SHARPE
Reported results
- 3Q26 earnings per share (EPS) was $1.33 on a GAAP basis.
- 3Q26 Adjusted loss per share was $0.70.
- 3Q26 Insurance segment GAAP benefit ratio was 93.7 percent.
- 3Q26 GAAP consolidated income before income taxes and equity in net losses was $216 million, compared to an Adjusted (non-GAAP) consolidated pretax loss of $104 million.
- YTD 2026 EPS was $16.84 on a GAAP basis and $17.17 on an Adjusted basis.
Guidance
- Revises FY 2026 GAAP EPS guidance to ‘at least $15.09’, up from the previous estimate of ‘at least $6.52’.
- Raises FY 2026 Adjusted EPS guidance to ‘at least $9.50’, up from the previous expectation of ‘at least $9.00’.
Price and volatility reaction
The stock moved +5.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -9.5 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 411.79 | 2026-11-05 |
| Close after release | 433.74 | 2026-11-06 |
| Realised move | +5.3% | close to close |
| 30d ATM IV change | -9.5 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 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.