Howard Hughes Holdings Inc. reported a third-quarter net loss attributable to common stockholders of $1.1 million, compared to net income of $119.5 million in the prior-year period. The company's insurance segment, Vantage, contributed $315.8 million in net earned premiums and $76.6 million in pre-tax income, driven by $50.9 million in investment gains. Real estate results included Master Planned Communities Earnings Before Taxes of $89.5 million and Total Operating Assets Net Operating Income of $73.0 million. The company also announced an intention to transition its real estate model to an asset-light development and asset management platform. Howard Hughes Holdings Inc. operates as a diversified holding company with principal subsidiaries in specialty insurance and master planned community real estate.
