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S&P Global Inc. (NYSE: SPGI) is a leading provider of essential financial intelligence, empowering governments, businesses, and individuals with the right data, expertise, and connected technology to make decisions confidently. As the largest of the Big Three credit rating agencies, S&P Global provides a wide array of services including credit ratings, benchmarks, analytics, and workflow solutions that cater to the global capital, commodity, and automotive markets.
S&P Global Ratings is renowned for its financial research and analysis on stocks, bonds, and commodities. This segment remains the largest credit rating agency worldwide and is pivotal to the company’s profitability. Another significant segment, Market Intelligence, offers desktop, data, and advisory solutions, primarily targeting the financial services industry with platforms like Capital IQ Pro. This division was recently bolstered by the acquisition of Visible Alpha, enhancing its investment research and analytics capabilities.
In addition to these core areas, S&P Global encompasses Commodity Insights (including Platts), Mobility (with Carfax), and Indices (featuring the S&P 500® and Dow Jones Industrial Average®). The company's commitment to innovation and market leadership is further demonstrated through its strategic partnerships and acquisitions, such as the integration with CarNow to enhance automotive data analytics and customer engagement.
Recent news highlights include the integration of DigitalOcean Holdings Inc. into the S&P SmallCap 600, the enhanced oil sands production outlook by S&P Global Commodity Insights, and the strategic partnership between automotiveMastermind and CarNow. Moreover, the company's surveys and reports, like the one conducted with AARP on adult caregiving, showcase its role in addressing contemporary societal challenges.
Visit S&P Global for more information on their offerings and insights.
The annual U.S. Property and Casualty (P&C) Insurance Performance Rankings by S&P Global Market Intelligence revealed that commercial insurers dominated the top spots among the 100-largest P&C carriers. Kinsale Capital Group led for the second year, with significant growth in premiums, assets, and policyholders' surplus. Arch Capital Group and FM Global Group secured the second and third positions, respectively. Commercial insurers excelled in earnings, underwriting profitability, and balance sheet expansion, despite a slowdown in direct premiums written. Only two personal lines carriers, Progressive and Berkshire Hathaway, made it into the top 50, driven by superior private auto insurance performance.
Nearly 2 million vehicles are back on U.S. roads after airbag deployments over the last two years, potentially increasing the risk of counterfeit airbags being installed, according to CARFAX data.
The National Highway Traffic Safety Administration (NHTSA) highlights the dangers of counterfeit airbags, noting they have resulted in 3 deaths and 2 severe injuries in the past nine months.
Ten states have reported over 40,000 such vehicles, with Texas leading at 206,000. Consumers are urged to verify the history of used vehicles and ensure airbag replacements are genuine.
NHTSA advises using trusted, reputable repair shops and checking Vehicle History Reports on CARFAX.com to mitigate risks.
S&P Global Market Intelligence has launched an enhanced Evaluated Loan Pricing solution, offering independent and transparent pricing for over 8,000 leveraged loans globally. This service provides expanded coverage, delivering single price points for both composite and evaluated loans.
The solution aims to support trading, valuations, and risk management, furnishing portfolio managers and traders with valuable insights to better understand holdings, track price movements, and compare loans with similar characteristics. It also assists risk managers in assessing portfolios and making informed decisions about holding or divesting positions.
Utilizing contributor-based pricing engines and sophisticated parsing technology, the service includes bid-offer pricing, analytics, and mapping for over 400,000 industry identifiers. With over twenty years of historical data, the product is accessible via a secure web interface and can be integrated into existing workflows.
S&P Global Commodity Insights has launched the world's first daily recycled lithium carbonate price assessments, covering spot market prices in China and North Asia. This launch addresses the growing demand for pricing transparency in the recycled battery supply chain. The assessment reflects battery-grade quality lithium carbonate at 99.5% purity. As global sustainability efforts intensify, the recycled lithium market is poised for significant growth, with end-of-life battery availability in China expected to reach 438 GWh by 2032, a compound annual growth rate of over 44%. The move complements S&P's existing suite of battery metals assessments and aims to offer comprehensive pricing solutions from upstream spodumene concentrate to downstream lithium chemicals.
S&P Dow Jones Indices reported a significant increase in U.S. common indicated dividend payments for Q2 2024, driven primarily by Alphabet's $9.3 billion dividend initiation. The net indicated dividend change rose by $16.0 billion, similar to Q1 2024 and significantly higher than Q2 2023's $4.3 billion. Despite this growth, Q2 2024's total common dividend increases ($20.4 billion) were down 10.0% from Q1 2024 but more than doubled Q2 2023's $9.8 billion. Dividend decreases also dropped to $4.4 billion, a 34.4% decline from Q1 2024. For the 12-month period ending June 2024, dividend increases were $78.7 billion, a 21.1% rise from the prior year, with decreases rising by 29.2% to $24.1 billion. The S&P 500 index marked a per-share dividend increase of 1.2% in Q2 2024, reaching $18.28, and an aggregate dividend payment of $153.4 billion. The quarter saw a notable 17.2% year-over-year increase in dividend initiations, while decreases significantly reduced by 67.7%.
S&P Global (NYSE: SPGI) will release its second quarter 2024 financial results on Tuesday, July 30, 2024, at 7:15 a.m. EDT.
A conference call and webcast will follow at 8:30 a.m. EDT, featuring President and CEO Douglas L. Peterson, Interim CFO Christopher Craig, and SVP of Investor Relations Mark Grant. Martina Cheung, President of S&P Global Ratings, will also join the call. Cheung has been appointed President and CEO of S&P Global effective November 1, 2024.
The announcement will be available on the company's website, www.spglobal.com.
S&P Global Ratings has announced Yann Le Pallec as the next President of S&P Global Ratings, effective November 1, 2024, succeeding Martina L. Cheung. Le Pallec, who is currently the Executive Managing Director and Head of Global Ratings Services, has been with the company since 1999 and has significant experience in credit markets, change management, and talent development. He currently oversees over 2,200 analysts and support staff across 28 countries. Martina L. Cheung will transition to President and CEO of S&P Global. Both current leaders, Cheung and Douglas L. Peterson, have expressed confidence in Le Pallec's ability to lead the ratings division successfully.
S&P Global (NYSE: SPGI) announces Martina L. Cheung as the next President and CEO, succeeding Douglas L. Peterson. Effective from November 1, 2024, Cheung will take the helm, with Peterson remaining as a special advisor until December 31, 2025. Cheung, currently President of S&P Global Ratings, brings extensive leadership experience, having driven significant revenue growth across various divisions. Under her leadership, S&P Global Ratings saw a 9% revenue increase in 2023. Cheung’s appointment follows a thorough succession process. Yann Le Pallec will succeed her as President of S&P Global Ratings. The company’s financial guidance remains unchanged.
S&P Global Ratings announced its participation in the Monetary Authority of Singapore's (MAS) Project Guardian on June 27, 2024. Project Guardian is a collaborative initiative aimed at enhancing financial market liquidity and efficiency through asset tokenization. By joining Project Guardian's industry group, S&P Global Ratings will work alongside other financial institutions to expand asset tokenization into capital markets.
The company will focus on the project's Fixed Income workstream, developing analytic frameworks, assessments, and benchmarks for digital assets and tokenized markets. Key executives, including Chief DeFi Officer Chuck Mounts and Digital Assets Analytical Lead Andrew O’Neill, emphasized the potential of digital bonds and tokenized treasuries to transform capital markets and the importance of robust risk mitigation.
S&P Global Commodity Insights, a division of S&P Global (NYSE: SPGI), has been chosen as a knowledge partner by the Energy Institute (EI) for the annual Statistical Review of World Energy. This partnership highlights S&P Global’s expertise in providing comprehensive data and insights on energy markets, including emerging sectors like hydrogen, carbon, and ammonia. The 73rd edition of the Statistical Review, released on June 20, 2024, reveals record global energy consumption driven by coal and oil, increased renewable electricity generation, and significant geopolitical impacts on gas markets due to the ongoing Ukraine conflict. The review also indicates a peak dependence on fossil fuels in advanced economies and accelerating renewable energy adoption in China. S&P Global's insights will help EI analyze key trends and provide an impartial source of data as global energy transitions continue to evolve.
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