Finance & Banking · Week of Nov 2, 2026
Q3 results and dividends lead the week in finance releases
Third-quarter results from insurers, lenders and REITs led the week, alongside asset sales, a contested cannabis takeover and new capital vehicles.
Third-quarter earnings dominated the week. Hagerty raised its full-year 2026 Net Income and Adjusted EBITDA outlook, while Sun Life Financial reported higher underlying net income but a 29% drop in reported net income and raised its dividend. Nuveen Churchill Direct Lending Corp. and Community Healthcare Trust also reported results and declared distributions, with Community Healthcare Trust holding its dividend at $0.33 per share. Shareholder returns were a recurring element, from dividend increases and declarations to NCDL's share repurchases.
Outside earnings, several companies reshaped capital and ownership. Braemar Hotels & Resorts closed the $372 million sale of the Four Seasons Resort Scottsdale ahead of a planned move to self-management, and Curaleaf said its offer for Aurora Cannabis remains outstanding despite a competing Organigram proposal. In insurance and asset management, Aon and funds managed by Blackstone launched a Lloyd's reinsurance syndicate, and AllianceBernstein listed an actively managed covered call ETF.
Hagerty
Hagerty Reports Third Quarter 2026 Results; Increases 2026 Growth Outlook
Hagerty reported third quarter 2026 Net Income of $36 million and Adjusted EBITDA of $97 million, up 64% year-over-year, and raised full-year guidance to Net Income of $48 million–$60 million and Adjusted EBITDA of $305 million–$315 million. The company attributes a 9% fall in Total Revenue to $354 million to the transition to the Markel Fronting Arrangement, which also brought $36 million of pre-tax transitional costs in the quarter.
Sun Life Financial Inc. - Financial News
Sunlife Reports Third Quarter 2026 Results
Sun Life Financial reported underlying net income of $1,146 million for the third quarter of 2026, up 9%, while reported net income fell 29% to $785 million, and raised its common share dividend from $0.96 to $1.00. The company cited unfavourable interest rate impacts and charges tied to GreenOak and Bell Partners Inc. for the reported decline, and Sun Life Asset Management recorded net outflows of US$22.8 billion, driven by MFS.
Nuveen Churchill Direct Lending Corp.
Nuveen Churchill Direct Lending Corp. Announces
Nuveen Churchill Direct Lending Corp. reported third quarter 2026 net investment income of $0.38 per share and NAV of $17.13 per share, down from $17.19 as of June 30, 2026. It declared a fourth quarter distribution of $0.38 per share and says it repurchased 278,294 shares for approximately $3.0 million from October 1 through October 30, 2026.
Community Healthcare Trust Incorporated
Community Healthcare Trust Announces Results for the Three Months Ended September 30, 2026
Community Healthcare Trust reported net income of about $3.1 million, or $0.09 per diluted share, and FFO of $0.54 per diluted share for the quarter ended September 30, 2026, and kept its quarterly dividend at $0.33 per share. The company says it has completed $32.3 million in property dispositions since the close of the second quarter and has four properties under definitive purchase agreements totaling about $99.0 million.
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 or at a stable rate, and that writing call options 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, which it says represents a 5.8% capitalization rate and an unlevered return of approximately 15%. The company expects the proceeds to fund remaining fees owed to its external advisor and says it remains on track to become a self-managed REIT in mid-November.
Curaleaf Holdings, Inc.
Curaleaf Issues Statement Regarding Alternative Proposal for Aurora Cannabis
Curaleaf says its enhanced October 6, 2026 offer for all outstanding common shares of Aurora Cannabis remains outstanding after Aurora announced an alternative transaction from Organigram Global Inc. Curaleaf argues its offer provides better value and says material details of the Organigram deal, including any break fee and investor rights for BAT, have not been disclosed.
Aon plc
Aon and funds managed by Blackstone launch Cortina, a new Lloyd's syndicate offering efficient, long-term capital to reinsurance clients
Aon and funds managed by Blackstone launched Cortina syndicate 1956, a Lloyd's syndicate with QBE as Managing Agent that will provide following reinsurance capacity on eligible treaties arranged by Aon, with underwriting planned from 1 January 2027 subject to final Lloyd's approval. The companies say Cortina will write three percent of eligible property catastrophe excess-of-loss treaties and five percent of other eligible treaties, with participating clients receiving a dividend.
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 Economy Life reporting.