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DRDO is businessline’s Changemaker of the Year; Azim Premji Foundation is Iconic Changemaker
BusinessLine· 2025-09-26 17:32
The seventh edition of bl’s Changemaker Awards started on a melodious note with Sudhir the Fluteboxer, who created magical acoustics and ended with Chief Guest Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri’s reminiscences as a diplomat. Education, social welfare, empowerment of marginalised sections were major themes that the awards recognised this year while true to the ethos of Viksit Bharat, was also the theme of indigenous production that was underlined by the Defence Research and Dev ...
AM Best Assigns Credit Ratings to Samsung Property & Casualty Insurance Company (China), Ltd.
Businesswire· 2025-09-26 17:28
HONG KONG--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a†(Excellent) to Samsung Property & Casualty Insurance Company (China), Ltd. (Samsung P/C China). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings of Samsung P/C China reflect its balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate e. ...
Ethos Technologies reveals 55% revenue surge as insurance IPOs fire up
Yahoo Finance· 2025-09-26 17:10
By Arasu Kannagi Basil (Reuters) -Ethos Technologies recorded a 55% jump in revenue in the first half of 2025, according to its U.S. initial public offering paperwork filed on Friday, as the insurance IPO market continues its hot streak. The San Francisco, California-based life-insurance platform is the latest insurer seeking to tap the new listings market, with nearly half a dozen peers going public in New York since May. In the six months ended June 30, Ethos posted net income of $30.7 million on reve ...
Aflac (AFL) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-09-26 17:00
Investors might want to bet on Aflac (AFL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earn ...
Korean Insurer DB to Buy Fortegra for $1.65 Billion in US Foray
Insurance Journal· 2025-09-26 16:46
South Korea’s DB Insurance Co. agreed to buy US specialty insurer Fortegra Group for $1.65 billion, in what would be the biggest US acquisition by a non-life insurer from the country.The Seoul-based company will purchase 100% of Fortegra’s outstanding shares from investors including Warburg Pincus in cash using internal resources, it said in a statement Friday. The deal will expand DB Insurance’s foothold in the US property and casualty market as well as the surety and warranty sectors. Fortegra, which is a ...
Bodily Injury Costs Increase in Nevada, According to Mercury Insurance
Prnewswire· 2025-09-26 16:00
Accessibility StatementSkip Navigation Mercury's New Umbrella Insurance Better Protects Nevadans' Personal Wealth Against Bodily Injury Claims LOS ANGELES, Sept. 26, 2025 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Nevadans' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim incr ...
Donegal Group: An Insurer Trading Below Its True Value (NASDAQ:DGICA)
Seeking Alpha· 2025-09-26 15:53
Nabeel Bukhari is a law graduate with a specialization in company and corporate law, combined with self-taught expertise in financial analysis. He offers a unique perspective on business dynamics by integrating his legal knowledge with financial insights, making him a valuable asset in the financial realm. His work goes beyond traditional academics, published by respected platforms like InvestorPlace and GuruFocus. His insights have also been featured in well-known publications such as Forbes, Yahoo Finance ...
Morgan Stanley Retains Hold on Progressive (PGR), Lowers PT on Softer Growth Estimates
Yahoo Finance· 2025-09-26 15:09
The Progressive Corp. (NYSE:PGR) is one of the best value stocks in Goldman Sachs’ portfolio. In a September 22 update, Morgan Stanley analyst Bob Huang marginally lowered the price target on the stock to $265 from $267, but maintained his Hold rating. The analyst’s change to the price target follows the company’s release of its August monthly performance results. Huang has lowered his assumptions for the 2025 total combined ratio and modestly lowered premium growth forecasts for 2026 and 2027. Morgan St ...
Citizens, Inc. Provides Business Update Highlighting Its Growth and Operations Initiatives
Newsfile· 2025-09-26 13:20
Citizens, Inc. Provides Business Update Highlighting Its Growth and Operations InitiativesSeptember 26, 2025 9:20 AM EDT | Source: Citizens, Inc.Austin, Texas--(Newsfile Corp. - September 26, 2025) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, hosted a business update webcast on September 24, 2025 at 1:45 ET. The Company provided a positive overview of its operations and growth strategy. Growth ...
Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares and Preferred Shares
Globenewswire· 2025-09-26 11:45
TORONTO, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax of its intention to commence a Normal Course Issuer Bid (“NCIB”) through the facilities of the TSX (or other alternative Canadian trading systems) for its Subordinate Voting Shares and the following series of its Preferred Shares: Cumulative 5-Year Rate Reset Preferred Shares, Series I (TSX: FFH.PR.I) (“Se ...