Warren Buffett announced Saturday that he will retire as Berkshire Hathaway’ s CEO at the end of 2025 and hand the reins to Greg Abel, a transition that’ s long been expected given that Buffett publicly named Abel as his successor in 2021.. The companies he oversees reported $5 billion in earnings in the first quarter of 2025, according to CNN.
Insurance company earnings information, updated quarterly. Earnings are crucial when assessing a company’s profitability and stock.
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Globe Life execs happy to focus on Q1 sales as controversies fade
Globe Life executives took a break from two years of relentlessly bad publicity to discuss strong first-quarter financials this week.
Cigna reports strong Q1, completes Medicare divestiture
The Cigna Group reported a strong start to the year, with first-quarter 2025 revenues rising 14% to $65.5 billion.
Apollo shakes off loss of ‘Goldilocks’ economy, keeps making money
Apollo’s total assets under management hit $785 billion at the end of Q1, a 17% year-over-year increase. Annuity sales were even better.
CVS reports strong Q1 earnings, will exit Aetna’s ACA plans
CVS Health Corp. reported a strong start to 2025, with first-quarter revenue climbing 7%, driven by growth across all business segments.
Prudential rides U.S. Businesses to Q1 win, but new CEO wants more
Prudential Financial reported a first-quarter profit gain off strong underwriting in the insurer’s U.S. Businesses unit. But new CEO Andrew Sullivan is raising the bar.
KKR execs vow to ‘keep investing’ amid global economic distress
KKR will not pull back from its strategy in the face of worldwide market volatility, said co-CEO Scott Nuttall. In fact, the firm expects to be even more aggressive.
Stubbornly high Q1 mortality puts a dent in Equitable earnings
Equitable Holdings is the latest life insurer to report disturbingly unexplained mortality results.
–The Guardian Life Insurance Company of America ® today reported strong financial results in The 2024 Guardian Annual, continuing to build on its legacy of financial strength and delivering consistent growth for policyholders through a robust business strategy and disciplined risk management. Record operating income: Driven by robust investment…
Despite Medicaid pressures, Elevance reports strong Q1 earnings
Elevance Health Inc. reported strong first quarter 2025 earnings Tuesday with operating revenue rising 15.4% year-over-year to $48.8 billion.
Blue Cross of Idaho is laying off over 100 employees in the coming months. Health and Welfare expects to save up to $40 million by switching from Blue Cross of Idaho to United Healthcare and Molina Health Care for the state’ s Medicare and Medicaid dual-eligible program, a spokesperson told the Idaho Statesman by email. Blue Cross of Idaho, the largest health…
Bearish hedge fund sellers have made $16.2 billion betting against Tesla shares as the value of Elon Musk’s electric car company has halved over the past three months.. Traders looking to profit from the falling share price have piled on the gains since the high recorded at the close on Dec. 17, according to data provider S3 Partners. Tesla’s market value has…
BOSTON, Mass., March 5, 2025- Liberty Mutual Holding Company Inc. and its subsidiaries reported net income attributable to LMHC of $1.239 billion and $4.383 billion for the three and twelve months ended December 31, 2024, versus income of $654 million and $213 million for the same periods in 2023.. Our claims professionals are on the ground working tirelessly to…
Northwestern Mutual sees record dividend, surplus
Northwestern Mutual reported record-breaking financial results, declaring its highest-ever policyholder dividend and a sky-high surplus.
Jackson reports 42% bump in Q4 annuity sales, up $39% for the year
Jackson Financial is firing on all cyclinders with its annuity portfolio, but some Wall Street analysts remain concerned about its Brooke Re reinsurer.
Despite LTC loss, Genworth sees net income growth, CareScout expansion
Genworth Financial reported results for Q4 and full-year 2024, citing continued success in long-term care rate actions.
Surrenders expected to rise at Corebridge, new RILA already selling strong
Corebridge reported a strong fourth quarter 2024, with net income of $2.2 billion compared to a loss of $1.3 billion in the year-ago quarter.
Despite $500M wildfire loss, AIG reports strong Q4, 2024 earnings
Despite challenges from natural catastrophes, including the California wildfires, AIG earns Q4 net income of $898 million.
CVS Health: Profits drop, with Medicare Advantage, Aetna challenges
CVS Health reported Q4 2024 profits of $1.6 billion, down from $2 billion, with annual profits at $4.6 billion, down $8.3 billion in 2023.
Brighthouse: annuity success, RBC struggles, as possible sale rumors fly
Brighthouse Financial’s Shield Level annuities hit record sales of $10 billion for the year. But is it enough?
