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    Andrew Stein • FT Partners

    Andrew Stein's questions to Fair Isaac Corp (FICO) leadership

    Andrew Stein's questions to Fair Isaac Corp (FICO) leadership • Q4 2024

    Question

    Andrew Stein from FT Partners asked for color on mortgage score volume trends during the brief period in late September when 30-year mortgage rates dipped closer to 6%.

    Answer

    CFO Steven Weber directed the questioner to public MBA data as the best real-time source for mortgage application trends. He acknowledged that FICO observed some volume upticks when rates fell but noted it was difficult to draw a definitive trend from the short-term fluctuation, reinforcing the company's conservative approach to guidance.

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    Andrew Stein's questions to Lemonade Inc (LMND) leadership

    Andrew Stein's questions to Lemonade Inc (LMND) leadership • Q3 2024

    Question

    Andrew Stein asked for the relative impact of diversification, partner placements, and non-renewals on the gross loss ratio improvement and where the most future opportunity lies. He also inquired about the progress of upselling renters policyholders to auto insurance.

    Answer

    CFO Timothy Bixby and President Shai Wininger responded that there was no single driver, but home non-renewals were a significant factor. Wininger stressed that loss ratios improved across all products and geographies, highlighting a dramatic drop in the car loss ratio. He added that the company had been withholding auto cross-sells until the product's profitability improved and is now beginning to test these initiatives, with more details to come at the Investor Day.

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    Andrew Stein's questions to Robinhood Markets Inc (HOOD) leadership

    Andrew Stein's questions to Robinhood Markets Inc (HOOD) leadership • Q3 2024

    Question

    Andrew Stein asked about the deposit trends resulting from recent promotional offers and inquired about the company's ongoing strategy for deposit bonuses.

    Answer

    CFO Jason Warnick stated that the company is very pleased with deposit matches, as customers respond well. He detailed strong payback periods of around one year for 1% matches and two-to-three years for 3% retirement matches. He highlighted the success of a recent two-week 'Hood Week' promotion, which brought in $2 billion in transfers, reinforcing the strategy's effectiveness and long-term compounding benefits.

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    Andrew Stein's questions to Equifax Inc (EFX) leadership

    Andrew Stein's questions to Equifax Inc (EFX) leadership • Q3 2024

    Question

    Andrew Stein of FT Partners asked for an update on the organic growth trends for the Boa Vista acquisition versus the rest of Latin America and its current market share. He also inquired about the remaining potential for margin expansion in Europe and Latin America as cloud transformations are completed.

    Answer

    CEO Mark Begor expressed excitement about Boa Vista's performance and expects future share gains, but noted it is too early to quantify them just 12 months post-acquisition. CFO John Gamble stated that international margins are expected to continue expanding, driven by strong revenue growth and cost benefits from ongoing cloud completions in the U.K., Australia, and parts of Latin America through 2025 and 2026.

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