Chubb reported a second-quarter P&C combined ratio of 83.8%, down from 85.6% a year earlier, and pretax net investment income of $1.76 billion, up 12.3%.
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Underwriting profit, rather than higher bond yields alone, is the first defense behind its selection.
CME reports a strong first half; collateral income has a qualification
CME described the first half of 2026 as its strongest. Its second-quarter filing shows $1.3888 billion earned on clearing-member collateral and $1.2657 billion distributed to clearing firms.
P&G reported fiscal 2026 operating cash flow of $19.556 billion, capital expenditure of $4.409 billion and dividends of $10.232 billion. Organic sales grew 1%.
ADP reports growth and a measurable client-funds income stream
Berkshire reported first-half 2026 insurance investment income of $5.738 billion, down from $6.260 billion a year earlier, alongside approximately $177.5 billion of insurance float.
Progressive reports a narrower underwriting cushion
The Treasury’s September 23 observations put the 10-year nominal yield at 5.11%, the 30-year nominal yield at 5.40% and the 10-year real yield at 2.76%.
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By Intermission· 2,703 words
What are five stocks that are best for capital preservation, assuming we are heading into a prolonged period of high long-term interest rates?
Chubb reports profitable underwriting and higher investment income
[3]Chubb reported a second-quarter P&C combined ratio of 83.8%, down from 85.6% a year earlier, and pretax net investment income of $1.76 billion, up 12.3%.
Underwriting profit, rather than higher bond yields alone, is the first defense behind its selection.
CME reports a strong first half; collateral income has a qualification
[17][10]CME described the first half of 2026 as its strongest. Its second-quarter filing shows $1.3888 billion earned on clearing-member collateral and $1.2657 billion distributed to clearing firms.
P&G reports cash headroom behind its dividend
[14][5]P&G reported fiscal 2026 operating cash flow of $19.556 billion, capital expenditure of $4.409 billion and dividends of $10.232 billion. Organic sales grew 1%.
ADP reports growth and a measurable client-funds income stream
[2]ADP reported fiscal 2026 revenue of $21.9 billion, up 6% organically at constant currency, and $1.355 billion of client-funds interest revenue.
Berkshire reports lower insurance investment income
[6][9]Berkshire reported first-half 2026 insurance investment income of $5.738 billion, down from $6.260 billion a year earlier, alongside approximately $177.5 billion of insurance float.
Progressive reports a narrower underwriting cushion
[12]Progressive reported an 89.3% August 2026 combined ratio, compared with 83.1% in August 2025.
Treasury yields establish the high-rate backdrop
[7][8]The Treasury’s September 23 observations put the 10-year nominal yield at 5.11%, the 30-year nominal yield at 5.40% and the 10-year real yield at 2.76%.
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