FinanceDespite global uncertainties, US equities are thriving in 2026, fueled by robust economic data and strong corporate earnings. The labor market exceeds expectations, reinforcing a 'risk-on' sentiment. Communication services and information technology lead returns, while broad equity exposure remains a portfolio cornerstone, prompting a reevaluation of sector-specific strategies.
FinanceDeferred Acquisition Costs (DAC) in the insurance sector refer to an accounting methodology enabling companies to distribute customer acquisition expenses across the duration of an insurance contract. This practice facilitates the smoothing of earnings by circumventing substantial initial expenditures, thereby making financial outcomes more stable and predictable. The Financial Accounting Standards Board (FASB) guidelines, particularly ASU 2010-26, dictate how these costs are to be managed, emphasizing that only costs directly tied to successful new business placements can be deferred and recorded as an asset, which is then amortized over time.