Finance & Banking · Week of Nov 2, 2026
Insurers and Autohome report lower Q3 profits, keep returning capital
Third-quarter earnings showed lower profits paired with buybacks and dividends, alongside an ETF launch, a hotel sale and a payroll report.
Earnings dominated the week. Allstate, MGIC Investment Corporation and Autohome Inc. each reported third-quarter 2026 net income below the prior-year quarter, though MGIC's diluted earnings per share rose to $0.85 from $0.83. Allstate attributed its decline mainly to higher catastrophe losses, a 2025 gain on the sale of its group health business and net investment losses. Autohome reported lower revenues across its media, leads generation and marketplace lines. All three continued returning capital: Allstate says about $1.5 billion went to shareholders in the quarter, MGIC repurchased 5.1 million shares and declared a $0.17 dividend, and Autohome approved a US$1.58 per ADS dividend alongside an ongoing US$400 million buyback.
Outside earnings, AllianceBernstein listed an actively managed covered-call income ETF on the NASDAQ. Braemar Hotels & Resorts closed a $372 million resort sale ahead of its move to self-management. ADP reported 86,000 private-sector jobs added in October. In regional banking, Associated Banc-Corp announced a $2.1 million community commitment after completing its American National Bank conversion, and Alkami said Fidelity Bank went live on its MANTL loan origination platform.
The Allstate Corporation
Allstate Reports Excellent Q3 2026 Results
Allstate reported third-quarter 2026 revenues of $17.3 billion and net income applicable to common shareholders of $2,050 million, or $8.03 per diluted share, down from $3,717 million a year earlier, as catastrophe losses rose to $1,650 million from $558 million. The company says it returned about $1.5 billion to shareholders in the quarter, with $1.3 billion remaining under its $4.0 billion repurchase authorization.
MGIC Investment Corporation
MGIC Investment Corporation Reports Third Quarter 2026 Results
MGIC reported third-quarter 2026 net income of $175.0 million, or $0.85 per diluted share, with insurance in force of $307.3 billion, while losses incurred rose to $23.9 million from $10.9 million and the primary delinquency inventory reached 27,814 loans. The company also agreed to terms on quota share reinsurance for 2028 and 2029 new insurance written and declared a $0.17 dividend payable on November 23, 2026.
Autohome Inc.
Autohome Inc. Announces Unaudited Third Quarter 2026 Financial Results
Autohome reported net revenues of RMB1,315.0 million (US$196.1 million), down from RMB1,778.1 million, and net income attributable to the company of RMB195.0 million, down from RMB436.6 million. The board approved a US$1.58 per ADS dividend totaling approximately RMB1 billion, and the company says it had repurchased about US$155.4 million of ADSs under its US$400 million buyback as of October 30, 2026.
AllianceBernstein
AllianceBernstein Launches Actively Managed AB Equity Premium Income ETF
AllianceBernstein launched AB Equity Premium Income ETF (INK) on the NASDAQ. The fund pairs S&P 500 exposure with a written covered call overlay to generate income, and the company notes that monthly distributions are not guaranteed and that the options strategy can limit gains in a sharply rising market.
Braemar Hotels & Resorts Inc.
BRAEMAR HOTELS & RESORTS ANNOUNCES CLOSING ON SALE OF FOUR SEASONS RESORT SCOTTSDALE
Braemar Hotels & Resorts closed the sale of the 210-room Four Seasons Resort Scottsdale for $372 million, or $1.8 million per key. The company says the proceeds will help fund fees owed to its external advisor and that it remains on track to become a self-managed REIT in mid-November.
ADP, Inc.
ADP National Employment Report: Private-Sector Employment Increased by 86,000 Jobs in October
ADP reported that US private employers added 86,000 jobs in October 2026, while professional and business services lost 27,000 jobs, the sector's third straight monthly decline. Median base pay rose 3.0% year over year for job-stayers and 4.8% for job-changers, and September's total was revised from 90,000 to 86,000.
Associated Banc-Corp
Associated Bank and Associated Bank Foundation commit $2.1 million across Nebraska and Council Bluffs, Iowa, carrying American National Bank's legacy forward
Associated Banc-Corp and the Associated Bank Foundation committed $2.1 million in Nebraska and Council Bluffs, Iowa, including $100,000 to The Salvation Army Western Division paid over four years starting in January 2027. The commitment follows the October 2026 completion of Associated's customer account conversion for American National Bank, an acquisition that closed April 1, 2026.
Alkami Technology, Inc.
Fidelity Bank Expands Relationship with Alkami by Launching MANTL Loan Origination
Alkami said Pennsylvania-based Fidelity Bank is live on MANTL Loan Origination and is originating personal and vehicle loans less than three months after kickoff. According to the companies, the bank replaced siloed legacy systems so that applications are handled through a single system across branch and digital channels.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Finance Private reporting.