AGP Executive Report
Last update: 8 hours agoCompany Results: Miami-based Tecnoglass posted record third-quarter revenue of $310.6 million, up 19.2% year over year, and a record $1.43 billion backlog. Mortgage servicer Onity returned to profitability, with $30 million in adjusted pretax income and a $343 billion servicing portfolio. Property Taxes: Florida voters approved Amendment 3’s expanded homestead exemption, promising homeowner savings but putting local budgets under pressure; Jacksonville could face a shortfall of up to $200 million. Utilities & Insurance: Hearings have begun on Florida-based NextEra Energy’s proposed $67 billion merger with Dominion, while Duke Energy Florida says customer rates will drop in 2027. Florida insurer American Coastal reported third-quarter gross written premiums of $74.1 million.
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