| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | October 19, 2026 | 7/12 | 2 medium, 1 low flags | 0 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q3'26 | Pending | California comp cycle showing early signs of a shift toward firming Management described incremental firming. This is a directional market assessment, not an independently established delivered commitment. |
| Q3'26 | Pending | Significant additional juice to squeeze out of the 20%+ underwriting efficiency gain The more-than-20% figure was repeated. The additional-improvement expectation had no fixed deadline; repetition alone does not demonstrate no progress. |
| Q3'26 | Pending | Keep the expense ratio at 30 or better Full-year period not yet ended. Q3 actual expense ratio was 28.6%, consistent with the commitment so far, but management's own language around the promise softened materially this quarter, a revision worth flagging even though not technically a miss yet. |
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.