Howard Hughes closes $2.1B Vantage acquisition; Vantage 2025 net income $197M, premiums $1.04B

Howard Hughes Holdings Inc.

Acquisition of Vantage for $2.1B cash closed June 4, 2026; financed with cash and $1B Pershing Square preferred equity.
Vantage 2025 net earned premiums $1.035B, net income $197M, total assets $4.86B, equity $1.4B.
Vantage 2024 net earned premiums $798M, net income $97M, total assets $3.83B.
Pro forma combined financials filed; Vantage adds property/casualty and specialty (re)insurance operations.
Vantage operates through Bermuda and US subsidiaries; majority owned by Carlyle and H&F prior to acquisition.

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