They must have some really bad reserve problems

$KMPR Cooked...

This is a fantastic interview with the CEO of $HIPO. My favorite quote “this is not a winner takes all business”. https://t.co/CBZRBnl5yJ

$EG Q3 print will be interesting - 10/29. At one point this year, they were exploring a +$2.5B LPT, now it seems like the appetite for it is far less at ~$1.7B. Most times a carrier buys a LPT or ADC it's a good dip buy, but with the purchase far below the original need I'm less

For my cyber friends out there, what's the deal with $S is it crap? Growing like a weed, but Opex is as well.

The specialty insurance MGA wave has seen unrelenting growth. If you think about it do high quality underwriters want a standard salary and bonus incentive structure with some boring LTI or do they want real sweat equity that can 15-20x in short order (3-7yrs) while earning a

This looks new, $ROOT hiring a Director of strategy to help with the IA rollout.

Wow hard not to laugh at this Wells Fargo dropped $ASIC by $1 because they didn’t like the management was taking a conservative approach with their Property loss picks! lol Would they rather them be ultra aggressive? Shaking my head.

Adjusted return on equity if you assume post transaction they can successfully integrate to the ~25% net expense ratio that it would be +13-15% ROE

Just so folks are aware there's three insurance entities $ORI purchased. It looks like American Reliable as an intercompany ceding relationship with Everett, so Everett's operating performance is pretty exact per the disclosures in $ORI investor deck, which is as expected. Again

There's other subsidiaries, I'm just too tired to check them!

Anyone curious on $ORI acquisition of Everett Cash Mutual here's the statutory data. I think a few things (1) appears they bought it at a discount to book (2) estimated to be accretive to EPS, which I agree with based on the average combined ratio of ~95.9% (3) $ORI average

The best part about having excess capital is the ability to repurchase. $ORI has $912 million authorized for repurchases. 2025 has been a light year as the stock had a nice run up above even what I had modeled for.

$ASIC couldn't have had a stronger quarter and Wells Fargo drops their target from $24 to $23. Unbelievable. Would love to understand their rationale if anyone has a copy. Increasing national distribution, adding new products, improving operating leverage, increasing property

Anyone know if any trade credit insurers are left holding a bag?

$ORI sensible M&A. Earnings print looked no different than $WRB will take a harder look this morning. Will be a buyer of any algo sell the news. “Following an expected closing in 2026, ORI expects this transaction to be accretive to book value per share and operating income per

$EGBN never seems to get its shit together

Guessing this $10m federal grant runs out of steam quickly lets Baron Trump sell out fast this morning and the shorts keep pushing on the quantum frauds closer to $0 $IONQ $REGT

Found this interesting today, friend shot me a note. K2 the holding company owned by Warburg Pincus hired the former Co-Founder and COO of $NP Stephanie Lee to build a competing private flood insurance MGA in September of 2023. They use Solstice Technology as their main software