Allshores Ltd has reported resilient operating performance in the third quarter of 2025 and announced an increase in its quarterly dividend.

In a trading update, the BSX-listed financial services group said results across its core businesses were broadly in line with expectations, supported by strong investment income and steady insurance performance.

After BF&M and Argus merged earlier this year, the new company rebranded as Allshores.

Investment income was modestly ahead of the prior year, driven by higher interest income and favourable market fair value gains.

The company said investment markets had remained buoyant year to date, though it warned that volatility risks remain heading into 2026.

As a result, Allshores said its portfolios have a diversified mix of asset classes, with a strong emphasis on liquid, investment-grade fixed income.

The pensions business performed well during the quarter, benefiting from market growth in underlying assets under management. Allshores noted that Bermuda pension fee caps are expected to be implemented in early 2026.

The company also announced enhancements to its Guaranteed Interest Account product from December 1, which it expects will improve client returns and make internal operations more efficient.

In health insurance, claims experience remained stable overall. Moderation in prescription, dental and speciality health costs was partly offset by higher major medical claims. The company said its reinsurance programme continued to play a key role in managing volatility, keeping results in line with expectations. Management actions taken earlier in the year following the company’s amalgamation have also helped improve service delivery and moderate claims costs, it added.

In Bermuda, Allshores said it continues to invest in its medical practices, with a new health centre scheduled to open in central Hamilton in early 2026.

In property and casualty insurance, competitive pressures affected rates in the Caribbean and Europe, while Bermuda performance remained stable. The company said it is reviewing its Caribbean portfolio and may rationalise operations where margins fall below medium-term expectations.