| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q4'25 | March 3, 2026 | 10/12 | 2 medium, 5 low flags | 3 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q4'25 | Exceeded | Continue focus on 96 combined ratio target Delivered 87.3% YTD combined ratio |
| Q4'25 | Delivered | No expectation of similar excess profit exposures in other states Confirmed minimal exposure elsewhere |
| Q4'25 | Pending | Manage profitability in Florida to avoid excess profits Active rate management to prevent future excess profit situations |
| Q4'25 | Pending | Move closer to 3.5x operating leverage going forward Moved to 3x in 2025, gradual progression to 3.5x |
| Q4'25 | Delivered | Florida rate decrease planned for December Third rate reduction mentioned as completed |
| Q4'25 | Pending | Continue to refine Florida excess profits accrual monthly Will see October adjustment in next monthly filing |
Get free previews of our earnings-call research: the key changes, management scores, and questions worth investigating. Subscribe for full call sheets and deeper analysis.
Subscriptions are managed by Substack. If the form does not load, subscribe directly. Or follow the RSS feed.