Mount Logan Q2 loss widens on insurance investment losses
MLCI•Q2 results
- Canada asset manager and insurer's Q2 revenue fell 49% yr/yr, net loss widened
- Asset Management fee-related earnings fell, while Insurance Solutions spread-related earnings improved
- Company advanced insurance growth strategy, pending Yieldstreet asset deal expected to close in Q3
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Miss | $8.75 mln | $13.10 mln (1 Analyst) |
| Q2 Loss Per Share | $0.37 |
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the investment management & fund operators peer group is "hold"
- Wall Street's median 12-month price target for Mount Logan Capital Inc is $7.88, about 166% above its August 10 closing price of $2.96
Outlook and strategic initiatives
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Company expects Yieldstreet transaction to close in Q3 2026, estimated to increase FRE by $2.8 mln annually
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Company says AM Best B+ rating for Ability expected to support insurance growth strategy
