- Achieved record total new annualized premiums of $120 million, up 17% from the previous year.
- Delivered 12th consecutive quarter of strong sales momentum and 10th consecutive quarter of growth in producing agent compensation.
- Multiple product line sales records and double-digit insurance sales growth in both divisions.
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- Book value per share increased 26% year-to-date inclusive of dividends, driven by an 84 combined ratio and double-digit net investment income growth.
- Casualty segment premiums grew 8% with a 98 combined ratio, benefiting from favorable prior year reserve development and improved current accident year loss ratio.
- Expense ratio rose due to higher acquisition costs and investments in technology and personnel.
- Net earnings on a GAAP basis were $1.35 per share, up from $1.03 in Q3 2024.
- Property segment premiums declined 11% but posted a strong 60 combined ratio due to absence of hurricane losses and favorable reserve development.
- Surety premiums declined 3% for the quarter but commercial and transactional surety grew 53% year-to-date.
- Third quarter operating earnings of $0.83 per share, supported by solid underwriting and a 12% increase in investment income.
- Total combined ratio improved to 85.1% from 89.6% last year, reflecting a benign hurricane season.
- Adjusted noninterest expense rose 1% sequentially and 3% year-over-year, with disciplined expense control and higher employment costs.
- Adjusted noninterest revenue increased 12% sequentially and 3% year-over-year, driven by capital markets fees rebound and wealth management income growth.
- Adjusted pre-provision net revenue rose 5% sequentially and 7% year-over-year.
- Capital ratios strengthened, with CET1 ratio at 10.91%, the highest in company history, supported by earnings and share repurchases.
- Core deposits declined 2% sequentially, driven by public funds and broker deposits, but deposit costs improved with a 4 basis point decline in average cost of deposits to 2.22%.
- Credit quality improved with net charge-offs at $18 million (17 basis points), better than guidance, and nonperforming loans decreased to 0.59% of total loans.
- Loan balances increased by $888 million or 2% sequentially, with strong growth in high-growth verticals and specialty lending.
- Net interest margin expanded modestly to 3.37%, with net interest income growing 6% year-over-year.
- Synovus reported GAAP and adjusted earnings per share of $1.48, a 14% increase from the first quarter and 28% year-over-year.
- Achieved record revenue of $157 million in Q2 2025, up 10% YoY.
- Total originations reached a record $510 million, driven by digital channels, auto secured loans, and new branches.
- 17 new branches since September 2024, with 11 in new markets (California, Arizona, Louisiana), contributing significantly to growth.
- Expected to open 5-10 additional branches in the next 6 months, with positive early performance.
- Adjusted net income return on equity was 28.6% over the trailing 12 months.
- Auto insurance combined ratio was 86%, a 9.9 point improvement from the second quarter of 2024.
- Divestitures of Employee Voluntary Benefits and Group Health businesses generated $3.25 billion, representing a 25 times multiple of latest 12-month earnings.
- Homeowners business had an underlying combined ratio of 58.6 but was offset by $1.6 billion in catastrophe losses, leading to a combined ratio of 102 in the quarter.
- Investment income was $754 million in the quarter, representing a total return of 1.4% for the quarter and 5.4% for the last 12 months.
- Net income was $2.1 billion and adjusted net income was $1.6 billion or $5.94 per diluted share.
- Personal property-liability policies in force increased by 0.8 points.
- Property-Liability business generated nearly $1.3 billion of underwriting income with a combined ratio of 91.1%, a 10-point improvement from prior year quarter.
- Protection Services revenues were $867 million in the quarter, generating $60 million of income.
- Returned $1.1 billion in dividends and repurchased $445 million of common stock in the past year.
- Revenues were $16.6 billion in the second quarter, a 5.8% increase compared to the second quarter of 2024.
- Total policies in force increased by 4.2% over the prior year, led by Allstate Protection Plans.
- Allstate is now in Phase 4 of its 5-phase Transformative Growth strategy, with new auto insurance products available in 40 states and homeowners products in 16 states.
- Expansion of risk appetite through new products in independent agent channels, leveraging advanced computing and large language models.
- Customer access significantly expanded, with policies in force reaching 37.7 million, driven by rapid growth in direct sales and acquisition of National General.
- Commercial Lines also showed consistent profitability, beating industry combined ratios by 8 to 20 points over the last 20 years despite a challenging commercial auto market.
- Expense ratios, including loss adjustment expenses (LAE), have been reduced over the last decade, contributing to maintaining competitive pricing and profitability.
- Personal auto saw a less than 1% rate decline in the quarter, with increased marketing spend of $2.5 billion year-to-date, up $900 million from last year, supporting growth despite competitive pressures.
- Progressive delivered strong profitability in the first half of 2025, adding over $5 billion in premiums written and nearly 2.4 million additional policies in force (PIFs) compared to the first half of 2024.
- The company outperformed the industry combined ratio by more than 7 points in 2024 and gained over 1.5 points in personal auto market share, the largest share gain by any carrier in 15 years.
- The company’s combined ratio target remains at or below 96, balancing growth and underwriting profit.
- Adjusted EPS excluding goodwill impairment was $2.24 with adjusted ROTCE of 9.7%.
- Cost of credit was $2.5 billion, primarily from U.S. Card net credit losses and firm-wide ACL build.
- Expenses up 9% to $14.3 billion, but adjusted expenses up only 3%, driven by compensation and severance.
- Net interest income excluding markets rose 6%, driven by USPB, services, wealth, and banking.
- Non-interest revenues excluding markets increased 12%, led by banking and wealth.
- Positive operating leverage generated for the firm and each of the five businesses.
- Reported net income of $3.8 billion and EPS of $1.86 with ROTCE of 8%.
- Revenues increased 9% year-over-year, with every business achieving record third-quarter revenue.
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