Financials

Ares Management grew fee related earnings 20% to $491.1 million and AUM 17.3% to $671.3 billion in Q2 2026, while GAAP EPS rose only to $0.49 as carried interest fell 22.8% on mark-to-market reversals at a real estate secondaries fund and in Kodiak AI shares.

Gallagher's revenue rose 24% to $4.00bn while GAAP EPS fell to $1.25 from $1.40 — a split driven almost entirely by AssuredPartners purchase accounting, integration costs and the loss of $144m of one-off interest income, with underlying brokerage organic growth of 5%.

Assurant posted record Q2 2026 earnings — net income up 27% to $298.6M and diluted EPS up 30% to $5.95 — but the first-half gain is heavily flattered by the absence of the 2025 California wildfires, lower-than-typical claims frequency, and shrinking reserve releases, with Connected Living the one durable growth engine.

Arch Capital's Q2 2026 underwriting income fell 19.7% to $657M as insurance-segment catastrophe losses jumped to 7.6 points of the loss ratio and earned premium shrank 8.1%, while a $1.2 billion buyback held diluted EPS at $3.00.

Apollo's Q2 2026 GAAP profit more than doubled to $1.34bn ($2.15 diluted EPS), but Segment Income rose just 12% — fee-related earnings grew 25% while Athene's investment spread narrowed 11 basis points, and a $1.7bn Bermuda deferred-tax write-off still leaves the first half at a loss.

Aon posted 5% organic revenue growth and 70bps of adjusted margin expansion in Q2 2026, but reported EPS fell 3% as a prior-year $88M gain did not repeat and the tax rate jumped to 22.0%.

Ameriprise grew adjusted operating EPS 22% to $11.07 on 13% revenue growth, but the gain leaned on a 27% rise in average equity markets and a 6% smaller share count while clients were net withdrawing from both asset-gathering segments.

AIG's Q2 2026 adjusted EPS rose 10% to $2.00 while GAAP EPS fell 10% to $1.78 — but adjusted income itself grew only 2%, with a 7.7% lower share count doing most of the work and International Commercial's accident-year combined ratio deteriorating 2.3 points.

American Express grew Q2 2026 revenue 10% to $19.6 billion and raised full-year revenue guidance to 10%, but 62% of its $521 million pretax income increase came from a credit reserve release rather than the operating business, where Platinum refresh benefit costs held pre-provision profit growth to 4%.

Allstate posted an 86.6% combined ratio and $12.51 diluted EPS in Q2 2026, but nearly all of the 4.5-point improvement came from below-normal catastrophe losses and a $692 million prior-year reserve release rather than better underlying underwriting.

Aflac's Q1 2026 net earnings jumped to $1.02 billion from $29 million on a $1.0 billion swing in investment gains and a 16.8% tax rate, while adjusted earnings slipped 0.6% and Japan posted 25.5% yen sales growth on its new Anshin Palette medical product.

Aflac's reported profit rose 38% on shrinking investment losses and a 17% tax rate, while adjusted earnings fell 7.7% — a 6.1% smaller share count, not premium growth, is what held EPS roughly flat.