Dafinchi AI

Fidelity National Financial, Inc.

FNF

Financial Services

1w

Impact of Elevated Health Claims on Title Margin

The second quarter saw a $12 million increase in health claims, representing a 60 basis point impact on the title margin.
Management expects these elevated health claims to remain for the rest of 2025 before normalizing in 2026.
Despite higher expenses, the core Title and Agency Title businesses performed well, maintaining healthy margins.
The increase was driven by high-cost claimants, with some claims exceeding $100,000, affecting the overall claims reserve.
Management indicated that these claims are a temporary blip and actions will be taken to mitigate future costs, such as plan design adjustments.
The elevated claims impacted personnel costs indirectly through health-related expenses but did not affect operational margins.

Healthcare Realty Trust Incorporated

HR

Financial Services

2w

Financial Performance Summary

FAD was $0.33 per share, a $0.04 sequential increase, representing a 96% payout ratio, a significant improvement from the first quarter.
Net debt to adjusted EBITDA sits at 6x, with expectations to decrease into the mid-5x area by year-end.
Normalized FFO was $0.41 per share, a $0.02 sequential increase, and up nearly 7% year-over-year, driven by strong occupancy gains, disciplined cost management, and a decrease in share count.
Same-store occupancy was 90%, a 40 basis point sequential increase, with same-store NOI growth of 5.1%, a 280 basis point sequential increase, the highest in 9 years.
The company completed a successful renewal of its revolver, extended the tenor of term loans, and raised 2025 normalized FFO per share guidance to $1.57 to $1.61.
Year-to-date asset sales increased to $211 million at a blended 6.2% cap rate, with over $700 million of additional assets under contract or LOI.

Enact Holdings, Inc.

ACT

Financial Services

2w

Financial Performance Summary

Adjusted return on equity was 13.4%, with insurance in force increasing 1% year-over-year to $270 billion.
Enact reported adjusted operating income of $174 million and adjusted earnings per diluted share of $1.15 for Q2 2025.
Investment income was $66 million, up 5% sequentially and 10% year-over-year, with new money investment yield exceeding 5%.
Loss ratio for the quarter was 10%, with losses of $25 million and a reserve release of $48 million driven by favorable cure performance.
New insurance written was $13 billion, up 35% sequentially but down 3% year-over-year.
Operating expenses were $53 million, flat year-over-year excluding restructuring charges, with an expense ratio of 22%.
Persistency was 82%, down 2 points sequentially and 1 point year-over-year.
Total net premiums earned were $245 million, flat sequentially and up modestly year-over-year.

Assured Guaranty Ltd.

AGO

Financial Services

1w

Financial Performance Summary

Adjusted book value per share reached a record high of $176.95 and adjusted operating shareholders' equity per share reached $120.11 at the end of Q2 2025.
Adjusted operating income for Q2 2025 was $50 million or $1.01 per share, down from $80 million or $1.44 per share in Q2 2024.
Loss expense increased by $27 million in Q2 2025, primarily due to additional reserves on certain U.K. regulated utility and U.S. municipal revenue exposures.
Net earned premiums and net investment income both increased in Q2 2025 compared to Q2 2024, reflecting earnings from new large transactions and higher-yielding assets.
The Insurance segment contributed $76 million and the Asset Management segment $4 million to earnings in Q2 2025, offset by a $29 million loss in the corporate division.

Truist Financial Corporation

TFC

Financial Services

4w

Financial Performance Summary

Adjusted expenses increased 3.1% linked quarter primarily due to higher personnel expenses related to merit increases and strategic hiring.
Adjusted revenue increased 2.1% linked quarter due to 2.3% growth in net interest income and 1.8% growth in non-interest income.
Asset quality improved with net charge-offs declining nine basis points linked quarter to 51 basis points and nonperforming loans down nine basis points linked quarter.
Average loan balances increased 2% linked quarter and end-of-period loans increased 3.3%, driven by broad-based growth in consumer and wholesale segments.
Capital position remains strong with a CET1 ratio of 11% stated and 9.3% adjusted for AOCI, supporting balance sheet growth and capital returns.
Returned $1.4 billion to shareholders via dividends and repurchased $750 million of common stock in the quarter, including opportunistic repurchases above target.
Truist reported second quarter 2025 net income available to common shareholders of $1.2 billion or $0.90 per share, including $0.02 per share of restructuring charges and $0.01 per share of losses from investment securities sales.

SiriusPoint Ltd.

SPNT

Financial Services

1w

Financial Performance Summary

Attritional combined ratio improved 2.3 points year-over-year to 90.9% in the first half, driven by improvements in loss ratio, acquisition costs, and operating expenses.
Core combined ratio improved by 3.8 points year-over-year to 89.5% in Q2, marking the 11th consecutive quarter of underwriting profit.
Gross written premiums grew 10% in Q2 and 14% year-to-date, with net premiums growing 8% in Q2 and 14% in the first half.
Half year underwriting income was $96 million with core combined ratio of 92.4%, showing slight improvement despite catastrophe losses.
Insurance & Services segment saw net premium growth of 15% in Q2, outpacing gross premium growth due to increased retention.
Net investment income was $68 million in Q2, tracking in line with full-year guidance of $265 million to $275 million.
Second quarter BSCR ratio was 223%, within target range, supporting organic growth opportunities.
SiriusPoint delivered strong Q2 2025 results with an underlying return on equity (ROE) of 17%, exceeding the target range of 12% to 15%.
Underlying earnings per share increased over 100% year-over-year to $0.66 in Q2; diluted book value per share grew 4% in Q2 and 10% year-to-date.
Year-to-date underlying ROE was 15.4%, at the upper end of the target range despite losses from aviation and California wildfires.

Flushing Financial Corporation

FFIC

Financial Services

3w

Significant Growth in Core Earnings and Profitability Metrics

GAAP earnings per share increased 128% YoY to $0.41; core EPS up 78% to $0.32.
Net interest margin expanded 3 basis points quarter-over-quarter to 2.52-2.54%.
Pre-provision net revenue reached its highest since Q3-Q4 2022, indicating a strong profit trajectory.

Postal Realty Trust, Inc.

PSTL

Financial Services

1w

Financial Performance Summary

Funds from operations (FFO) for Q2 were $0.35 per diluted share.
Net debt to annualized adjusted EBITDA decreased to 5.1x from 5.2x at the end of 2024, maintaining a strong balance sheet.
Operating expenses were lower than anticipated in the first half of 2025 due to project timing and cost efficiencies.
Postal Realty Trust delivered AFFO per share of $0.33 in Q2 2025, exceeding expectations for the first half of the year.
Recurring capital expenditures in Q2 were $127,000, slightly below guidance, with Q3 expected between $175,000 and $325,000.
The Board approved a quarterly dividend of $0.2425 per share, a 1% increase from Q2 2024, well covered by AFFO.
The company updated its full year 2025 AFFO guidance range to $1.24 to $1.26 per share, implying nearly 8% year-over-year growth.
Weighted average interest rate on debt was 4.5%, with 86% of borrowings at fixed rates.