Dafinchi AI

Globe Life Inc.

GL

Financial Services

3w

Strategic Development of Bermuda Reinsurance Affiliate

Globe Life submitted a preliminary business plan to Bermuda Monetary Authority to establish a reinsurance affiliate in Bermuda.
The plan aims to reinsure a portion of new and in-force life insurance policies, with an initial reinsurance of a small block of reserves.
The company expects to cede approximately 25% of total statutory life reserves over time, including in-force and new business.
The first reinsurance transaction is targeted for the end of the year, with subsequent transactions possibly following.
The Bermuda entity is expected to enhance the company's economic capital framework, support growth, and improve earnings emergence.
Regulatory and rating agency discussions are ongoing, with formal licensing expected later in the year.

Equitable Holdings, Inc.

EQH

Financial Services

1w

Impact of RGA Reinsurance Transaction on Earnings Volatility and Capital Flexibility

Reinsurance of 75% of in-force individual life block with RGA closed on July 31.
Significantly reduces future mortality claims exposure and earnings volatility.
Generated over $2 billion in value through ceding commission and capital release.
Plan to execute $500 million of share repurchases in second half of 2025.
Remaining capacity for opportunistic growth investments or additional buybacks.

The Hanover Insurance Group, Inc.

THG

Financial Services

2w

Strategic Focus on Diversified and Specialized Portfolio Amid Market Variability

The company emphasizes its diversified portfolio across personal, commercial, and specialty lines, which enables resilience amid market variability.
Management highlights targeted growth in diversification states and account-based business models to enhance profitability and customer loyalty.
The approach is designed to capitalize on emerging opportunities while maintaining disciplined underwriting and pricing strategies.

Global Payments Inc.

GPN

Financial Services

1w

Strategic Portfolio Reassessment Post-Worldpay Acquisition

Management is reevaluating their portfolio composition in light of the upcoming Worldpay acquisition, considering assets that may no longer align with the new strategic focus.
The company has already exited or announced transactions to divest over $550 million of revenue, aligning with prior plans but now influenced by the Worldpay deal.
There is an emphasis on using proceeds from potential additional divestitures to return capital to shareholders, maintaining leverage neutrality.
The reevaluation includes assessing vertical market exposure and the potential for further asset monetization to optimize the business portfolio.
Management indicated that some decisions made before the acquisition are being revisited to better fit the combined company's long-term strategy.
The company aims to accelerate capital returns and streamline its assets to support the integration and growth post-Worldpay.

F&G Annuities & Life, Inc.

FG

Financial Services

1w

Launch of Reinsurance Sidecar with Blackstone

F&G launched a new reinsurance sidecar in partnership with Blackstone Managed Funds, effective August 1, 2025, with approximately $1 billion in anticipated capital commitments.
The sidecar is designed to provide long-term, on-demand capital to support growth and shift towards a more fee-based, higher-margin, less capital-intensive business model.
The vehicle is managed by Blackstone-owned Fort Green Reinsurance STC Limited, a Cayman-based reinsurer, and does not involve F&G holding ownership stake in the reinsurer.
The reinsurance sidecar will enable F&G to scale in an accretive and capital-efficient manner, complementing existing flow reinsurance agreements.
This strategic capital solution is expected to expand F&G's fee-based earnings power over time, supporting growth in FIA products and other segments.
The company plans to continue utilizing existing flow reinsurance partnerships for MYGA sales and manage capital to regulatory and rating agency requirements, including maintaining RBC at or above 400%.

F&G Annuities & Life, Inc.

FG

Financial Services

1w

Financial Performance Summary

Adjusted ROA on a last 12-month basis was 92 basis points, slightly up from 91 basis points in Q2 2024.
Adjusted ROE excluding AOCI was 8.8%, up 40 basis points over Q2 2024.
F&G reported adjusted net earnings of $103 million or $0.77 per share in Q2 2025.
Investment income from alternative investments was $83 million below management's long-term expected return.
Operating expenses to AUM before flow reinsurance decreased to 56 basis points from 61 basis points in Q2 2024.
Record AUM before flow reinsurance reached $69.2 billion, a 13% increase over Q2 2024.

LMND

Financial Services

1w

Significant Reduction in Reinsurance Quota Share from 55% to 20%

The company reduced its quota share reinsurance from 55% to 20%, a move driven by improved loss ratios and capital efficiency.
This change was a strategic decision to shift risk management focus from risk concentration to capital management.
The transition is expected to unfold over several quarters, with ceding roughly 45% of premium in H2 2025 and reaching 20% by Q3 2026.
The impact on revenue is expected to outpace gross profit growth, with a shift towards higher revenue growth rates as the reinsurance scope narrows.
This structural change aims to improve capital utilization and reduce dependency on reinsurance, leveraging the company's improved loss ratios and captive reinsurance structures.

MET

Financial Services

1w

MetLife's Strategic Investment in Reinsurance via Chariot Re

MetLife launched Chariot Re with an initial $10 billion reinsurance deal, aiming to support growth in its diversified retirement platform.
The partnership with General Atlantic and the reinsurance deal are designed to generate institutional client assets and support the company's strategic expansion.
Michel Khalaf emphasized that Chariot Re is a vehicle to enable growth beyond MetLife’s capital generation capabilities, with more deals expected in the future.