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Morningstar, Inc. Reports First-Quarter 2024 Financial Results

Retrieved on:

星期三, 四月 24, 2024

With a strong start to 2024, we remain focused on our goal of generating durable, long-term growth."

Key Points:

With a strong start to 2024, we remain focused on our goal of generating durable, long-term growth."
The Company's quarterly shareholder letter provides more context on its quarterly results and business and can be found at shareholders.morningstar.com.
Adjusted operating margin was 20.4% in the first quarter of 2024, versus 10.8% in the prior-year period.
Adjusted diluted net income per share increased 208.9% to $1.73 in the first quarter of 2024, compared with $0.56 in the prior-year period.

Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2023 Financial Results

Retrieved on:

星期四, 二月 22, 2024

Cash flows were impacted by items described in the Balance Sheet and Capital Allocation section totaling $90.8 million.

Key Points:

Cash flows were impacted by items described in the Balance Sheet and Capital Allocation section totaling $90.8 million.
Adjusted operating income was $113.0 million in the fourth quarter of 2023, an increase of 70.2% compared with the prior-year period.
Free cash flow increased by 17.2% to $197.3 million for the full year 2023, compared with $168.3 million in the prior year.
Operating cash flow and free cash flow in 2023 were impacted by the termination of the Company's license agreement with Morningstar Japan K.K.

Morningstar, Inc. Reports Third-Quarter 2023 Financial Results

Retrieved on:

星期三, 十月 25, 2023

Starting with the Company's Form 10-Q for the quarter ended Sept. 30, 2023, the Company will begin to report multiple segments.

Key Points:

Starting with the Company's Form 10-Q for the quarter ended Sept. 30, 2023, the Company will begin to report multiple segments.
The Company's quarterly shareholder letter provides more context on its quarterly results and business and can be found at shareholders.morningstar.com.
Headcount as of Sept. 30, 2023 decreased 1.3% compared to Sept. 30, 2022, and 4.6% sequentially from June 30, 2023 to 11,566.
Going forward, the Company is also evaluating how best to communicate to investors under the new segment reporting framework in future press releases reporting financial results.

Eastern Bankshares, Inc. Announces Agreement to Sell the Insurance Operations of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. and Enters Into Definitive Agreement to Merge with Cambridge Bancorp

Retrieved on:

星期二, 九月 19, 2023

Upon closing, Denis Sheahan, Chairman, President and CEO of Cambridge, will become the CEO of Eastern and will join Eastern’s Board of Directors.

Key Points:

Upon closing, Denis Sheahan, Chairman, President and CEO of Cambridge, will become the CEO of Eastern and will join Eastern’s Board of Directors.
Sale of Eastern Insurance Group, LLC
Also today, Eastern announced that Eastern Insurance has entered into a definitive agreement to sell its insurance operations to Arthur J. Gallagher & Co., for approximately $510 million in cash consideration.
In connection with the sale, current leadership and employees of Eastern Insurance are expected to join Gallagher.
Regarding the Eastern Insurance transaction, Piper Sandler & Co. served as financial advisor and Nutter McClennen & Fish LLP provided legal counsel to Eastern.

Morningstar, Inc. Reports Second-Quarter 2023 Financial Results

Retrieved on:

星期五, 七月 28, 2023

The Company is introducing a quarterly shareholder letter to provide more context on its quarterly results and business, which can be found here .

Key Points:

The Company is introducing a quarterly shareholder letter to provide more context on its quarterly results and business, which can be found here .
Reported results included $4.0 million in severance costs related to reorganizations in certain areas of the business, excluding activities related to our China operations.
Adjusted operating margin was 13.8% in the second quarter of 2023, versus 15.6% in the prior-year period.
Cash provided by operating activities decreased 64.3% to $24.5 million for the second quarter of 2023, compared to the prior-year period.

State Street to Service abrdn’s First Actively Managed ETF In Europe

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星期三, 七月 26, 2023

Banking, Asset Management, Professional Services, Finance, ETF, STT, State Street Corporation, State Street, AUMA, Growth, Commercial, NYSE, Financial adviser, European

State Street Corporation (NYSE: STT) today announced that it has been appointed by abrdn to service its first actively managed exchange traded fund (ETF) in Europe.

Key Points:

State Street Corporation (NYSE: STT) today announced that it has been appointed by abrdn to service its first actively managed exchange traded fund (ETF) in Europe.
State Street has been working closely with abrdn to support the firm’s expansion into the European ETF market with the launch of the abrdn Global Real Estate Active Thematics UCITS ETF.
“State Street is extremely pleased to partner with abrdn on the launch the first of their new active ETF range in Europe, and we look forward to continuing to support the development of further products as abrdn builds its range of offerings in the region,” said Ciaran Fitzpatrick, head of ETF Solutions for State Street Europe.
Today State Street is the largest ETF administrator in the world with more than 2,700 ETFs serviced in 13 countries2 and provides fully integrated global ETF servicing capabilities.

Morningstar, Inc. Reports First-Quarter 2023 Financial Results

Retrieved on:

星期三, 四月 26, 2023

"We are managing the business cautiously during this period of economic uncertainty and have slowed our headcount growth significantly in 2023.

Key Points:

"We are managing the business cautiously during this period of economic uncertainty and have slowed our headcount growth significantly in 2023.
PitchBook, Morningstar Sustainalytics' license-based products, Morningstar Data, and Morningstar Direct, all provided meaningful contributions to growth in the quarter.
Adjusted operating margin was 10.8% in the first quarter of 2023, versus 18.1% in the prior-year period.
Cash provided by operating activities was relatively flat at $23.4 million for the first quarter of 2023, versus the prior-year period.

John Hancock Retirement launches prospect finder tool for financial professionals to help build scale and efficiency

Retrieved on:

星期二, 七月 26, 2022

United, Manulife, Trust, Gaps, Industry, FINRA, SIPC, Retirement, John Hancock, Multimedia, Participation, AUMA, Efficiency, Bank, Financial adviser

BOSTON, July 26, 2022 /PRNewswire/ - John Hancock Retirement, a company of Manulife Investment Management, today announced the launch of a prospect finder tool for financial professionals.

Key Points:

BOSTON, July 26, 2022 /PRNewswire/ - John Hancock Retirement, a company of Manulife Investment Management, today announced the launch of a prospect finder tool for financial professionals.
The tool is the latest innovation in John Hancock's suite of online tools for financial professionals to help add scale and efficiency to a retirement practice.
"We understand that more than a third of financial professionals feel that prospecting is the toughest part of business development," said Gary Tankersley, head of sales and distribution, John Hancock Retirement.
The prospect finder tool is accessible and integrated into a financial professional's personalized dashboard as part of our financial professional digital experience to help make plans work as efficiently as possible for both financial professionals and their clients."

John Hancock wholesalers again recognized among the top providers of defined contribution services

Retrieved on:

星期四, 六月 23, 2022

John Hancock, Retirement, Multimedia, SIPC, NAPA, Industry, Partnership, Manulife, Trust, Participation, LLC, AUMA, Solution, United, FINRA, National Association, Financial adviser, Publishing

For the fourth consecutive year, collectively, more John Hancock Retirement and John Hancock Investment Management DC wholesalers were named to the Top 100 list than from any other firm by retirement plan advisors.

Key Points:

For the fourth consecutive year, collectively, more John Hancock Retirement and John Hancock Investment Management DC wholesalers were named to the Top 100 list than from any other firm by retirement plan advisors.
"At John Hancock Retirement, we believe in the power of partnership," said Gary Tankersley, head of sales and distribution, John Hancock Retirement.
The John Hancock DC wholesalers named to NAPA's 2022 Advisor Allies list:
John Hancock Retirement is the U.S. retirement business of Manulife Investment Management.
John Hancock Investment Management Distributors LLC is the principal underwriter and wholesale distribution broker dealer for the John Hancock mutual funds.

New John Hancock Retirement report reveals surprising contradictions in how pandemic is affecting employees

Retrieved on:

星期二, 一月 11, 2022

BOSTON, Jan. 11, 2022 /PRNewswire/ -John Hancock Retirement, a company of Manulife Investment Management, today announced the results of its Stress, Finances, and Well-Being report, the eighth annual survey of its retirement plan participants.

Key Points:

BOSTON, Jan. 11, 2022 /PRNewswire/ -John Hancock Retirement, a company of Manulife Investment Management, today announced the results of its Stress, Finances, and Well-Being report, the eighth annual survey of its retirement plan participants.
This represents a chance for employers, financial professionals, and retirement providers to help retirement savers build a solid foundation for the future.
What's more, 80% of respondents said they wouldn't be likely to work for a company that doesn't offer a retirement plan.
John Hancock Retirement Plan Services LLC provides administrative and/or recordkeeping services to sponsors or administrators of retirement plans through an open-architecture platform.