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• Ameriprise's Advice &Wealth Managementpre-taxEarningsrose 16% to $939 million, while Raymond James's Private Client Group pre-tax income rose only 3% to $423 million.
• Aon and WTW both posted 5% organicRevenuegrowth in the second quarter, though softer commercial property pricing is testing whether client activity can offset falling rates.
• Apollo's fee-relatedEarningsrose 25% to $785 million while its spread-related earnings from Athene rose 7% to $877 million.
• American Express's billedBusinessreached $455.8 billion withRevenueup 10% to $19.6 billion, driven largely by fee and discount income.
• Aflac Japan's premium persistency slipped to 92.7% from 93.7%, which management attributed to lapse-and-reissue activity from new product launches.
• AIG's General Insurance net premiums written rose 9% to $7.5 billion with the combined ratio improving to 89.0%, while The Hartford'sBusinessInsurance premiums grew 5%.
• Gallagher'sRevenuerose 24.2% with organic growth of 6% combined, while Brown & Brown's revenue rose 30.4% but organic revenue fell 0.7%.
• Berkley grew net premiums 2.4% and improved its combined ratio to 90.0% from 91.6%, while Arch's net premiums fell 6.9% as its combined ratio rose to 83.5%.
LPL Financial soared on Friday after reporting that client assets reached $2.60 trillion in August, helped by advisers recruited from Raymond James, bucking weakness in capital markets stocks.
First Financial Bancorp climbed on Friday after Truist upgraded the Cincinnati-based regional lender to Buy with a $37 price target, a rare bright spot for bank stocks in a week clouded by AI andYieldworries.
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