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Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company’s mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company’s lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket’s origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.

Based in Switzerland, Chubb Ltd. is a global specialty insurer and reinsurer. It is the largest publicly traded property casualty insurer in the world, operating in 54 countries and territories. With a market cap of approximately $113 billion, CB shares generally are regarded as large-cap value.

The major indices are lower at midday. The Russell 2000 is off 1%. The yield on the 10-year Treasury note is up 9 bps at 4.40%. Oil is flat at $68 per barrel. Bitcoin is down 1% but still over $86,000.

Mastercard is the second-largest payment processor in the world, having processed close to over $9 trillion in volume during 2023. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.