Dafinchi AI

United Fire Group, Inc.

UFCS

Financial Services

1w

Financial Performance Summary

Book value per common share increased to $33.18, and adjusted book value per share grew to $34.93.
Net investment income increased 20% year-over-year, supported by higher yields on fixed maturity investments.
Second quarter net income was $0.87 per diluted share, with adjusted operating income of $0.90 per diluted share.
The combined ratio improved by 9.2 points to 96.4%, with an underlying loss ratio improvement of 1.3 points to 57.6%.
UFG Insurance reported record net written premium of $373 million in Q2 2025, a 14% increase driven by improved retention, new business production, and rate increases.

Palomar Holdings, Inc.

PLMR

Financial Services

1w

Financial Performance Summary

Adjusted combined ratio was 73.1% for Q2 2025, consistent with the prior year period.
Annualized adjusted return on equity was 23.7%, slightly down from 24.7% in Q2 2024.
Gross written premiums grew 29% year-over-year to $496.3 million, or 45% growth excluding runoff business.
Loss ratio was 25.7%, driven primarily by non-catastrophe attritional losses and favorable reserve development.
Net investment income increased 68% year-over-year to $13.4 million with a yield of 4.7%.
Second quarter 2025 adjusted net income increased 52% year-over-year to $48.5 million or $1.76 per diluted share.

UWM Holdings Corporation

UWMC

Financial Services

1w

Financial Performance Summary

Adjusted EBITDA was $195.7 million.
Gain on sale margin increased to 113 basis points, up 19 basis points from Q1 2025.
MSR portfolio stood at $211.2 billion UPB with a weighted average coupon of 5.51%.
Net income was $314.5 million, including a $111 million decline in fair value of MSRs.
Purchase originations totaled $27.3 billion, marking the third-best purchase quarter ever and tracking to over $100 billion for the year.
Refinance volume doubled year-over-year to $12.4 billion, representing about 11% of the industry volume despite owning only 2% of the servicing market.
Total equity increased to $1.7 billion and cash position was $490 million with total available liquidity of $2.2 billion.
UWM reported $39.7 billion in production volume for Q2 2025, the best quarter since 2021 and nearly 20% higher than Q2 2024.

Old Republic International Corporation

ORI

Financial Services

3w

Financial Performance Summary

Book value per share increased over 12.6% to $25.14, driven by strong operating earnings and higher investment valuations.
Favorable prior year loss reserve development continued, benefiting the consolidated loss ratio by 2.1 percentage points.
Net investment income increased 2.4% due to higher bond yields despite a lower invested asset base after a $500 million special dividend.
Net operating income was $209 million for the quarter, up from $202 million last year, with earnings per share increasing 9% to $0.83 from $0.76.
Old Republic International produced $267.5 million of consolidated pretax operating income in Q2 2025, up from $253.8 million in Q2 2024.
Regular cash dividends of $71 million were paid, with minimal share repurchases during the quarter.
Specialty Insurance net premiums earned grew 14.6% with pretax operating income of $253.7 million, up from $202.5 million last year, and a combined ratio improvement to 90.7 from 92.4.
The consolidated combined ratio was 93.6 compared to 93.5 in the prior year quarter.
Title Insurance premiums and fees earned grew 5.2% to $698 million, but pretax operating income declined to $24.2 million from $46 million, with the combined ratio rising to 99 from 95.4.

Federal Realty Investment Trust

FRT

Financial Services

1w

Financial Performance Summary

Comparable property-level operating income grew approximately 5% excluding tax credit impact.
Comparable retail leasing reached 644,000 square feet, near an all-time quarterly record.
Completed asset sales totaling $143 million at blended yields in the mid- to upper 5% range.
Excluding tax credit income, FFO per share was $1.76, beating consensus and prior year results.
Liquidity improved to $1.55 billion with strong credit metrics; net debt-to-EBITDA at 5.4x excluding tax credit income.
Reported FFO per share of $1.91 for Q2 2025 includes $0.15 from new market tax credit income recognized earlier than guided.

Globe Life Inc.

GL

Financial Services

3w

Financial Performance Summary

Administrative expenses were $86 million, up 5% from prior year, representing 7.1% of premium.
Book value per share as of June 30 is $66.07 (GAAP) and $90.26 excluding AOCI, up 10% from a year ago.
Excess investment income was $35 million, down $8 million from a year ago; net investment income was $282 million, down 1%.
Health insurance premium revenue grew 8% to $378 million; health underwriting margin was down 2% to $98 million due to higher obligations at United American.
Invested assets totaled $21.5 billion, with $18.9 billion in fixed maturities, mostly investment grade rated A-.
Life Insurance premium revenue increased 3% to $840 million; life underwriting margin was $340 million, up 6%.
Net income for the second quarter was $253 million or $3.05 per share compared to $258 million or $2.83 per share a year ago.
Net operating income was $271 million or $3.27 per share, a 10% increase over $2.97 per share from a year ago.
Return on equity through June 30 is 18.8% on a GAAP basis and 14.4% excluding accumulated other comprehensive income (AOCI).
The fixed maturity portfolio has a net unrealized loss of approximately $1.6 billion due to higher market rates but is not a concern due to intent to hold to maturity.

Principal Financial Group, Inc.

PFG

Financial Services

2w

Financial Performance Summary

Adjusted non-GAAP earnings excluding significant variances were $469 million or $2.07 per share, an 18% increase in EPS over 2024.
Life insurance sales were strong with record nonqualified sales, but pretax operating earnings declined due to higher mortality.
Net cash flow was negative $2.6 billion in the quarter, an improvement sequentially driven by positive net cash flow from global institutional clients.
Non-GAAP operating ROE, excluding AAR, was 14.9%, improving 170 basis points compared to the year-ago period.
Principal Asset Management sales were $33 billion, up 19% over the prior year quarter.
Reported non-GAAP operating earnings were $489 million, up 27% year over year, and EPS was $2.16, up 33%.
Retirement Solutions sales were $6 billion, up 7% year over year.
Revenue growth, strong margin and expense discipline supported results, alongside a lower effective tax rate and share repurchases.
Second quarter reported net income excluding exited business was $432 million with minimal credit losses of $17 million.
Specialty Benefits earnings grew 10% with margin expansion of 100 basis points.
Total company managed AUM reached $753 billion, a 5% increase over the sequential quarter and 8% over 2024.

W. R. Berkley Corporation

WRB

Financial Services

3w

Financial Performance Summary

Catastrophe losses were $99 million, slightly higher than the prior year's $90 million, but the impact on the combined ratio remained flat.
Financial leverage remained low at 23.4%, and after-tax unrealized investment losses improved by $120 million to $249 million.
Net income per diluted share increased 8.7% year-over-year to $1.00 or $401 million, with an annualized return on beginning of year equity of 19.1%.
Net premiums earned reached a quarterly record of $3.1 billion, and net premiums written hit a record $3.4 billion, with growth across all lines and segments.
Operating earnings were $420 million or $1.05 per share, yielding a 20% annualized return on beginning of year equity, excluding after-tax foreign currency gains and losses.
Ordinary and special dividends totaled $224 million, with book value per share growth before dividends at 6.8% for the quarter and 14.3% year-to-date.
Record net investment income of $379 million was driven by growth in invested assets and higher new money rates on fixed maturity securities, with a book yield increase to 4.7%.
Stockholders' equity increased by over $380 million or 4.3% to a record $9.3 billion.
The accident year combined ratio before catastrophe losses was 88.4%, with a loss ratio excluding cats of 59.9% and an expense ratio of 28.5%.
The effective tax rate was 23.2%, above the U.S. statutory rate due to foreign and state taxes.