credit / rates affecting interest expense
“These decreases were partially offset by an increase in interest expense on larger deposit balances at Nelnet Bank.”
NNI 10-Q
Confirmed
Life & Property Insurance
11 names are moving together; 64% are participating in the current session.
2 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| LNC | Lincoln National Corporation | Financial Services | +2.8% | Group member |
| VOYA | Voya Financial, Inc. | Financial Services | +1.4% | 3/5 observed active sessions |
| PRU | Prudential Financial, Inc. | Financial Services | +0.7% | 4/5 observed active sessions |
| BGC | BGC Group, Inc. | Financial Services | +1.8% | 2/5 observed active sessions |
| MET | MetLife, Inc. | Financial Services | +1.5% | 1/5 observed active sessions |
| NNI | Nelnet, Inc. | Financial Services | -1.3% | 2/5 observed active sessions |
| PFG | Principal Financial Group Inc | Financial Services | +1.2% | 2/5 observed active sessions |
| PRI | Primerica, Inc. | Financial Services | +1.8% | 5/5 observed active sessions |
| NAVI | Navient Corporation | Financial Services | +2.3% | Group member |
| PRAA | PRA Group, Inc. | Financial Services | -1.1% | Group member |
| CNO | CNO Financial Group, Inc. | Financial Services | +0.4% | 4/5 observed active sessions |
Why we believe this
Cohort
11 namesParticipation
64% this sessionObserved history
9 daily buildsFiling coverage
11/11 membersrestructuring
“During the second quarter 2025, the Company recognized a non-cash impairment charge of $3.3 million related to operating lease assets as a result of the Company consolidating office space. (b) Includes operating results of the Company's tax equity investments in renewable energy solar partnerships.”
NNI 10-Q
restructuring affecting expense
“These factors were partially offset by: • An increase in net income; • Adjustments to net income for certain non-cash items, including derivative market value adjustments, impairment expense, deferred taxes, and provision for loan losses; and • The impact of changes to other liabilities and accrued interest payable in 2025 compared with 2024.”
NNI 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
BLK
PFGsupplier · Not moving with the group now
Filing receipt · BLK / PFG
“For CMBS and non-agency RMBS, Blackrock Solutions undertakes the modeling of those NAIC designations.”
PFG · supplier
SOFI
NNIcustomer · Not moving with the group now
Filing receipt · SOFI / NNI
“Private education and consumer loan servicing 22,733 12,959 45,426 25,577 Increase was due to an increase in loan servicing volume from the conversion of Discover Financ…”
NNI · customer
EQH
PFGtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
BHF
CNOtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
UNM
METtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
History
2026-07-07 → 2026-07-103 observed active sessions · 28.6% of active names held across the episode
2026-07-01 → 2026-07-022 observed active sessions · 42.9% of active names held across the episode