- Citigroup returned over $6 billion in capital to shareholders in Q3, exceeding guidance by $1 billion.
- Year-to-date, the bank has repurchased $8.75 billion of shares under a $20 billion plan.
- The CET1 capital ratio ended at 13.2%, well above the regulatory requirement, with a target of around 12.8% going forward.
- Management emphasizes balancing capital deployment between buybacks and growth investments.
- The bank is committed to maintaining a strong capital position while pursuing accretive growth opportunities.
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- Enact announced a significant increase in its expected capital returns for 2025 to approximately $400 million, up from previous guidance.
- The decision reflects strong credit performance, robust new insurance written, and a strong balance sheet.
- Final capital return amount and form will depend on business performance, market conditions, and regulatory approvals.
- Adjusted EBITDA was $179 million with a margin of 50.8%, slightly above guidance due to positive asset mix and annual fee realization.
- Adjusted net income was $133 million or $1.57 per diluted share, a 15% increase in EPS from the prior quarter.
- GAAP operating margin was 26.8%, impacted by $53 million in acquisition-related restructuring and integration costs.
- Net leverage ratio improved to 1.2x, the lowest since IPO, and debt-to-equity ratio improved to 0.39.
- Revenue rose 60% from the prior quarter to $351.2 million, driven by the acquisition of Pioneer Investments.
- The Board increased the share repurchase authorization from $200 million to $500 million, the largest in company history.
- Total client assets increased by 76% quarter-over-quarter to over $300 billion, a record high for a quarter end.
- Book value per diluted share, excluding AOCI, increased 6% to $38.05.
- Capital and liquidity remain strong with a consolidated RBC ratio of 378% and Holdco liquidity of $187 million.
- CNO delivered strong Q2 2025 results with operating earnings per diluted share of $0.87, benefiting from favorable insurance product margins and solid investment results.
- Net investment income grew 2% year-over-year, with average yield on allocated investments at 4.92%, up 11 basis points.
- Operating return on equity was 11.8% on a trailing 12-month basis and 11.2% excluding significant items, on track to meet 2025 and 3-year targets.
- Record total new annualized premiums reached $120 million, up 17%, with double-digit insurance sales growth in both Consumer and Worksite divisions.
- Share repurchases totaled $100 million in the quarter, reducing weighted average diluted shares outstanding by 8%.
- Operating earnings of $106 million, a record for the company, representing a $0.03 linked quarter increase.
- First $100 million operating net income quarter in company history.
- Share repurchases of 522,000 shares at an average price of $16.9, with ongoing capital return strategy.
Dafinchi