Finance & Banking · Week of Nov 2, 2026
Q3 earnings and shareholder returns: the week in finance releases
Third-quarter earnings from Allstate, MGIC and Autohome led a week that also brought buybacks, a debt refinancing, an ETF launch and a contested takeover.
Third-quarter results dominated the week, and capital returns were a consistent feature alongside them. Allstate reported net income applicable to common shareholders of $2.1 billion, down from $3.7 billion, which it attributes mainly to higher catastrophe losses. It returned about $1.5 billion to shareholders. MGIC Investment Corporation reported net income of $175.0 million and repurchased 5.1 million shares in the quarter. Autohome reported lower revenues and net income, approved a cash dividend of US$1.58 per ADS and continued a US$400 million buyback.
Outside earnings, Enova International plans a $600 million private offering of senior notes due 2031 to redeem its 11.25% notes due 2028, and AllianceBernstein listed an actively managed covered-call ETF on the NASDAQ. Curaleaf said its offer for Aurora Cannabis remains outstanding after Aurora announced a competing transaction from Organigram Global. ADP reported that US private employers added 86,000 jobs in October.

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, compared with $3,717 million a year earlier. Catastrophe losses rose to $1,650 million from $558 million and the combined ratio rose 6.5 points to 86.6, while the company returned about $1.5 billion to shareholders.
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 reaching $307.3 billion and losses incurred rising to $23.9 million from $10.9 million. The company repurchased 5.1 million shares for $152.5 million, agreed to terms for quota share reinsurance on 2028 and 2029 NIW, and declared a $0.17 dividend.
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 Autohome of RMB195.0 million, compared to RMB436.6 million. The board approved a cash dividend of US$1.58 per ADS totaling approximately RMB1 billion, and the company had repurchased about US$155.4 million of ADSs 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, an actively managed fund combining S&P 500 Index exposure with a written covered call option overlay. The company says the fund seeks monthly distributions but notes there is no guarantee they will be paid and that writing calls can limit gains in a sharply rising market.

Curaleaf Holdings, Inc.
Curaleaf Issues Statement Regarding Alternative Proposal for Aurora Cannabis
Curaleaf says its enhanced October 6, 2026 bid for all outstanding common shares of Aurora Cannabis remains outstanding after Aurora announced an alternative transaction from Organigram Global. Curaleaf argues its offer provides better value and says material details of the Organigram deal, including any break fee, have not been disclosed.

ADP, Inc.
ADP National Employment Report: Private-Sector Employment Increased by 86,000 Jobs in October
ADP reported that US private-sector employment increased by 86,000 jobs in October 2026, while professional and business services lost 27,000 jobs for a 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 figure was revised from 90,000 to 86,000.

Enova International, Inc.
ENOVA ANNOUNCES PRIVATE OFFERING OF $600 MILLION OF SENIOR NOTES DUE 2031
Enova International intends to offer $600 million of senior unsecured notes due 2031 in a private offering to qualified institutional buyers and certain non-US persons. It plans to use the proceeds to redeem all of its 11.25% senior notes due 2028 on December 15, 2026, with any remainder going to repay revolving credit borrowings.

1919 Investment Counsel, LLC
1919 Investment Counsel Expands Senior Client Advisory Team
1919 Investment Counsel, a Stifel Financial Corp. subsidiary, appointed James Russell Sugg, Jr. as Principal, Senior Client Advisor on its Birmingham team. The firm says it manages approximately $27.4 billion in assets as of September 30, 2026, and that Sugg previously practiced law for 17 years and served as a Senior Trust Advisor at Wachovia Trust and Sterne Agee.
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 Prime News Global reporting.