Finance & Banking · Week of Nov 2, 2026
Insurers and Opera report Q3 as home prices slip: the week in finance
Third-quarter results from insurers Hagerty and Kestrel and from Opera led the week, alongside softer home prices in Redfin's latest data.
Third-quarter reporting dominated the week. Hagerty says Adjusted EBITDA rose 64% to $97 million and raised its full-year 2026 outlook, while fellow fronting-model insurer Kestrel Group reported a $16.4 million net loss as fee income in its Program Services segment rose 203%. Opera released preliminary figures showing revenue of $182.8 million, at the top of its guidance range, ahead of full results on November 17.
Outside earnings, Redfin says U.S. home-sale prices fell year over year for a third straight week and pending sales reached the lowest level in its records dating back to 2021. Hyperscale Data updated its Bitcoin and cash holdings, and AMBR and HashKey Capital announced a partnership on AI agents in finance. Associated Banc-Corp made a $2.1 million community commitment after its American National Bank conversion, and 1919 Investment Counsel added a senior client advisor.
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. It raised full-year guidance to Net Income of $48 million–$60 million and Adjusted EBITDA of $305 million–$315 million, while Total Revenue fell 9% to $354 million, which the company attributes to the Markel Fronting Arrangement transition.
Kestrel Group Ltd
Kestrel Group Reports Third Quarter 2026 Financial Results
Kestrel Group reported a third-quarter 2026 net loss of $16.4 million, or $2.09 per share, on total revenues of $4.8 million, as Program Services fee income rose 203% to $2.9 million. Its Legacy Reinsurance segment posted a $6.4 million underwriting loss, book value per share fell to $12.44 from $16.57 at December 31, 2025, and the company says it is targeting about $5 million in annualized run-rate expense savings.
Hyperscale Data Inc.
Hyperscale Data Held Approximately $50.6 Million of Bitcoin, Cash and Restricted Cash as of November 1, 2026
Hyperscale Data said it held approximately $50.6 million in Bitcoin, cash and restricted cash as of November 1, 2026, including 211.4639 Bitcoin valued at about $16.5 million. The company says it is targeting December 2026 to energize the initial 10 megawatts of critical IT capacity at its Michigan AI data center, and expects the divestiture of Ault Capital Group, Inc. in 2027.
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 announced a $2.1 million commitment in Nebraska and Council Bluffs, Iowa, including $100,000 for The Salvation Army Western Division paid over four years from January 2027. The commitment follows the completion in October 2026 of the customer account conversion from its American National Bank acquisition, which closed April 1, 2026.
AMBR
HashKey Capital Joins AMBR in Accelerating AI Agent Integration Across Financial Services
AMBR and HashKey Capital announced a strategic partnership at Hong Kong FinTech Week to explore AI agent use in investment research, operational automation and institutional client services. The firms describe it as a preliminary milestone, and AMBR says it is its first major partnership following its business transformation.
Opera Limited
Opera Announces Strong User Trajectory and Q3 Results at the Top End of Guidance
Opera said preliminary Q3 2026 revenue was $182.8 million, up 20% year-over-year, and Adjusted EBITDA was $43.2 million, above the high end of guidance, with IFRS net income of $27.6 million. Desktop monthly active users reached 100 million in October, and full results are due before market open on November 17, 2026.
1919 Investment Counsel, LLC
1919 Investment Counsel Expands Senior Client Advisory Team
1919 Investment Counsel, a subsidiary of Stifel Financial Corp., appointed James Russell Sugg, Jr. as Principal, Senior Client Advisor, based in North Carolina and serving on the Birmingham team. The firm says it managed approximately $27.4 billion in assets as of September 30, 2026.
Redfin
Redfin Reports Homebuyers Get Some Relief as Prices Decline for Third Straight Week, Monthly Payments Dip
Redfin reported a median U.S. home-sale price of $388,604 in the four weeks ending Nov. 1, 2026, down 0.4% year over year, the third straight weekly decline. The median monthly mortgage payment fell to a five-week low of $2,777, and pending sales dropped to the lowest level in Redfin's records dating back to 2021, which Redfin says may give buyers room to negotiate.
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 Business News Talks reporting.