-
The investment firm’s holdings were down to $59mn at the end of Q4. -
Jana holds around 109,000 shares and 69,000 call options, at a $307mn total value.
-
The loss aggregator has classified the fires as two separate events for reinsurance purposes.
-
Insurance stocks are lukewarm amid earnings season, cats and political changes.
-
The board will lead the review following feedback from shareholders including activist investor Jana.
-
The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding.
-
The carrier’s Q4 operating EPS declined to $0.41 from $0.77 in Q4 2023.
-
Most insurers outperformed the S&P 500 last year, but the trend is unlikely to continue.
-
The company’s stock price has plummeted in the wake of the LA wildfires.
-
In June 2023, Hale Partnership got its license from the Cayman Islands Monetary Authority for HP Re.
-
The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
-
The 2025 target would be ~25% larger than the $3.56bn it placed for 2024.
