SHARPE
Reported results
- Net earnings attributable to common shareholders for the third quarter of 2026 were $736 million, or $5.48 per diluted share, compared to $114 million, or $0.85 per share, for the third quarter of 2025.
- Non-GAAP adjusted net earnings attributable to common shareholders for the third quarter of 2026 were $96 million, or $0.74 per share, compared to $165 million, or $1.22 per share, for the third quarter of 2025.
- Non-GAAP assets under management (AUM) before reinsurance reached $76,232 million as of September 30, 2026, an increase of 7% over the third quarter of 2025.
- Gross sales were $3,000 million for the third quarter of 2026, compared with $4,238 million for the third quarter of 2025.
- Net sales were $1,405 million for the third quarter of 2026, compared with $2,800 million for the third quarter of 2025.
- Non-GAAP book value per common share, excluding AOCI, was $51.37 as of September 30, 2026, compared to $44.07 as of September 30, 2025.
Price and volatility reaction
The stock moved +7.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -3.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 21.68 | 2026-11-05 |
| Close after release | 23.38 | 2026-11-06 |
| Realised move | +7.8% | close to close |
| 30d ATM IV change | -3.3 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.