Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Assuming the tariffs as they've been announced remain in place and are largely passed through, we'd expect somewhere around a mid-single-digit increase to PI auto severity.
We're closely watching the daily changes in trade and tariff policy.
We are now subject to 25% tariff cost, which totals an estimated $400 to $425 million annually.
The basis for our full year guide had anticipated some choppiness in the first half of the year tied to the rollout of tariffs.
the allowance this quarter also included some incremental qualitative reserves to reflect increased tariff-induced macroeconomic uncertainty.
We're looking at the credit portfolio. You know, working through, making sure we understand potential tariff impact.
We are closely monitoring the potential impact on the prices we would pay for aircraft.
we would have raised our expectations for 2025. Instead, we are electing to maintain earnings guidance as there are no policy conclusions right now to plan differently
the impacts of tariffs and related policies contribute to a wait-and-see mindset among many.
We recognize there are a lot of questions right now about how tariffs may impact the market.