Natural Disasters – Page 555

MIL-OSI Australia: Taskforce Reprisal continues to target offenders

Source: Tasmania Police

Taskforce Reprisal continues to target offenders

Wednesday, 19 February 2025 – 10:39 am.

Tasmania Police’s Taskforce Reprisal continues to target those offenders causing the most harm to the community.
Acting Sergeant Katie Swift, says “the Taskforce has one clear objective, to deal with as many repeat offenders as possible.”
“There is a small cohort of people within our community who continue to do the wrong thing.”
“Yesterday, the Taskforce apprehended ten repeat offenders for offences including stealing, common assault, breach of bail, destroy property, fail to comply with the direction of a police officer, unlawfully setting fire to property, unlawful possession of property, drug offences and failing to appear in court.”
“Over $1,000 in stolen property was recovered during one arrest.”
“Our goal is to target these repeat offenders, and when necessary, reasonable and authorised by law, put them before the court.”
“Since the Taskforce commenced a week ago, 23 people have been apprehended, with over 48 charges being laid.”
“The taskforce is continuing” she said.
Anyone who witnesses illegal or anti-social behaviour should report it to police on 131 444, or Triple Zero (000) in an emergency.
Information can also be provided to Crime Stoppers at crimestopperstas.com.au, and you can stay anonymous.
Yesterday’s apprehensions:

43-year-old Lenah Valley man for stealing.
53-year-old Moonah woman for failing to appear
40-year-old New Norfolk man for stealing, unlawful possession of property and possess thing used to administer a controlled drug
58-year-old Margate man for failing to appear
14-year-old girl for common assault, breach of bail and destroy property
14-year-old girl for fail to comply with the direction of a police officer, unlawfully setting fire to property and unlawful possession of property
13-year-old girl for fail to comply with the direction of a police officer, unlawfully setting fire to property and unlawful possession of property
40-year-old New Norfolk man for stealing and unlawful possession of property
16-year-old girl for stealing
14-year-old girl for unlawful possession of property.

MIL OSI News –

February 19, 2025

MIL-OSI Security: Seven Chilean Nationals Charged Following Nationwide Burglaries Of Several Professional Athletes

Source: Office of United States Attorneys

Tampa, Florida – Acting United States Attorney Sara C. Sweeney announces the unsealing of a criminal complaint charging Pablo Zuniga Cartes (24, Chile), Ignacio Zuniga Cartes (20, Chile), Bastian Jimenez Freraut (27, Chile), Jordan Quiroga Sanchez (22, Chile), Bastian Orellano Morales (23, Chile), Alexander Huiaguil Chavez (24, Chile), and Sergio Ortega Cabello (38, Chile) with conspiracy to commit interstate transportation of stolen property. If convicted, each faces a maximum penalty of 10 years in federal prison.

According to the complaint, the individuals were members of a South American Theft Group that burglarized the homes of professional athletes around the country. These individuals targeted high-profile athletes in the National Football League (“NFL”) and National Basketball Association (“NBA”), all of whom were away or playing in professional games at the times of the burglaries. These individuals stole valuables worth over $2 million.

On October 5 and 7, 2024, in the Kansas City area, the homes of two Kansas City Chiefs football players were burglarized and jewelry, watches, cash, and other luxury merchandise was taken. The October 7 burglary occurred while the team played in Kansas City, Missouri.

As detailed in the complaint, in Tampa on October 21, 2024, the home of a Tampa Bay Buccaneers player was burglarized while the team played in Tampa. Jewelry, designer watches, a luxury suitcase, and a firearm were stolen.

On November 2, 2024, the Wisconsin home of a Milwaukee Bucks player was burglarized during a game in Milwaukee. A safe containing several watches, chains, personal items, jewelry, and cash was stolen, along with a designer suitcase and designer bags. The total value of property stolen was approximately $1.484 million.

The below photograph depicts Pablo Zuniga Cartes, Ignacio Zuniga Cartes, Bastian Jimenez Freraut, and a fourth individual posing with the stolen safe and jewelry taken shortly after the theft:

On December 9, 2024, the Cincinnati home of a Cincinnati Bengals player was burglarized while the team played Arlington, Texas. Designer luggage, glasses, watches, and jewelry valued at about $300,000 was stolen. Sergio Ortega Cabello rented a vehicle used in the burglary.

Between the late afternoon on December 19, 2024, and the early morning of December 20, 2024, the Tennessee home of a Memphis Grizzlies player was burglarized while the team played in Memphis, Tennessee. Jewelry, watches, and luxury bags valued at about $1 million were stolen.

A complaint is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

This case was investigated by the Federal Bureau of Investigation and the Hillsborough County Sheriff’s Office, with assistance from Homeland Security Investigations, United States Customs and Border Patrol, the Ohio Bureau of Criminal Investigation, the Hamilton County (Tennessee) Sheriff’s Office, the Shelby County (Tennessee) Sheriff’s Office, the Dallas (Texas) Police Department, the Indian Hill (Ohio) Police Department, the Leawood (Kansas) Police Department, the River Hills (Wisconsin) Police Department.

This case is part of an Organized Crime Drug Enforcement Task Force (OCDETF) investigation. The principal mission of the OCDETF program is to identify, disrupt, and dismantle the most serious transnational criminal organizations. It is being prosecuted by Assistant United States Attorneys Dan Baeza and Special Assistant United States Attorney Ashley Haynes.

MIL Security OSI –

February 19, 2025

MIL-OSI Security: 52-Month Prison Sentence for a D.C. Convicted Felon Who Traveled to the Jersey Shore to Rob an Overnight Pharmacy

Source: Office of United States Attorneys

WASHINGTON – Ashawntea Henderson, 32, of Washington, D.C., was sentenced today in U.S. District Court in Washington D.C. to 52 months in federal prison for participating in an early morning robbery of a drug store at the Jersey Shore. During the May 2020 robbery, he and his co-conspirators jumped the counter, overpowered the night pharmacist, stole thousands of prescription narcotics, and then – as they attempted to flee to the District – crashed into a responding police cruiser.

The sentencing was announced U.S. Attorney Edward R. Martin, FBI Special Agent in Charge Sean Ryan of the Washington Field Office Criminal and Cyber Division, and FBI Special Agent in Charge Brian Driscoll of the Newark Field Office.

Henderson pleaded guilty on October 30, 2024, to interference of commerce by robbery (Hobbs Act robbery). In addition to the 52-month prison sentence, Judge Amy Berman Jackson ordered Henderson to serve three years of supervised release.

According to court documents, Henderson and his co-conspirators researched potential targets including Walgreens and CVS pharmacies which were open all night. On May 9, 2020, Henderson and others drove more than 200 miles from Washington, D.C. to a Walgreens Pharmacy on State Road 33, in Neptune, New Jersey.

At 3:09 a.m., Henderson and two others dressed in masks and gloves entered the Walgreens. All three jumped over the pharmacy counter and demanded codeine, Adderall, and Percocet. One of the co-conspirators grabbed the night pharmacist, demanded that he open the locked cabinets containing additional pills, and forced the pharmacist to assist them. After grabbing thousands of prescription medicines – including Oxycodone, morphine, amphetamine, and Nucynta – Henderson and the two co-conspirators fled in a black Nissan Altima operated by a fourth co-conspirator. At one point, the Nissan collided with a responding police officer’s patrol car but continued at high speed back to Washington D.C.

After returning to the District, as they celebrated at a hotel, one of the co-conspirators received a text from a known drug distributor asking the price for a drug of the same type stolen from Neptune, New Jersey. The co-conspirator and the drug distributor continued to exchange texts about the sale of drugs for the following weeks.

Henderson is currently serving a five-year prison sentence in Maryland in connection with his 2022 possession of a firearm.

The case was investigated by the FBI Washington Field Office’s Violent Crimes Task Force and the Neptune Township Police Department. The matter is being prosecuted by AUSAs Justin Song, Sarah Martin and Cameron Tepfer.

23cr190

MIL Security OSI –

February 19, 2025

MIL-OSI Security: Operation Smoke and Mirrors Update: Charleston Man Sentenced to 14 Years in Prison for Role in Methamphetamine Trafficking Organization

Source: Office of United States Attorneys

CHARLESTON, W.Va. – Tres Avery Davis, 36, of Charleston, was sentenced today to 14 years in prison, to be followed by four years of supervised release, for possession with intent to distribute 40 grams or more of a mixture and substance containing fentanyl. Davis admitted to his role in a drug trafficking organization (DTO) that operated in the Charleston area.

According to court documents and statements made in court, on March 7, 2023, Davis delivered approximately 2,000 blue pills containing fentanyl to a Kemp Avenue residence in Charleston. Law enforcement seized the pills at the residence on March 9, 2023. Davis admitted that he intended to distribute at least some of these pills to other people.

Davis is among 31 defendants convicted of federal crimes as a result of Operation Smoke and Mirrors, a major drug trafficking investigation that has yielded the largest methamphetamine seizure in West Virginia history. Law enforcement seized well over 400 pounds of methamphetamine as well as 40 pounds of cocaine, 3 pounds of fentanyl, 19 firearms and $935,000 in cash.

Davis dealt directly with a fentanyl supplier and personally acquired fentanyl pills for redistribution as part of his role in the DTO. Davis also recruited a co-conspirator to act as a courier to transport fentanyl pills from Columbus, Ohio, to Charleston, West Virginia.

Davis also distributed methamphetamine as part of his role in the DTO. He was responsible for 1.5 pounds of methamphetamine that were seized from a location in Charleston, and performed several methamphetamine transactions during the course of the investigation. Davis admitted that he sold methamphetamine in one-half pound to one pound quantities.

Davis has a long criminal history that includes more than a dozen prior convictions for such offenses as being a prohibited person in possession of a firearm, distribution of cocaine base, possession of a controlled substance, and domestic battery.

Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), the U.S. Department of Homeland Security-Homeland Security Investigations (HSI), the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the U.S. Postal Inspection Service, the Metropolitan Drug Enforcement Network Team (MDENT), the West Virginia State Police, the West Virginia National Guard Counter Drug program, the Kanawha County Sheriff’s Office, the Charleston Police Department, the Putnam County Sheriff’s Office and the Raleigh County Sheriff’s Office. MDENT is composed of the Charleston Police Department, the Kanawha County Sheriff’s Office, the Putnam County Sheriff’s Office, the Nitro Police Department, the St. Albans Police Department and the South Charleston Police Department..

United States District Judge Thomas E. Johnston imposed the sentence. Assistant United States Attorney Jeremy B. Wolfe prosecuted the case.

The investigation was part of the Department of Justice’s Organized Crime Drug Enforcement Task Force (OCDETF). The program was established in 1982 to conduct comprehensive, multilevel attacks on major drug trafficking and money laundering organizations and is the keystone of the Department of Justice’s drug reduction strategy. OCDETF combines the resources and expertise of its member federal agencies in cooperation with state and local law enforcement. The principal mission of the OCDETF program is to identify, disrupt and dismantle the most serious drug trafficking organizations, transnational criminal organizations and money laundering organizations that present a significant threat to the public safety, economic, or national security of the United States.

A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:23-cr-31.

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MIL Security OSI –

February 19, 2025

MIL-OSI Security: Federal felon pleads guilty to committing drug and gun crimes while still on supervised release

Source: Office of United States Attorneys

Seattle – A federal felon, still on supervision for a 2012 conviction, pleaded guilty today in U.S. District Court in Seattle to four federal felonies concerning drug and gun crimes, announced Acting U.S. Attorney Teal Luthy Miller. Barry Tremain, 58, of Gold Bar, Washington, was found with guns and drugs on two different occasions in May 2024. U.S. District Judge Jamal N. Whitehead scheduled Tremain’s sentencing for May 22, 2025.

According to records filed in the case, on May 7, 2024, Snohomish County Sheriff’s Deputies attempted to stop a vehicle Tremain was driving for a traffic violation. Tremain attempted to flee but was apprehended. Officers found Tremain with methamphetamine, scales, and $16,000 cash. In the car deputies found a 9mm handgun and additional methamphetamine, cocaine, fentanyl, and three cell phones. Tremain was taken into local custody and released a short time later.

Tremain was on supervision for a 2012 conviction for drug and firearms crimes, so federal probation visited Tremain’s Gold Bar residence on May 15, 2024. Tremain was found to have a .44 caliber revolver and additional methamphetamine. He had a drug ledger and more than $10,000 in cash.

Tremain pleaded guilty today to two counts of possession of controlled substances with intent to distribute, and two counts of unlawful possession of a firearm. Tremain is prohibited from possessing firearms due to 2012 convictions for three counts of distribution of heroin, being a felon in possession of a firearm, possession of a firearm in furtherance of drug trafficking, possession of heroin with intent to distribute and possession of methamphetamine with intent to distribute.

The drug charges are punishable by up to 40 years in prison and the gun charges are punishable by up to 15 years in prison. The actual sentence will be determined by Judge Whitehead after considering the sentencing guidelines and other factors.

The case was investigated by the Snohomish County Sheriff’s Office and U.S. Probation.

The case was prosecuted by Assistant United States Attorney Stephen Hobbs.

MIL Security OSI –

February 19, 2025

MIL-OSI Security: Leader Of One Of Newark’s Largest Open-Air Drug Markets And Last Of 26 Defendants Sentenced To 168 Months’ Imprisonment

Source: Office of United States Attorneys

NEWARK, N.J. – a Newark, New Jersey man was sentenced today for his role as the leader of an expansive drug trafficking organization that distributed significant quantities of drugs and used firearms to protect their drug operation in Newark, New Jersey, Acting U.S. Attorney Vikas Khanna announced.

Shaheed Blake, a/k/a “Sha Gotti,” a/k/a “Sha,” a/k/a “Bruh,” 41, was sentenced to 168 months’ imprisonment followed by 5 years’ supervised release by U.S. District Judge Evelyn Padin in Newark, New Jersey. He was the last among his 25 co-defendants to be sentenced in the U.S. District Court for the District of New Jersey in Newark.

Blake’s 25 conspirators were previously sentenced as follows:

Anderson Hutchinson was sentenced to 168 months’ imprisonment;
Jabaar Blake was sentenced to 163 months’ imprisonment;
Jason Colon was sentenced to 144 months’ imprisonment;
Keyenn Rodgers was sentenced to 150 months’ imprisonment;
William Teal was sentenced to 132 months’ imprisonment;
Brian White was sentenced to 120 months’ imprisonment;
Todd Garrett was sentenced to 84 months’ imprisonment;
Anthony Bowens was sentenced to 88 months’ imprisonment;
Dorrell Blake was sentenced to 84 months’ imprisonment;
Daquan Lockhart was sentenced to 90 months’ imprisonment;
Aldoray McClain was sentenced to 72 months’ imprisonment;
Sharif Davis was sentenced to 72 months’ imprisonment;
Roger Thomas was sentenced to 70 months’ imprisonment;
Lamont Pugh was sentenced to 60 months’ imprisonment;
David Rogers was sentenced to 60 months’ imprisonment;
Hanif Yarrell was sentenced to 60 months’ imprisonment;
Aaron Watson was sentenced to 60 months’ imprisonment;
Marquise O’Neal was sentenced to 60 months’ imprisonment;
Jaleel Metz was sentenced to 66 months’ imprisonment;
Bernard Brown was sentenced to 60 months’ imprisonment;
Jesse Scott was sentenced to 60 months’ imprisonment;
Rasheem Langley was sentenced to 60 months’ imprisonment;
Shadesasha Ford was sentenced to 60 months’ imprisonment;
Linwood Lyles was sentenced to 42 months’ imprisonment; and
Andrew Knox was sentenced to 30 months’ imprisonment.

This case was the result of a long-running wiretap investigation led by the Bureau of Alcohol, Tobacco, Firearms, and Explosives and the U.S. Attorney’s Office and the Newark Police Department.

According to the documents filed in this case and statements made in court:

Defendants were members and associates of a Bloods-affiliated gang that called itself the “CKarter Boys,” a play on “the Carter”—the name of the drug distribution building in the 1991 film New Jack City. As Bloods members, the CKarter Boys used the letters “CK” to signify “Crip Killer,” a sign of disrespect to their rival street gang, the Crips.

The investigation revealed that the organization’s leaders—Blake and Anderson Hutchinson, a/k/a “Murda Rah”—operated a massive drug market that flooded the streets of Newark with heroin and crack cocaine 24 hours per day, seven days per week.

Blake, Hutchinson, and members of their organization sold heroin and crack cocaine to customers out of two neighboring houses near the Newark-Irvington border. These drug dens were located in the heart of a residential community, just two blocks from the Thurgood Marshall Elementary School, a public school serving children from Pre-K to Fifth Grade. On average, just one of these locations, which Blake controlled, generated approximately $10,000 per day in revenue from narcotics sales, and, on at least one occasion, revenue exceeded $13,000 in a single shift.

One of the abandoned residences was virtually impenetrable due to the organization’s efforts to fortify the structure by boarding up all doors and windows. The defendants gained access to the residence through a second-floor window by way of a ladder that conspirators then brought inside the residence. Once inside the abandoned residence, the defendants would sell heroin and crack cocaine through a small hole that was cut out on a first-floor outer wall, allowing customers to purchase narcotics in exchange for cash, similar to a restaurant’s drive-through window. In a backyard shed, the defendants stored narcotics, a communal cell phone that was used to operate the business, multiple firearms, and several boxes of ammunition.

The investigation resulted in charges against 26 defendants, including Blake, two other leaders, middlemen who assisted with transporting drugs and drug proceeds, distributors, and suppliers.

Acting U.S. Attorney Khanna credited special agents of ATF, under the direction of Special Agent in Charge L.C. Cheeks, Jr. in Newark, and members of the Newark Department of Public Safety, under the direction of Director Emanuel Miranda, with the investigation. He also thanked the Essex County Prosecutor’s Office, the Essex County Sheriff’s Office, the New Jersey State Police, the Irvington Police Department, the Union County Prosecutor’s Office, the Belleville Police Department, the West Orange Police Department, the Livingston Police Department, the Nutley Police Department, the Orange Police Department, and the Verona Police Department.

The CKarter Boys were prosecuted as part of the Newark Violent Crime Initiative (“VCI”). The VCI was formed in August 2017 by the U.S. Attorney’s Office for the District of New Jersey, the Essex County Prosecutor’s Office, and the City of Newark’s Department of Public Safety for the sole purpose of combatting violent crime in and around Newark. As part of this partnership, federal, state, county, and city agencies collaborate and pool resources to prosecute violent offenders who endanger the safety of the community. The VCI is composed of the U.S. Attorney’s Office, the ATF, the Federal Bureau of Investigation, the Drug Enforcement Administration’s (DEA) New Jersey Division, the U.S. Marshals, the Newark Department of Public Safety, the Essex County Prosecutor’s Office, the Essex County Sheriff’s Office, New Jersey State Parole, the Essex County Correctional Facility, New Jersey State Police Regional Operations and Intelligence Center/Real Time Crime Center, New Jersey Department of Corrections, the East Orange Police Department, and the Irvington Police Department.

This case is part of an Organized Crime Drug Enforcement Task Force (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

The government is represented by Assistant U.S. Attorney Desiree Grace, Chief of the Criminal Division, and Assistant U.S. Attorneys Olta Bejleri and Jake A. Nasar of the Criminal Division in Newark.

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MIL Security OSI –

February 19, 2025

MIL-OSI USA: Duckworth, Durbin Help Unveil Bill to Raise Minimum Age to Buy Assault Weapons

US Senate News:

Source: United States Senator for Illinois Tammy Duckworth

February 14, 2025

[WASHINGTON, D.C.] – On the seventh anniversary of the tragic shooting at Marjory Stoneman Douglas High School in Parkland, Florida, U.S. Senator Tammy Duckworth (D-IL) and U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, today joined U.S. Senator Alex Padilla (D-CA) in announcing legislation to raise the minimum age to purchase assault weapons and high-capacity ammunition magazines from 18 to 21, the same age requirement that already applies to purchasing handguns from federally licensed dealers. Individuals under 21 have used assault weapons in some of the most devastating school shootings in U.S. history, including the mass shootings at Marjory Stoneman Douglas High School in Parkland, Florida, Robb Elementary School in Uvalde, Texas, and Sandy Hook Elementary School in Newtown, Connecticut.

“Congress cannot sit by and do nothing while gun violence remains the number one killer of children in America,” said Duckworth. “As we remember the 17 lives cut short at Marjory Stoneman Douglas High School, we must honor their memory with action. The Age 21 Act is commonsense gun safety legislation that would help prevent mass shootings and do more to keep dangerous weapons out of the hands of those who would seek to harm themselves or others. If Republicans were truly ‘pro-life,’ they would support our bill and help us save lives.”

“Gun violence continues to shatter families and communities throughout America. Our existing laws allow far too many guns to fall into the wrong hands. That is why I’m signing onto the Age 21 Act, which prohibits the sale of assault weapons, handguns, large-capacity ammunition feeding devices, and related ammunition to individuals under the age of 21,” said Durbin. “This legislation is one of many steps we must take to address the gun violence epidemic across the United States.”

Gun violence is a national crisis, claiming over 46,000 lives in 2023 — the third-largest number of gun-related deaths in American history. Assault weapons, originally engineered for military combat to maximize damage, are frequently used in mass shootings because of their ability to inflict catastrophic harm in mere seconds. More than 85 percent of deaths in public mass shootings involving four or more fatalities were caused by assault rifles. Furthermore, shootings involving assault weapons or large-capacity magazines result in more than 2.5 times as many people being shot compared to incidents involving other firearms.

The bill’s restrictions on the sale of assault weapons, handguns, large-capacity ammunition feeding devices, and related ammunition to individuals under the age of 21 would apply to both federally licensed and private sellers. Additionally, the legislation would bar most individuals under 21 from possessing these items, with limited exceptions for specific circumstances such as service in law enforcement or the armed forces.

In addition to Durbin, Duckworth, and Padilla, the Age 21 Act is cosponsored by U.S. Senators Richard Blumenthal (D-CT), Cory Booker (D-NJ), Chris Coons (D-DE), Kirsten Gillibrand (D-NY), Mazie Hirono (D-HI), Tim Kaine (D-VA), Amy Klobuchar (D-MN), Chris Murphy (D-CT), Patty Murray (D-WA), Jack Reed (D-RI), Bernie Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), and Ron Wyden (D-OR).

The Age 21 Act is endorsed by organizations including Brady: United Against Gun Violence, March for Our Lives, Giffords, Newtown Action Alliance, and Everytown for Gun Safety.

Durbin and Duckworth are fierce advocates for common-sense gun safety legislation that would help save lives. Durbin and Duckworth were strong supporters of the Bipartisan Safer Communities Act (BSCA), which cracks down on straw purchasing and gun trafficking, expands background checks for buyers under 21 years of age, takes steps to close the “boyfriend loophole,” supports state red flag laws, and offers billions in funding for counseling, mental health, and trauma support for victims of gun violence. Durbin and Duckworth are also continuing to push for the Assault Weapons Ban and additional gun safety measures.

While Chair of the Senate Judiciary Committee, Durbin held a full committee hearing on public safety and gun safety laws in a post-Bruen America; filed an amicus brief in opposition to legal challenges in U.S. v. Rahimi, in which the Supreme Court ultimately ruled to uphold a ban on firearm possession for domestic violence offenders; condemned the Supreme Court decision in Garland v. Cargill, which ruled a bump stock does not convert a rifle into a machine gun; and introduced legislation to curb firearms trafficking enabled by weak American gun laws, among other efforts.

A one-pager on the bill is available here.

Full text of the bill is available here.

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MIL OSI USA News –

February 19, 2025

MIL-Evening Report: Australian LGBTIQ+ politicians were hit with vile online abuse at the last federal election. The coming campaign could be even worse

Source: The Conversation (Au and NZ) – By Elise Stephenson, Deputy Director, Global Institute for Women’s Leadership, Australian National University

Newly published research has found clear evidence that openly lesbian, gay, bisexual, trans, intersex, and queer+ (LGBTIQ+) Australian politicians were disproportionately targeted with personal abuse on social media at the last federal election. Given global trends, it’s unlikely to be any different this year.

Simply logging off is not an option for candidates, who need to communicate with voters. As a result, some politicians will continue to face risky online visibility.

Since Elon Musk acquired Twitter/X, hate speech has surged, particularly for public figures such as parliamentarians.

So what do these trends mean for queer candidates ahead of this year’s election? And why does it matter for the next generation of politically engaged young people?

Queer politicians targeted

We analysed more than 100,000 tweets across the Twitter profiles of eight openly queer politicians and candidates (Penny Wong, Julian Hill, Nita Green, Tim Wilson, Janet Rice, Rachael Jacobs, Claire Garton, Stephen Bates) during the 2022 federal election campaign. We compared them with eight other politicians (Zoe Daniel, Graham Perrett, Lidia Thorpe, Anthony Chisholm, Barbara Pocock, Simon Birmingham, Deborah O’Neill, David Shoebridge) in the same period.

We suspected that political hopefuls who publicly identified as LGBTIQ+ may have experienced greater levels of abuse and harassment. But what we found surprised us.

The level of online intimidation was roughly the same for queer and non-queer politicians. However, the type of abuse differed significantly.

Queer politicians endured highly personal harassment that specifically targeted their gender or physical appearance. They suffered nasty queer-specific slurs, transphobic messages and ableist language. Essentially, nothing that was related to their policies or politics.

Meanwhile, straight, cisgender politicians received harassment that was typically political in nature. More of it focused on their party or platform. It wasn’t as personal (with the exception of Thorpe, who received high levels of racist abuse). While overtly hostile, for straight politicians in general much of the harassment received might be considered an unavoidable part of the democratic political process in the social media age.

Our research provides a useful retrospective of some of the vitriol that proliferated during the last election.

One such event began with YouTube commentator Jordan Shanks breaking a salacious story of repeated sexual misconduct by staffers in Canberra, purportedly in MPs offices and in the parliamentary multi-faith prayer room.

Our data tracked the way queer male politicians were wrongly affiliated and tagged in the scandal. They were unfairly accused and ridiculed. The unfounded attacks were non-partisan, involving politicians from across the major parties. This indicated a single point of commonality – their sexuality.

Liberal MP Tim Wilson, who had no involvement in the scandal, received over 2000 tweets explicitly mentioning the incident. Many were overtly homophobic, using terms such as “toy boy”, “rentboy”, “parasite” and “prayer room pervert”.

How it puts off politically engaged young people

The data indicates that queer politicians face a double bind. The personal hate they experience negatively impacts them as individuals and also distracts from genuine political debate. Trolling, hate speech, and a prohibitive online environment stymies open and constructive political dialogue.

Furthermore, identity based harassment discourages queer people from pursuing political careers in the first place. Or staying in politics once they’ve experienced the hate. It erodes their sense of safety when engaging in public discourse and undermines the foundations upon which democracy is built.

In a follow-up study of 98 politically engaged, young gender and sexuality diverse people, we found that online violence and a lack of workplace safety were some of the biggest barriers for them in considering a career in politics.

The upcoming election

We expect the personal harassment of queer politicians will continue to escalate across multiple platforms, including X, Facebook and Instagram.

For instance, we have seen a sharp rise in anti-LGBTIQ+ hate and extremism across the United States. Online spaces are likely to become even less safe for queer politicians in 2025, than they were in 2022.

Big tech is making it easier for abuse and harassment to flourish in the online world.

Musk has fired 80% of engineers responsible for content regulation on X. He has also liked transphobic tweets and deemed the words “cis and “cisgender ” to be slurs, that were subsequently banned on X.

Meta’s Mark Zuckerberg has also removed protections that prevented hate speech on Facebook.

More users are deserting X due to the malicious content and lack of safeguards. But with a closely integrated social media environment, online violence can follow politicians across platforms, both social and legacy. There is no escaping the bile.

Demanding better of online platforms

Social media regulation is difficult. Tech giants have already threatened to withdraw their services from Australia over laws that would force them to pay for news content.

Online platforms may claim to only be the “messenger”, but the reality is that design features like anonymity and business decisions like removing content moderation will cause even more harm.

Until a critical mass of countries demand better protections, some individuals, including queer politicians, will always be at a disadvantage in this asymmetric online war.

Elise Stephenson receives funding from the Australian Research Council. Elise is part of research projects funded by the eSafety Commissioner on combating online violence. The research quoted in this article received funding from the Gender Institute at the ANU.

Gosia Mikolajczak collaborates with Women for Election on a project funded by the Australian Government Office for Women, aiming to increase the number and diversity of women running for public office. She has previously worked on an Australian Research Council Linkage project that examined gender inequalities in local government in Victoria.

Blair Williams and Jack Hayes do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. Australian LGBTIQ+ politicians were hit with vile online abuse at the last federal election. The coming campaign could be even worse – https://theconversation.com/australian-lgbtiq-politicians-were-hit-with-vile-online-abuse-at-the-last-federal-election-the-coming-campaign-could-be-even-worse-250039

MIL OSI Analysis – EveningReport.nz –

February 19, 2025

MIL-OSI Security: Venezuelan National Indicted For Unlawfully Possessing A Firearm And Ammunition

Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

Orlando, Florida – Acting United States Attorney Sara C. Sweeney announces the return of an indictment charging Alvis Alexander Briceno-Yajures (24, Venezuela) with unlawful possession of a firearm and ammunition by an illegal alien. If convicted, Briceno-Yajures faces a maximum penalty of 15 years in federal prison.

According to the indictment, on July 30, 2024, Briceno-Yajures illegally possessed a firearm and ammunition while knowing that he was illegally or unlawfully in the United States.

An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

This case was investigated by Immigration and Customs Enforcement (ICE) Enforcement and Removal Operations (ERO), the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Volusia County Sheriff’s Office, the Daytona Beach Police Department, and the Holly Hill Police Department. It will be prosecuted by Special Assistant United States Attorney Matthew J. Del Mastro.

MIL Security OSI –

February 19, 2025

MIL-OSI: CVR Energy Reports Fourth Quarter and Full-Year 2024 Results

Source: GlobeNewswire (MIL-OSI)

Reported full-year 2024 net income attributable to CVR Energy stockholders of $7 million and EBITDA of $394 million.
Paid cumulative cash dividends attributable to 2024 of $1.00 per share.
Enhanced liquidity by $408 million in the fourth quarter of 2024 through a Term Loan and the sale of our 50 percent interest in Midway Pipeline.

SUGAR LAND, Tx, Feb. 18, 2025 (GLOBE NEWSWIRE) — CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced fourth quarter 2024 net income attributable to CVR Energy stockholders of $28 million, or 28 cents per diluted share, compared to fourth quarter 2023 net income attributable to CVR Energy stockholders of $91 million, or 91 cents per diluted share. Adjusted loss for the fourth quarter of 2024 was 13 cents per diluted share compared to adjusted earnings of 65 cents per diluted share in the fourth quarter of 2023. Net income for the fourth quarter of 2024 was $40 million, compared to net income of $97 million in the fourth quarter of 2023. Fourth quarter 2024 EBITDA was $122 million, compared to fourth quarter 2023 EBITDA of $204 million. Adjusted EBITDA for the fourth quarter of 2024 was $67 million, compared to adjusted EBITDA of $170 million in the fourth quarter of 2023.

For full-year 2024, the Company reported net income attributable to CVR Energy stockholders of $7 million, or 6 cents per diluted share, compared to net income attributable to CVR Energy stockholders for full-year 2023 of $769 million, or $7.65 per diluted share. Adjusted loss for full-year 2024 was 51 cents per diluted share compared to adjusted earnings of $5.64 per diluted share for full-year 2023. Net income for full-year 2024 was $45 million, compared to net income of $878 million for full-year 2023. Full-year 2024 EBITDA was $394 million, compared to full-year 2023 EBITDA of $1.4 billion. Adjusted EBITDA for full-year 2024 was $317 million, compared to adjusted EBITDA of $1.2 billion for full-year 2023.

“CVR Energy’s 2024 full-year and fourth quarter results for its refining business were lower than the previous year due to reduced crack spreads and, to a lesser degree, decreased throughputs,” said Dave Lamp, CVR Energy’s Chief Executive Officer. “We commenced our planned Coffeyville turnaround early, which should position us well for the improvement in cracks we expect as summer driving season begins and capacity rationalization occurs.

“CVR Partners operated well during 2024, with consolidated ammonia plant utilization of 96 percent,” Lamp said. “The Partnership is pleased to have declared a fourth quarter 2024 cash distribution of $1.75 per common unit, with cumulative cash distributions of $6.76 per common unit for 2024.”

Petroleum Segment

Fourth Quarter 2024 Compared to Fourth Quarter 2023

The Petroleum Segment reported fourth quarter 2024 net income of $35 million and EBITDA of $72 million, compared to net income of $158 million and EBITDA of $196 million for the fourth quarter of 2023. Adjusted EBITDA for the Petroleum Segment was $9 million for the fourth quarter of 2024, compared to $152 million for the fourth quarter of 2023.

Combined total throughput for the fourth quarter of 2024 was approximately 214,000 barrels per day (“bpd”), compared to approximately 223,000 bpd of combined total throughput for the fourth quarter of 2023.

Refining margin for the fourth quarter of 2024 was $165 million, or $8.37 per total throughput barrel, compared to $307 million, or $15.01 per total throughput barrel, during the same period in 2023. Included in our fourth quarter 2024 refining margin were favorable mark-to-market impacts on our outstanding Renewable Fuel Standard (“RFS”) obligation of $57 million, unfavorable derivative impacts of $6 million from open crack spread swap positions and unfavorable inventory valuation impacts of $12 million. Excluding these items, adjusted refining margin for the fourth quarter of 2024 was $6.45 per barrel, compared to an adjusted refining margin per barrel of $12.91 for the fourth quarter of 2023. The decrease in adjusted refining margin per barrel was primarily due to a decrease in the Group 3 2-1-1 crack spread.

Full-Year 2024 Compared to Full-Year 2023

The Petroleum Segment reported full-year 2024 net income of $70 million and EBITDA of $223 million, compared to net income of $1.1 billion and EBITDA of $1.2 billion for full-year 2023. Adjusted EBITDA for the Petroleum Segment was $138 million for full-year 2024, compared to $903 million for full-year 2023.

Combined total throughput for full-year 2024 was approximately 196,000 bpd, compared to approximately 208,000 bpd for full-year 2023.

Refining margin was $684 million, or $9.53 per total throughput barrel, for full-year 2024 compared to $1.7 billion, or $21.82 per total throughput barrel, for full-year 2023. Included in our full-year 2024 refining margin were favorable mark-to-market impacts on our outstanding RFS obligation of $89 million, unfavorable derivative impacts of $22 million from open crack spread swap positions, and unfavorable inventory valuation impacts of $6 million. Excluding these items, adjusted refining margin for full-year 2024 was $8.67 per barrel, compared to an adjusted refining margin per barrel of $18.11 for full-year 2023. The decrease in adjusted refining margin per barrel was primarily due to a decrease in the Group 3 2-1-1 crack spread.

Renewables Segment

Effective for the year ended December 31, 2024, and due to the prominence of the renewables business relative to the Company’s overall 2024 performance, we have revised our reportable segments to reflect a new reportable segment – Renewables. The Renewables Segment includes the operations of the renewable diesel unit and renewable feedstock pretreater at the refinery in Wynnewood, Oklahoma.

Fourth Quarter 2024 Compared to Fourth Quarter 2023

The Renewables Segment reported fourth quarter 2024 net loss of $3 million and EBITDA of $3 million, compared to net loss of $30 million and EBITDA loss of $26 million for the fourth quarter of 2023. Adjusted EBITDA for the Renewables Segment was $9 million for the fourth quarter of 2024, compared to Adjusted EBITDA loss of $17 million for the fourth quarter of 2023.

Total vegetable oil throughput for the fourth quarter of 2024 was approximately 187,000 gallons per day (“gpd”), compared to approximately 200,000 gpd for the fourth quarter of 2023.

Renewables margin was $14 million, or 79 cents per vegetable oil throughput gallon, for the fourth quarter of 2024 compared to a loss of $17 million, or 90 cents per vegetable oil throughput gallon, for the fourth quarter of 2023. Factors contributing to our fourth quarter 2024 renewables margin were lower cost of sales of $46 million due to a decrease in vegetable oil feed prices and an increase in the Heating Oil – Bean Oil (“HOBO”) spread of 7 cents per gallon driven by a decrease in soybean oil prices of 9 cents per pound due to increased U.S. soybean oil inventories resulting from higher production levels.

Full-Year 2024 Compared to Full-Year 2023

The Renewables Segment reported full-year 2024 net loss of $21 million and EBITDA of $3 million, compared to net loss of $36 million and EBITDA loss of $17 million for full-year 2023. Adjusted EBITDA for the Renewables Segment was $10 million for full-year 2024, compared to Adjusted EBITDA loss of $5 million for full-year 2023.

Total vegetable oil throughput for full-year 2024 was approximately 151,000 gpd, compared to approximately 226,000 gpd for full-year 2023.

Renewables margin was $44 million, or 80 cents per vegetable oil throughput gallon, for full-year 2024 compared to $22 million, or 27 cents per vegetable oil throughput gallon, for full-year 2023. Factors contributing to our full-year 2024 renewables margin were favorable cost of sales of $284 million due to lower vegetable oil feed prices, an increase in the HOBO spread of 59 cents per gallon driven by a decrease in soybean oil prices of 14 cents per pound due to increased U.S. soybean oil inventories resulting from higher production levels and an increase in renewable diesel yield due to improved catalyst performance in the current year.

Nitrogen Fertilizer Segment

Fourth Quarter 2024 Compared to Fourth Quarter 2023

The Nitrogen Fertilizer Segment reported net income of $18 million and EBITDA of $50 million on net sales of $140 million for the fourth quarter of 2024, compared to net income of $10 million and EBITDA of $38 million on net sales of $142 million for the fourth quarter of 2023.

CVR Partners’ fertilizer facilities produced a combined 210,000 tons of ammonia during the fourth quarter of 2024, of which 80,000 net tons were available for sale, while the rest was upgraded to other fertilizer products, including 310,000 tons of urea ammonia nitrate (“UAN”). During the fourth quarter of 2023, the fertilizer facilities produced 205,000 tons of ammonia, of which 75,000 net tons were available for sale, while the remainder was upgraded to other fertilizer products, including 306,000 tons of UAN.

For the fourth quarter of 2024, average realized gate prices for UAN declined by 5 percent to $229 per ton and ammonia improved by 3 percent to $475 per ton when compared to the fourth quarter of 2023. Average realized gate prices for UAN and ammonia were $241 per ton and $461 per ton, respectively, for the fourth quarter of 2023.

Full-Year 2024 Compared to Full-Year 2023

The Nitrogen Fertilizer Segment reported net income of $61 million and EBITDA of $179 million on net sales of $525 million for full-year 2024, compared to net income of $172 million and EBITDA of $281 million on net sales of $681 million for full-year 2023.

For full-year 2024, our fertilizer facilities produced a combined 836,000 tons of ammonia, of which 270,000 net tons were available for sale, while the rest was upgraded to other fertilizer products, including 1,273,000 tons of UAN. For full-year 2023, the fertilizer facilities produced 864,000 tons of ammonia, of which 270,000 net tons were available for sale, while the remainder was upgraded to other fertilizer products, including 1,369,000 tons of UAN.

For full-year 2024, average realized gate prices for UAN declined by 20 percent to $248 per ton and ammonia declined by 16 percent to $479 per ton when compared to the full-year 2023. Average realized gate prices for UAN and ammonia were $309 per ton and $573 per ton, respectively, for full-year 2023.

Corporate and Other

The Company reported income tax benefit of $26 million, or (137.2) percent of income before income taxes, for the year ended December 31, 2024, compared to an income tax expense of $207 million, or 19.1 percent of income before income taxes, for the year ended December 31, 2023. The decrease in income tax expense was due primarily to a decrease in overall pretax earnings for the year ended December 31, 2024, compared to the year ended December 31, 2023. In addition, the change in the effective tax rate was due primarily to changes in pretax earnings attributable to noncontrolling interests and the impact of federal and state tax credits and incentives generated in relation to overall pretax earnings for the year ended December 31, 2024, compared to the year ended December 31, 2023.

Cash, Debt and Dividend

During the fourth quarter of 2024, we completed two liquidity enhancing transactions generating net proceeds of $318 million from the senior secured term loan facility (the “Term Loan”) issuance and approximately $90 million of gross proceeds from the sale of our subsidiary’s 50% interest in the Midway Pipeline.

Consolidated cash and cash equivalents was $987 million at December 31, 2024. Consolidated total debt and finance lease obligations was $1.9 billion at December 31, 2024, including $569 million held by the Nitrogen Fertilizer Segment.

CVR Partners announced that the Board of Directors of its general partner declared a fourth quarter 2024 cash distribution of $1.75 per common unit, which will be paid on March 10, 2025, to common unitholders of record as of March 3, 2025.

Fourth Quarter 2024 Earnings Conference Call

CVR Energy previously announced that it will host its fourth quarter and full-year 2024 Earnings Conference Call on Wednesday, February 19, at 1 p.m. Eastern. This Earnings Conference Call may also include discussion of Company developments, forward-looking information and other material information about business and financial matters.

The fourth quarter and full-year 2024 Earnings Conference Call will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media-server.com/mmc/p/4a2maqba. A repeat of the call can be accessed for 14 days by dialing (877) 660-6853, conference ID 13751234.

Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding future: continued safe and reliable operations; drivers of our results; EBITDA and Adjusted EBITDA; asset utilization, capture, production volume, throughput product yield and crude oil gathering rates; cash flow generation; operating income and net sales; throughput; refining margin; crack spreads, including the improvement thereof; capacity rationalization; impact of costs to comply with the RFS and revaluation of our RFS liability; crude oil and refined product pricing impacts on inventory valuation; derivative gains and losses and the drivers thereof; crack spreads, including the drivers thereof; demand trends; RIN generation levels; ethanol and biodiesel blending activities; inventory levels; benefits of our corporate transformation to segregate our renewables business; access to capital and new partnerships; RIN pricing, including its impact on performance and the Company’s ability to offset the impact thereof; carbon capture and decarbonization initiatives; ammonia and UAN pricing; global fertilizer industry conditions; grain prices; crop inventory levels; crop and planting levels; demand for refined products; economic downturns and demand destruction; production levels and utilization at our nitrogen fertilizer facilities; nitrogen fertilizer sales volumes; ability to and levels to which we upgrade ammonia to other fertilizer products, including UAN; income tax expense, including the drivers thereof; changes to pretax earnings and our effective tax rate; the availability of tax credits and incentives; production rates and operations capabilities of our renewable diesel unit, including the ability to return to hydrocarbon service; renewable feedstock throughput; use of proceeds under our debt instruments; debt levels; cash and cash equivalent levels; dividends and distributions, including the timing, payment and amount (if any) thereof; direct operating expenses, capital expenditures, depreciation and amortization and turnaround expense; cash reserves; timing of turnarounds; impacts of any pandemic; labor supply shortages, difficulties, disputes or strikes, including the impact thereof; and other matters. You can generally identify forward-looking statements by our use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Investors are cautioned that various factors may affect these forward-looking statements, including (among others) the health and economic effects of any pandemic, demand for fossil fuels and price volatility of crude oil, other feedstocks and refined products; the ability of Company to pay cash dividends and of CVR Partners to make cash distributions; potential operating hazards; costs of compliance with existing or new laws and regulations and potential liabilities arising therefrom; impacts of the planting season on CVR Partners; our controlling shareholder’s intention regarding ownership of our common stock or CVR Partners’ common units; general economic and business conditions; political disturbances, geopolitical instability and tensions; existing and future laws, rulings, policies and regulations, including the reinterpretation or amplification thereof by regulators, and including but not limited to those relating to the environment, climate change, and/or the production, transportation, or storage of hazardous chemicals, materials, or substances, like ammonia; political uncertainty and impacts to the oil and gas industry and the United States economy generally as a result of actions taken by a new administration, including the imposition of tariffs or changes in climate or other energy laws, rules, regulations, or policies; impacts of plant outages; potential operating hazards from accidents, fires, severe weather, tornadoes, floods, wildfires, or other natural disasters; and other risks. For additional discussion of risk factors which may affect our results, please see the risk factors and other disclosures included in our most recent Annual Report on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission (“SEC”) filings. These and other risks may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this news release are made only as of the date hereof. CVR Energy disclaims any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

About CVR Energy, Inc.
Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the renewable fuels and petroleum refining and marketing businesses, as well as in the nitrogen fertilizer manufacturing business through its interest in CVR Partners, LP. CVR Energy subsidiaries serve as the general partner and own 37 percent of the common units of CVR Partners.

Investors and others should note that CVR Energy may announce material information using SEC filings, press releases, public conference calls, webcasts and the Investor Relations page of its website. CVR Energy may use these channels to distribute material information about the Company and to communicate important information about the Company, corporate initiatives and other matters. Information that CVR Energy posts on its website could be deemed material; therefore, CVR Energy encourages investors, the media, its customers, business partners and others interested in the Company to review the information posted on its website.

Contact Information:

Investor Relations
Richard Roberts
(281) 207-3205
InvestorRelations@CVREnergy.com

Media Relations
Brandee Stephens
(281) 207-3516
MediaRelations@CVREnergy.com

Non-GAAP Measures

Our management uses certain non-GAAP performance measures, and reconciliations to those measures, to evaluate current and past performance and prospects for the future to supplement our financial information presented in accordance with accounting principles generally accepted in the United States (“GAAP”). These non-GAAP financial measures are important factors in assessing our operating results and profitability and include the performance and liquidity measures defined below.

As a result of continuing volatile market conditions and the impacts certain non-cash items may have on the evaluation of our operations and results, the Company began disclosing the Adjusted Refining Margin non-GAAP measure, as defined below, in the second quarter of 2024. We believe the presentation of this non-GAAP measure is meaningful to compare our operating results between periods and better aligns with our peer companies. All prior periods presented have been conformed to the definition below.

The following are non-GAAP measures we present for the three and twelve months ended December 31, 2024 and 2023:

EBITDA – Consolidated net income (loss) before (i) interest expense, net, (ii) income tax expense (benefit) and (iii) depreciation and amortization expense.

Petroleum EBITDA, Renewables EBITDA, and Nitrogen Fertilizer EBITDA – Segment net income (loss) before segment (i) interest expense, net, (ii) income tax expense (benefit), and (iii) depreciation and amortization.

Refining Margin – The difference between our Petroleum Segment net sales and cost of materials and other.

Adjusted Refining Margin – Refining Margin adjusted for certain significant noncash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

Refining Margin and Adjusted Refining Margin, per Throughput Barrel – Refining Margin and Adjusted Refining Margin divided by the total throughput barrels during the period, which is calculated as total throughput barrels per day times the number of days in the period.

Direct Operating Expenses per Throughput Barrel – Direct operating expenses for our Petroleum Segment divided by total throughput barrels for the period, which is calculated as total throughput barrels per day times the number of days in the period.

Renewables Margin – The difference between our Renewables Segment net sales and cost of materials and other.

Adjusted Renewables Margin – Renewables Margin adjusted for certain significant noncash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

Renewables Margin and Adjusted Renewables Margin, per Vegetable Oil Throughput Gallon – Renewables Margin and Adjusted Renewables Margin divided by the total vegetable oil throughput gallons for the period, which is calculated as total vegetable oil throughput gallons per day times the number of days in the period.

Direct Operating Expenses per Vegetable Oil Throughput Gallon – Direct operating expenses for our Renewables Segment divided by total vegetable oil throughput gallons for the period, which is calculated as total vegetable oil throughput gallons per day times the number of days in the period.

Adjusted EBITDA, Petroleum Adjusted EBITDA, Renewables Adjusted EBITDA, and Nitrogen Fertilizer Adjusted EBITDA – EBITDA, Petroleum EBITDA, Renewables EBITDA, and Nitrogen Fertilizer EBITDA adjusted for certain significant non-cash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

Adjusted Earnings (Loss) per Share – Earnings (loss) per share adjusted for certain significant non-cash items and items that management believes are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends.

Free Cash Flow – Net cash provided by (used in) operating activities less capital expenditures and capitalized turnaround expenditures.

We present these measures because we believe they may help investors, analysts, lenders and ratings agencies analyze our results of operations and liquidity in conjunction with our U.S. GAAP results, including but not limited to our operating performance as compared to other publicly traded companies in the refining and fertilizer industries, without regard to historical cost basis or financing methods and our ability to incur and service debt and fund capital expenditures. Non-GAAP measures have important limitations as analytical tools, because they exclude some, but not all, items that affect net earnings and operating income. These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. See “Non-GAAP Reconciliations” included herein for reconciliation of these amounts. Due to rounding, numbers presented within this section may not add or equal to numbers or totals presented elsewhere within this document.

Factors Affecting Comparability of Our Financial Results

Petroleum Segment

Major Scheduled Turnaround Activities – Our results of operations for the periods presented may not be comparable with prior periods or to our results of operations in the future due to capitalized expenditures as part of planned turnarounds. Total capitalized expenditures were $58 million and $60 million during the years ended December 31, 2024 and 2023, respectively. The next planned turnaround commenced in January 2025 at the Coffeyville Refinery.

Midway JV Disposition – On December 23, 2024, a subsidiary of the Company sold the 50% limited liability company interests it owned in the Midway Pipeline, LLC to Plains Pipeline, L.P. in exchange for cash consideration of approximately $90 million. The sale resulted in a gain of $24 million within Other income (expense), net in the Company’s Consolidated Statements of Operations.

CVR Energy, Inc.
(unaudited)

Consolidated Statement of Operations Data

	Three Months Ended December 31,						Year Ended December 31,
(in millions, except per share data)	2024			2023			2024			2023
Net sales	$	1,947		$	2,202		$	7,610		$	9,247
Operating costs and expenses:
Cost of materials and other		1,653			1,802			6,448			7,013
Direct operating expenses (exclusive of depreciation and amortization)		165			166			667			670
Depreciation and amortization		72			75			290			291
Cost of sales		1,890			2,043			7,405			7,974
Selling, general and administrative expenses (exclusive of depreciation and amortization)		35			34			139			141
Depreciation and amortization		2			1			8			7
(Gain) loss on asset disposal		(1	)		—			—			2
Operating income		21			124			58			1,123
Other income (expense):
Interest expense, net		(20	)		(9	)		(77	)		(52	)
Other income, net		27			4			38			14
Income before income tax expense		28			119			19			1,085
Income tax expense (benefit)		(12	)		22			(26	)		207
Net income		40			97			45			878
Less: Net income attributable to noncontrolling interest		12			6			38			109
Net income attributable to CVR Energy stockholders	$	28		$	91		$	7		$	769

Basic and diluted earnings per share	$	0.28		$	0.91		$	0.06		$	7.65
Dividends declared per share	$	—		$	2.00		$	1.50		$	4.50

Adjusted (loss) earnings per share	$	(0.13	)	$	0.65		$	(0.51	)	$	5.64
EBITDA^*	$	122		$	204		$	394		$	1,435
Adjusted EBITDA^*	$	67		$	170		$	317		$	1,164

Weighted-average common shares outstanding – basic and diluted		100.5			100.5			100.5			100.5

____________________

* See “Non-GAAP Reconciliations” section below.

Selected Consolidated Balance Sheet Data

(in millions)	December 31, 2024		December 31, 2023
Cash and cash equivalents	$	987	$	581
Working capital		726		497
Total assets		4,263		4,707
Total debt and finance lease obligations, including current portion		1,919		2,185
Total liabilities		3,375		3,669
Total CVR stockholders’ equity		703		847

Selected Consolidated Cash Flow Data

	Three Months Ended December 31,					Year Ended December 31,
(in millions)	2024		2023			2024			2023
Net cash flows provided by (used in):
Operating activities	$	98	$	(36	)	$	404		$	948
Investing activities		43		(58	)		(121	)		(239	)
Financing activities		312		384			(482	)		(40	)
Net increase (decrease) in cash, cash equivalents and restricted cash	$	453	$	290		$	(199	)	$	669

Free cash flow ^*	$	40	$	(94	)	$	181		$	708

_____________________

* See “Non-GAAP Reconciliations” section below.

Selected Segment Data

	Three Months Ended December 31, 2024									Three Months Ended December 31, 2023
(in millions)	Petroleum		Renewables			Nitrogen Fertilizer		Consolidated		Petroleum		Renewables			Nitrogen Fertilizer		Consolidated
Net sales	$	1,755	$	93		$	140	$	1,947	$	1,997	$	110		$	142	$	2,202
Operating income (loss)		4		(3	)		26		21		144		(31	)		17		124
Net income (loss)		35		(3	)		18		40		158		(30	)		10		97
EBITDA ^*		72		3			50		122		196		(26	)		38		204

Capital Expenditures: ⁽¹⁾
Maintenance	$	24	$	1		$	15	$	40	$	24	$	1		$	11	$	36
Growth		7		—			3		11		5		8			—		13
Total capital expenditures	$	31	$	1		$	18	$	51	$	29	$	9		$	11	$	49

	Year Ended December 31, 2024									Year Ended December 31, 2023
(in millions)	Petroleum		Renewables			Nitrogen Fertilizer		Consolidated		Petroleum		Renewables			Nitrogen Fertilizer		Consolidated
Net sales	$	6,920	$	289		$	525	$	7,610	$	8,287	$	559		$	681	$	9,247
Operating income (loss)		12		(22	)		90		58		982		(37	)		201		1,123
Net income (loss)		70		(21	)		61		45		1,071		(36	)		172		878
EBITDA ^*		223		3			179		394		1,185		(17	)		281		1,435

Capital Expenditures: ⁽¹⁾
Maintenance	$	90	$	3		$	30	$	127	$	94	$	2		$	28	$	128
Growth		38		8			7		54		14		54			1		69
Total capital expenditures	$	128	$	11		$	37	$	181	$	108	$	56		$	29	$	197

______________________

* See “Non-GAAP Reconciliations” section below.

(1)

Capital expenditures are shown exclusive of capitalized turnaround expenditures and business combinations.

	December 31, 2024								December 31, 2023
(in millions)	Petroleum		Renewables		Nitrogen Fertilizer		Consolidated		Petroleum		Renewables		Nitrogen Fertilizer		Consolidated
Cash and cash equivalents ⁽¹⁾	$	735	$	13	$	91	$	987	$	375	$	16	$	45	$	581
Total assets		3,288		420		1,019		4,263		2,978		344		975		4,707
Total debt and finance lease obligations, including current portion ⁽²⁾		354		—		569		1,919		44		5		547		2,185

___________________________

(1)		Corporate cash and cash equivalents consisted of $148 million and $145 million at December 31, 2024 and December 31, 2023, respectively.
(2)		Corporate total debt and finance lease obligations, including current portion consisted of $996 million and $1,594 million at December 31, 2024 and December 31, 2023, respectively.

Petroleum Segment

Key Operating Metrics per Total Throughput Barrel

	Three Months Ended December 31,				Year Ended December 31,
	2024		2023		2024		2023
Refining margin ^*	$	8.37	$	15.01	$	9.53	$	21.82
Adjusted refining margin ^*		6.45		12.91		8.67		18.11
Direct operating expenses ^*		5.13		4.69		5.86		5.34

___________________

* See “Non-GAAP Reconciliations” section below.

Throughput Data by Refinery

	Three Months Ended December 31,		Year Ended December 31,
(in bpd)	2024	2023	2024	2023
Coffeyville
Gathered crude	69,560	61,733	71,382	62,263
Other domestic	47,732	57,161	39,360	49,930
Canadian	3,969	6,109	7,304	3,265
Condensate	—	7,115	3,177	7,566
Other crude oil	5,709	—	2,546	—
Other feedstocks and blendstocks	14,997	16,321	12,511	13,490
Wynnewood
Gathered crude	55,507	49,061	46,185	50,900
Other domestic	—	2,974	980	2,112
Condensate	10,747	17,192	9,165	15,228
Other feedstocks and blendstocks	5,482	4,888	3,668	3,465
Total throughput	213,703	222,554	196,278	208,219

Production Data by Refinery

	Three Months Ended December 31,				Year Ended December 31,
(in bpd)	2024		2023		2024		2023
Coffeyville
Gasoline	72,868		76,921		69,771		69,847
Distillate	61,016		62,570		56,690		57,888
Other liquid products	3,775		4,168		5,125		4,388
Solids	4,349		4,798		4,762		4,123
Wynnewood
Gasoline	40,139		42,363		33,106		38,843
Distillate	24,473		25,432		20,917		24,978
Other liquid products	4,405		5,480		4,551		6,882
Solids	12		9		9		10
Total production	211,037		221,741		194,931		206,959

Light product yield (as % of total crude throughput) ⁽¹⁾	102.7	%	103.0	%	100.2	%	100.2	%
Liquid volume yield (as % of total throughput) ⁽²⁾	96.7	%	97.5	%	96.9	%	97.4	%
Distillate yield (as % of total crude throughput) ⁽³⁾	44.2	%	43.7	%	43.1	%	43.3	%

______________________

(1)		Total Gasoline and Distillate divided by total Gathered crude, Other domestic, Canadian, and Condensate throughput (collectively, “Total Crude Throughput”).
(2)		Total Gasoline, Distillate, and Other liquid products divided by total throughput.
(3)		Total Distillate divided by Total Crude Throughput.

Key Market Indicators

	Three Months Ended December 31,						Year Ended December 31,
(dollars per barrel)	2024			2023			2024			2023
West Texas Intermediate (WTI) NYMEX	$	70.32		$	78.53		$	75.77		$	77.57
Crude Oil Differentials to WTI:
Brent		3.69			4.32			4.09			4.60
WCS (heavy sour)		(12.25	)		(22.91	)		(13.86	)		(17.97	)
Condensate		(0.24	)		(0.30	)		(0.48	)		(0.21	)
Midland Cushing		0.87			1.09			1.10			1.26
NYMEX Crack Spreads:
Gasoline		13.84			13.69			20.91			27.88
Heating Oil		23.40			41.34			26.67			40.60
NYMEX 2-1-1 Crack Spread		18.62			27.52			23.79			34.24
PADD II Group 3 Product Basis:
Gasoline		(4.03	)		(4.75	)		(6.52	)		(2.92	)
Ultra Low Sulfur Diesel (ULSD)		(4.57	)		(2.96	)		(4.96	)		(1.02	)
PADD II Group 3 Product Crack Spread:
Gasoline		9.81			8.94			14.40			24.96
ULSD		18.83			38.38			21.71			39.57
PADD II Group 3 2-1-1		14.32			23.66			18.05			32.27

Renewables Segment

Key Operating Metrics per Vegetable Oil Throughput Gallon

	Three Months Ended December 31,					Year Ended December 31,
	2024		2023			2024		2023
Renewables margin ^*	$	0.79	$	(0.90	)	$	0.80	$	0.27
Adjusted renewables margin ^*		1.16		(0.43	)		0.93		0.41
Direct operating expenses ^*		0.48		0.37			0.57		0.35

__________________________

* See “Non-GAAP Reconciliations” section below.

Renewables Throughput Data

	Three Months Ended December 31,		Year Ended December 31,
(in gallons per day)	2024	2023	2024	2023
Corn Oil	81,497	90,932	52,807	53,661
Soybean Oil	105,351	109,242	98,439	172,297
Other feedstocks and blendstocks	91,709	46,210	58,730	51,039
Total throughput	278,557	246,384	209,976	276,997

Renewables Production Data

	Three Months Ended December 31,				Year Ended December 31,
(in gallons per day)	2024		2023		2024		2023
Renewable diesel	163,110		176,200		134,399		200,015
Renewable naphtha	19,731		32,886		17,101		34,099
Renewable light ends	88,938		94,952		62,424		92,802
Other	67,293		42,106		41,064		45,552
Total production	339,072		346,144		254,988		372,468

Renewable diesel yield (as % of corn and soybean oil throughput)	87.8	%	88.0	%	89.2	%	88.5	%

Key Market Indicators

	Three Months Ended December 31,				Year Ended December 31,
	2024		2023		2024		2023
Chicago Board of Trade (CBOT) soybean oil (dollars per pound)	$	0.43	$	0.52	$	0.44	$	0.58
Midwest crude corn oil (dollars per pound)		0.46		0.62		0.50		0.61
CARB ULSD (dollars per gallon)		2.28		2.90		2.47		2.89
NYMEX ULSD (dollars per gallon)		2.23		2.85		2.44		2.81
California LCFS (dollars per metric ton)		72.05		68.71		60.07		72.52
Biodiesel RINs (dollars per RIN)		0.66		0.84		0.59		1.35

Nitrogen Fertilizer Segment

	Three Months Ended December 31,				Year Ended December 31,
(percent of capacity utilization)	2024		2023		2024		2023
Ammonia utilization rate ⁽¹⁾	96	%	94	%	96	%	100	%

_____________________

(1)

Reflects our ammonia utilization rates on a consolidated basis. Utilization is an important measure used by management to assess operational output at each of the Nitrogen Fertilizer Segment’s facilities. Utilization is calculated as actual tons produced divided by capacity. We present our utilization for the three and twelve months ended December 31, 2024 and 2023, respectively, and take into account the impact of our current turnaround cycles on any specific period. Additionally, we present utilization solely on ammonia production rather than each nitrogen product as it provides a comparative baseline against industry peers and eliminates the disparity of plant configurations for upgrade of ammonia into other nitrogen products. With our efforts being primarily focused on ammonia upgrade capabilities, this measure provides a meaningful view of how well we operate.

Sales and Production Data

	Three Months Ended December 31,				Year Ended December 31,
	2024		2023		2024		2023
Consolidated sales (thousands of tons):
Ammonia		97		98		271		281
UAN		310		320		1,260		1,395

Consolidated product pricing at gate (dollars per ton): ⁽¹⁾
Ammonia	$	475	$	461	$	479	$	573
UAN		229		241		248		309

Consolidated production volume (thousands of tons):
Ammonia (gross produced) ⁽²⁾		210		205		836		864
Ammonia (net available for sale) ⁽²⁾		80		75		270		270
UAN		310		306		1,273		1,369

Feedstock:
Petroleum coke used in production (thousands tons)		123		131		517		518
Petroleum coke used in production (dollars per ton)	$	55.71	$	77.09	$	59.69	$	78.14
Natural gas used in production (thousands of MMBtus) ⁽³⁾		2,224		2,033		8,667		8,462
Natural gas used in production (dollars per MMBtu) ⁽³⁾	$	3.00	$	2.95	$	2.56	$	3.42
Natural gas in cost of materials and other (thousands of MMBtus) ⁽³⁾		2,352		2,317		7,755		8,671
Natural gas in cost of materials and other (dollars per MMBtu) ⁽³⁾	$	2.50	$	2.83	$	2.50	$	3.84

______________________

(1)		Product pricing at gate represents sales less freight revenue divided by product sales volume in tons and is shown in order to provide a pricing measure that is comparable across the fertilizer industry.
(2)		Gross tons produced for ammonia represent total ammonia produced, including ammonia produced that was upgraded into other fertilizer products. Net tons available for sale represent ammonia available for sale that was not upgraded into other fertilizer products.
(3)		The feedstock natural gas shown above does not include natural gas used for fuel. The cost of fuel natural gas is included in direct operating expense.

Key Market Indicators

	Three Months Ended December 31,				Year Ended December 31,
	2024		2023		2024		2023
Ammonia — Southern plains (dollars per ton)	$	526	$	648	$	526	$	564
Ammonia — Corn belt (dollars per ton)		595		704		573		644
UAN — Corn belt (dollars per ton)		274		301		277		311

Natural gas NYMEX (dollars per MMBtu)	$	2.98	$	2.92	$	2.41	$	2.67

Q1 2025 Outlook

The table below summarizes our outlook for certain refining statistics and financial information for the first quarter of 2025. See “Forward-Looking Statements” above.

	Q1 2025
	Low			High
Petroleum
Total throughput (bpd)		120,000			135,000
Direct operating expenses (in millions) ⁽¹⁾	$	95		$	105
Turnaround ⁽²⁾		150			165

Renewables
Total throughput (in millions of gallons)		13			16
Direct Operating expenses (in millions) ⁽¹⁾	$	8		$	10

Nitrogen Fertilizer
Ammonia utilization rate		95	%		100	%
Direct operating expenses (in millions) ⁽¹⁾	$	55		$	65

Capital Expenditures (in millions) ⁽²⁾
Petroleum	$	30		$	40
Renewables		2			5
Nitrogen Fertilizer		12			16
Other		—			2
Total capital expenditures	$	44		$	63

____________________

(1)		Direct operating expenses are shown exclusive of depreciation and amortization and, for the Nitrogen Fertilizer Segment, turnaround expenses and inventory valuation impacts.
(2)		Turnaround and capital expenditures are disclosed on an accrual basis.

Non-GAAP Reconciliations

Reconciliation of Consolidated Net Income to EBITDA and Adjusted EBITDA

	Three Months Ended December 31,						Year Ended December 31,
(in millions)	2024			2023			2024			2023
Net income	$	40		$	97		$	45		$	878
Interest expense, net		20			9			77			52
Income tax (benefit) expense		(12	)		22			(26	)		207
Depreciation and amortization		74			76			298			298
EBITDA		122			204			394			1,435
Adjustments:
Revaluation of RFS liability, favorable		(57	)		(57	)		(89	)		(284	)
Unrealized loss (gain) on derivatives		6			(67	)		22			(32	)
Inventory valuation impacts, unfavorable		20			90			14			45
Gain on sale of equity method investment		(24	)		—			(24	)		—
Adjusted EBITDA	$	67		$	170		$	317		$	1,164

Reconciliation of Basic and Diluted Earnings per Share to Adjusted Earnings per Share

	Three Months Ended December 31,						Year Ended December 31,
	2024			2023			2024			2023
Basic and diluted earnings per share	$	0.28		$	0.91		$	0.06		$	7.65
Adjustments: ⁽¹⁾
Revaluation of RFS liability, favorable		(0.43	)		(0.42	)		(0.67	)		(2.12	)
Unrealized loss (gain) on derivatives		0.04			(0.50	)		0.16			(0.23	)
Inventory valuation impacts, unfavorable		0.16			0.66			0.12			0.34
Gain on sale of equity method investment		(0.18	)		—			(0.18	)		—
Adjusted (loss) earnings per share	$	(0.13	)	$	0.65		$	(0.51	)	$	5.64

___________________

(1)

Amounts are shown after-tax, using the Company’s marginal tax rate, and are presented on a per share basis using the weighted average shares outstanding for each period.

Reconciliation of Net Cash Provided By (Used In) Operating Activities to Free Cash Flow

	Three Months Ended December 31,						Year Ended December 31,
(in millions)	2024			2023			2024			2023
Net cash provided by (used in) operating activities	$	98		$	(36	)	$	404		$	948
Less:
Capital expenditures		(55	)		(55	)		(179	)		(205	)
Capitalized turnaround expenditures		(7	)		(4	)		(53	)		(57	)
Return on equity method investment		4			1			9			22
Free cash flow	$	40		$	(94	)	$	181		$	708

Reconciliation of Petroleum Segment Net Income to EBITDA and Adjusted EBITDA

	Three Months Ended December 31,						Year Ended December 31,
(in millions)	2024			2023			2024			2023
Petroleum net income	$	35		$	158		$	70		$	1,071
Interest income, net		(4	)		(10	)		(21	)		(75	)
Depreciation and amortization		41			48			174			189
Petroleum EBITDA		72			196			223			1,185
Adjustments:
Revaluation of RFS liability, favorable		(57	)		(57	)		(89	)		(284	)
Unrealized loss (gain) on derivatives, net		6			(67	)		22			(30	)
Inventory valuation impact, unfavorable ⁽¹⁾		12			80			6			32
Gain on sale of equity method investment		(24	)		—			(24	)		—
Petroleum Adjusted EBITDA		9			152			138			903

Reconciliation of Petroleum Segment Gross Profit to Refining Margin and Adjusted Refining Margin

	Three Months Ended December 31,						Year Ended December 31,
(in millions, except throughput data)	2024			2023			2024			2023
Net sales	$	1,755		$	1,997		$	6,920		$	8,287
Less:
Cost of materials and other		(1,590	)		(1,690	)		(6,236	)		(6,629	)
Direct operating expenses (exclusive of depreciation and amortization)		(101	)		(96	)		(421	)		(406	)
Depreciation and amortization		(41	)		(47	)		(174	)		(185	)
Gross profit		23			164			89			1,067
Add:
Direct operating expenses (exclusive of depreciation and amortization)		101			96			421			406
Depreciation and amortization		41			47			174			185
Refining margin		165			307			684			1,658
Adjustments:
Revaluation of RFS liability, favorable		(57	)		(57	)		(89	)		(284	)
Unrealized loss (gain) on derivatives, net		6			(67	)		22			(30	)
Inventory valuation impact, unfavorable ⁽¹⁾		12			80			6			32
Adjusted refining margin	$	126		$	263		$	623		$	1,376

Total throughput barrels per day		213,703			222,554			196,278			208,219
Days in the period		92			92			366			365
Total throughput barrels		19,660,650			20,474,980			71,837,644			75,999,905

Refining margin per total throughput barrel	$	8.37		$	15.01		$	9.53		$	21.82
Adjusted refining margin per total throughput barrel		6.45			12.91			8.67			18.11
Direct operating expenses per total throughput barrel		5.13			4.69			5.86			5.34

_____________________

(1)

The Petroleum Segment’s basis for determining inventory value under GAAP is First-In, First-Out (“FIFO”). Changes in crude oil prices can cause fluctuations in the inventory valuation of crude oil, work in process and finished goods, thereby resulting in a favorable inventory valuation impact when crude oil prices increase and an unfavorable inventory valuation impact when crude oil prices decrease. The inventory valuation impact is calculated based upon inventory values at the beginning of the accounting period and at the end of the accounting period.

Reconciliation of Renewables Segment Net Loss to EBITDA and Adjusted EBITDA

	Three Months Ended December 31,						Year Ended December 31,
(in millions)	2024			2023			2024			2023
Renewables net loss	$	(3	)	$	(30	)	$	(21	)	$	(36	)
Interest expense, net		—			(1	)		(1	)		(1	)
Depreciation and amortization		6			5			25			20
Renewables EBITDA		3			(26	)		3			(17	)
Adjustments:
Unrealized (gain) loss on derivatives, net		—			—			—			(2	)
Inventory valuation, (favorable) unfavorable ⁽¹⁾		6			9			7			14
Renewables Adjusted EBITDA	$	9		$	(17	)	$	10		$	(5	)

Reconciliation of Renewables Segment Gross Loss to Renewables Margin and Adjusted Renewables Margin

	Three Months Ended December 31,						Year Ended December 31,
(in millions, except throughput data)	2024			2023			2024			2023
Net sales	$	93		$	110		$	289		$	559
Less:
Cost of materials and other		(79	)		(127	)		(245	)		(537	)
Direct operating expenses (exclusive of depreciation and amortization)		(8	)		(7	)		(31	)		(28	)
Depreciation and amortization		(6	)		(5	)		(25	)		(20	)
Gross loss		—			(29	)		(12	)		(26	)
Add:
Direct operating expenses (exclusive of depreciation and amortization)		8			7			31			28
Depreciation and amortization		6			5			25			20
Renewables margin		14			(17	)		44			22
Unrealized (gain) loss on derivatives, net		—			—			—			(2	)
Inventory valuation, (favorable) unfavorable ⁽¹⁾		6			9			7			14
Adjusted renewables margin	$	20		$	(8	)	$	51		$	34

Total vegetable oil throughput gallons per day		186,970			200,174			151,278			225,957
Days in the period		92			92			366			365
Total vegetable oil throughput gallons		17,201,274			18,416,045			55,367,620			82,474,473

Renewables margin per vegetable oil throughput gallon	$	0.79		$	(0.90	)	$	0.80		$	0.27
Adjusted renewables margin per vegetable oil throughput gallon		1.16			(0.43	)		0.93			0.41
Direct operating expenses per vegetable oil throughput gallon		0.48			0.37			0.57			0.35

____________________

(1)

The Renewables Segment’s basis for determining inventory value under GAAP is FIFO. Changes in renewable diesel prices can cause fluctuations in the inventory valuation of renewable diesel, work in process and finished goods, thereby resulting in a favorable inventory valuation impact when renewable diesel prices increase and an unfavorable inventory valuation impact when renewable diesel prices decrease. The inventory valuation impact is calculated based upon inventory values at the beginning of the accounting period and at the end of the accounting period.

Reconciliation of Nitrogen Fertilizer Segment Net Income to EBITDA and Adjusted EBITDA

	Three Months Ended December 31,				Year Ended December 31,
(in millions)	2024		2023		2024		2023
Nitrogen Fertilizer net income	$	18	$	10	$	61	$	172
Add:
Interest expense, net		7		7		30		29
Depreciation and amortization		25		21		88		80
Nitrogen Fertilizer EBITDA and Adjusted EBITDA	$	50	$	38	$	179	$	281

The MIL Network –

February 19, 2025

MIL-OSI USA: Flags Half-staff to Honor Binghamton Firefighter

Source: US State of New York

Governor Kathy Hochul today announced flags on State buildings will be flown at half-staff in honor of Binghamton firefighter John R. Gaudet. Gaudet was fatally injured in the line of duty while responding to a fire on February 12.

“As a firefighter, a youth athletics coach, a husband and a father, John Gaudet was a consummate public servant who devoted his life to the community he loved,” Governor Hochul said. “My heart goes out to his family and to all those mourning this tragic loss, and I pray that his legacy will endure through his extraordinary acts of service.”

A lifelong resident of Binghamton, Gaudet is survived by his wife, Felly, and their three children, Charles, Vanessa and Michael.

MIL OSI USA News –

February 19, 2025

MIL-OSI Security: Houston felon sentenced for federal firearms violation in Eastern District of Texas

Source: Office of United States Attorneys

BEAUMONT, Texas – A Houston convicted felon has been sentenced to prison for a federal firearms violation in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.

Bobby Ray Emanis, 40, pleaded guilty to possession of a firearm by a felon and was sentenced to 70 months in federal prison by U.S. District Judge Marcia Crone on February 18, 2025.

According to information presented in court, in September 2023, a deputy with the Liberty County Sheriff’s Office was dispatched to a suspicious vehicle on County Road 2286 in Cleveland. The vehicle was parked in the roadway with its lights off. The truck had no front license plate and no registration sticker in the windshield. Emanis was identified as the driver and informed the deputy there was a sawed-off shotgun behind the seat. The loaded shotgun was recovered. Further investigation revealed Emanis was a convicted felon, having been previously convicted of numerous violations in Liberty County, Nacogdoches County, and Harris County. As a convicted felon, Emanis knew he was prohibited by federal law from owning or possessing firearms or ammunition.

This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

This case was investigated by the Liberty County Sheriff’s Office and the Bureau of Alcohol, Tobacco, Firearms, and Explosives and prosecuted by Assistant U.S. Attorney Matt Quinn.

###

MIL Security OSI –

February 19, 2025

MIL-OSI Security: Will Thompson Concludes His Service as United States Attorney

Source: Office of United States Attorneys

CHARLESTON, W.Va. – Will Thompson announced today that he has concluded his tenure as the United States Attorney for the Southern District of West Virginia, effective immediately.

“Serving as the United States Attorney has genuinely been a career highlight,” Thompson said. “Thinking that a boy who grew up in Boone County, West Virginia, would be able to serve his country in such a prestigious and vital role leaves me in awe. I am proud of the office’s work under my leadership and that my team has strengthened its relationship and reputation with our federal, state, and local law enforcement partners, as well as with the judiciary and general public.”

Thompson was nominated by President Joseph R. Biden, Jr., on August 10, 2021. The United States Senate confirmed Thompson by voice vote on October 5, 2021. After taking his oath of office on October 13, 2021, Thompson led an office of 34 attorneys and 41 non-attorney personnel located in offices in Charleston, Huntington, and Beckley.

Thompson appreciates the role that former Senator Joe Manchin played in securing his nomination from President Biden, and the role that Manchin and Senator Shelley Moore Capito played in getting him confirmed by the United States Senate. Thompson also appreciates the relationships he built and strengthened with state officials and the district’s state prosecutors, sheriffs, and chiefs of police.

Thompson commends the Assistant United States Attorneys and support personnel who served with him. He appreciates the career people who there when he entered the office and the employees he hired during his tenure.

“The people of this office are the true backbone of federal prosecution and representation in this district,” Thompson said. “They all serve with dignity and respect for the rule of law. They are vital to the mission of the Department of Justice, which is to keep our communities safe.”

Thompson is most proud of three accomplishments while he was in office. The first is the significant decline in overdose deaths. He attributes that to his office’s change of strategy from targeting street-level drug dealers to mid- and upper-level drug distributors. This strategy has removed hundreds of pounds of this poison from communities throughout the district. His office has disrupted supply chains of fentanyl that were coming directly into the district from China and methamphetamine that was coming directly from the cartels in Mexico. As part of his plan to lower the overdose rates, Thompson also championed prevention and treatment opportunities across the district.

Thompson is also proud of his work in reducing violent crime and overall crime in the district. Thompson attributes this reduction to several factors. He improved communications and relationships with the office’s law enforcement partners. Thompson also worked with state and local partners to obtain federal grants to give them more resources to their jobs more. Finally, given that the majority of crimes in West Virginia are connected to the drug trade, the office’s revised strategy has helped reduce the crime rate.

The third accomplishment that Thompson is proud of is using his skills as a former trial court judge to instigate a vigorous review process of cases to ensure there were no evidentiary issues. Thompson met with law enforcement partners throughout the district and informed them of this new review process. He had his office work more closely with the officers to address the issues, assist with writing search warrants, and help with other search and seizure issues.

As United States Attorney, Thompson was the chief federal law enforcement officer in the southern half of West Virginia. The office is responsible for prosecuting federal crimes in the district, including crimes related to terrorism, public corruption, child exploitation, firearms, and narcotics. The office also defends the United States in civil cases and collects debts owed to the United States.

The results of the revised approach to drug cases under Thompson include Operation Smoke and Mirrors, which dismantled a high-volume drug trafficking organization (DTO) that operated in the Charleston area and yielded the largest methamphetamine seizure in West Virginia history.

Following the trail of methamphetamine in West Virginia back to Los Angeles, California, and the U.S. southern border, investigators seized well over 400 pounds of methamphetamine, 40 pounds of cocaine, 3 pounds of fentanyl, 19 firearms, and $935,000 in cash. The DTO was directly involved in price fixing in the methamphetamine trade by raising the price of methamphetamine coming into the United States from Mexico based on fluctuations in the currency conversion rate.

Four separate indictments led to the convictions of 31 defendants, including the DTO’s in-state leaders and California-based suppliers. Over 20 defendants have been sentenced to prison, including eight to terms of more than 10 years. Three low-level defendants were referred to the Alternative Treatment Court (ATC). Thompson also supported the ATC program, which provides a blend of treatment that focuses on drug and mental health treatment, and alternative sanctions to effectively address offender behavior, rehabilitation, and education and job skills training.

Thompson also led the prosecution of a Kanawha County man who was sentenced to 14 years in prison for possession with the intent to distribute fentanyl. The defendant set up a workshop in a rented St. Albans apartment were he made fake 30-milligram oxycodone pills. The defendant admitted that the fentanyl came from a source outside the United States and that the pill press came from China. Investigators seized over 10,000 pills and nearly $80,000 in this case.

Thompson’s office also obtained guilty verdicts against a Logan County physician for four counts of distribution of a controlled substance. The defendant had previously pleaded guilty to using a registration number in violation of federal law and engaging in monetary transactions in property derived from specified unlawful activity. His medical license and office are subject to forfeit to the government as a result of the latest convictions.

The office under Thompson also secured convictions against the majority of the defendants in prosecutions that dismantled a Huntington-area DTO responsible for distributing large quantities of methamphetamine and fentanyl and a Beckley-area DTO that distributed methamphetamine, fentanyl, and cocaine base, also known as “crack.”

While having the utmost respect for law enforcement officers, Thompson had zero tolerance for officers who break the law and violate people’s civil rights. In what Thompson considered the most critical civil rights case during his tenure, he personally participated in the investigation and prosecution of eight former West Virginia correctional officers who were charged and convicted in connection with a March 1, 2022, assault that resulted in the death of a Southern Regional Jail inmate and the subsequent cover-up. After four days of trial, the final defendant was found guilty on January 27, 2025.

A former Fayette County law enforcement officer was sentenced to 25 years in prison, to be followed by 10 years of supervised release, and ordered to pay $80,000 in restitution for sex trafficking a 17-year-old minor female and obstructing the resulting investigation. Following four days of trial, a federal jury found the defendant guilty on April 28, 2023, of conspiracy to engage in sex trafficking of a minor via coercion, sex trafficking of a minor via coercion, and two counts of obstruction of justice.

A former Nicholas County deputy sheriff was convicted of the production of child pornography and sentenced to 20 years in prison. The defendant took two videos of the child victim, who was under the age of 12 and was sleeping on a couch. In the first video, he walked toward her and zoomed in on her buttocks. In the second video, he recorded his exposed penis and him masturbating near the sleeping girl. He then used Snapchat to distribute the videos to multiple users. When Snapchat shut down his account, he created another Snapchat account to distribute child pornography.

A former Logan police officer was sentenced to nine years in prison after a jury convicted him of using excessive force against an arrestee. At the trial, the jury heard evidence that he assaulted the victim in a bathroom, then dragged him into another room and rammed his head against a door frame, leaving the victim unconscious and lying in a pool of his own blood.

The office successfully prosecuted 18 individuals in connection with a scheme to traffic over 140 firearms from southern West Virginia to Philadelphia, Pennsylvania. Over 50 of the firearms were recovered at crime scenes, primarily in Philadelphia, and were connected to two homicides, crimes of domestic violence, and other violent offenses. The ringleader was sentenced to 25 years in prison, to be followed by three years of supervised release.

The Southern District of West Virginia became a national leader in prosecuting bankruptcy fraud under Thompson’s leadership. Among those cases, a Charleston developer was sentenced to one year and one day in prison, followed by three years of supervised release, and ordered to pay $730,326.43 in restitution for falsifying bankruptcy records. The former chief executive officer of the entity that operated the West Virginia Courtesy Patrol was sentenced to five years of federal probation and ordered to pay $205,802.49 for fraudulent receipt of property from a debtor. A Putnam County man was sentenced to 30 days in prison to be followed by three years of supervised release, including five months on home detention, and ordered to pay $24,662.56 in restitution for knowingly and fraudulently making a false declaration in a bankruptcy case.

The office successfully prosecuted other forms of white-collar crime under Thompson. A Kentucky businessman pleaded guilty on behalf of himself and two limited liability companies for their roles in the January 2018 discharge of oil into the Big Sandy River. The defendants were sentenced to terms of probation and also ordered to pay $1,856,957.92 in restitution. The LLC defendants cannot conduct or operate any business during their five-year terms of corporate probation.

Nine defendants were convicted in connection with multiple internet-based fraud schemes operated in the Huntington area that defrauded hundreds of individuals across the country. The schemes defrauded at least 200 victims, many of whom are elderly, of at least $2.5 million. The final convicted defendant was sentenced to one year and one day in prison, followed by three years of supervised release, ordered to pay $904,126.96 in restitution, and participated in a digital awareness campaign to alert West Virginians to online fraud scams.

The office also secured 20 convictions related to COVID-19 benefits fraud under Thompson, with court-ordered restitution and a civil penalty in these cases exceeding $1,330,000.

Under Thompson’s leadership, the office secured a 15-count indictment charging a Kanawha County man with wire fraud, money laundering, and obstruction. The indictment alleges the defendant conceived and carried out two real estate-related investment fraud schemes that caused losses of between $395,000 and $434,501.42. The defendant’s mother pleaded guilty late last year to aiding and abetting the sale and offer of unregistered securities as a result of the investigation in this case.

The office also secured an 18-count indictment charging the former maintenance director for Boone County Schools with mail fraud, conspiracy to commit mail fraud, theft concerning programs receiving federal funds, and money laundering. The indictment alleges the defendant used his position to defraud the Boone County Board of Education out of approximately $3,400,000. To date, three other individuals have been charged as a result of this investigation.

An indictment is merely an allegation and all defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

Before taking office as United States Attorney, Thompson was a Circuit Court Judge in West Virginia’s 25th Judicial Circuit. He was appointed to that position in 2007 and re-elected in 2008 and 2016. Thompson presided over several treatment courts, including the first family treatment court in West Virginia. Before becoming a Circuit Court Judge, Thompson practiced law at the Cook and Cook law firm in Boone County. There, he focused on litigation, which included representing several hundred indigent clients in criminal defense and other matters. Thompson also previously served as President of Madison Healthcare, Inc. and as Vice President of Danville Lumber Company.

Thompson was born in Charleston and raised in Boone County, West Virginia. He earned a degree in civil engineering from West Virginia University and a law degree from West Virginia University College of Law.

A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia.

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MIL Security OSI –

February 19, 2025

MIL-OSI Security: Sex Offender Pleads Guilty to Child Pornography Crime

Source: Office of United States Attorneys

HUNTINGTON, W.Va. – Ampless Ray Lilly, 52, of Huntington, pleaded guilty today to possession of child pornography.

According to court documents and statements made in court, from on or about February 20, 2023, through on or about April 23, 2024, Lilly knowingly received approximately 2,900 images and 1,100 videos containing child pornography on his mobile phone while accessing the internet from his Huntington residence. Lilly admitted that the child pornography he downloaded included depictions of prepubescent minors engaged in sexually explicit conduct and depictions of minor children subjected to sadistic or masochistic conduct or other depictions of violence. Lilly further admitted that he distributed images and videos containing child pornography through the internet.

Lilly is scheduled to be sentenced on June 5, 2025, and faces a mandatory minimum of 10 years and up to 20 years in prison, at least five years and up to a lifetime of supervised release, and a $250,000 fine.

Lilly is a registered sex offender as a result of his guilty plea to first-degree sexual assault in Lincoln County Circuit Court on January 22, 1993. During the time period of the current offense, Lilly began serving a five-year term of probation imposed on November 13, 2023, after he pleaded guilty to being a felon in possession of a firearm in United States District Court for the Southern District of West Virginia on August 14, 2023. A petition to revoke that probation has been filed and is currently pending.

Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the West Virginia State Police.

United States District Judge Robert C. Chambers presided over the hearing. Assistant United States Attorney Gabriel Price is prosecuting the case.

This case was prosecuted as part of Project Safe Childhood, a nationwide initiative of the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorney’s Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute those who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 3:25-cr-15.

###

MIL Security OSI –

February 19, 2025

MIL-OSI: SiriusPoint reports ninth consecutive quarter of underwriting profits with FY Core combined ratio of 91.0%

Source: GlobeNewswire (MIL-OSI)

HAMILTON, Bermuda, Feb. 18, 2025 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its fourth quarter ended December 31, 2024

Combined ratio of 90.2% in the fourth quarter for Core business, representing a 3.2 point improvement versus prior year, resulting in a full year 2024 Core combined ratio of 91.0% and Core underwriting income of $200 million
Growth in the quarter of 21% on gross premiums written for continuing lines business (excluding 2023 exited programs), contributing to 10% growth for the full year
Fourth quarter net loss of $21 million, materially impacted by three significant items linked to our efforts to reposition the Company, including the CM Bermuda repurchase transaction, closure of previously announced LPT transaction with Enstar, and the write-down of a single MGA investment. This marks the end of the significant reshaping of the Company
Underlying net income of $44 million in the fourth quarter contributing to $304 million for the full year, up 14% versus prior year
Return on equity for 2024 of 9.1%, or 14.6% on an underlying basis and at the upper end of the target range of 12-15%
Book value per diluted common share (ex. AOCI) of $14.64, up 2.7% in the quarter and up 9.8% from December 31, 2023. Balance sheet remains strong post CM Bermuda transaction with Q4’24 BSCR estimate at 214%
Permanent retirement of the 45.7 million common shares repurchased from CM Bermuda on closure of the transaction, driving greater than 20% earnings per share accretion

Scott Egan, Chief Executive Officer, said: “2024 has been a remarkable year of delivery for SiriusPoint. Despite increased catastrophe activity, our Core combined ratio has improved meaningfully from last year to 91.0%, excluding the impact from the loss portfolio transfer in 2023. Our 4.2 point improvement in attritional loss ratio demonstrates our focus on improving the quality of our underwriting. We saw 21% growth of gross premiums written for the quarter and 10% for the full year for our continuing lines business.

Our underlying return on equity of 14.6% is at the upper end of the 12-15% target range set out a year ago. In optimizing our capital position, we have returned over $1 billion to investors during 2024 while maintaining robust capital ratios, due to our strong performance, reshaping actions, and capital generation over the past two years.

We have strengthened our underlying business performance year-over-year, providing a strong basis for 2025. While this quarter our net income was impacted by several one-off items, we see 2024 as the end of the repositioning and reshaping of the Company. Our efforts are now fully focused on both growing the business and continuing to enhance performance.

I take great pride in the accomplishments of the SiriusPoint team, who have worked with commitment and dedication to produce improvements in our underlying results, quarter after quarter. I am immensely grateful for all that they do every day for our customers, partners and shareholders.”

Fourth Quarter 2024 Highlights

Net loss attributable to SiriusPoint common shareholders of $21.3 million, or $0.13 per diluted common share
Core income of $66.7 million, including underwriting income of $56.3 million, Core combined ratio of 90.2%
Core net services fee income of $10.4 million, with service margin of 20.2%
Net investment income of $68.9 million and total investment result of $29.0 million
Book value per diluted common share decreased $0.13 per share, or 0.9%, from September 30, 2024 to $14.60
Annualized return on average common equity of (4.0)%

Year Ended December 31, 2024

Net income available to SiriusPoint common shareholders of $183.9 million, or $1.04 per diluted common share
Core income of $244.6 million, including underwriting income of $200.0 million, Core combined ratio of 91.0%
Core net services fee income of $46.7 million, with service margin of 21.0%
Net investment income of $303.6 million and total investment result of $224.6 million
Book value per diluted common share increased $1.25 per share, or 9.4%, from December 31, 2023 to $14.60
Return on average common equity of 9.1%
Debt to capital ratio increased to 24.8% compared to 23.8% as of December 31, 2023

Key Financial Metrics

The following table shows certain key financial metrics for the three and twelve months ended December 31, 2024 and 2023:


	Three months ended						Twelve months ended
	December 31, 2024			December 31, 2023			December 31, 2024			December 31, 2023
	($ in millions, except for per share data and ratios)
Combined ratio		94.4	%		93.6	%		88.3	%		84.5	%
Core underwriting income (1)	$	56.3		$	37.0		$	200.0		$	250.2
Core net services income (1)	$	10.4		$	9.3		$	44.6		$	41.2
Core income (1)	$	66.7		$	46.3		$	244.6		$	291.4
Core combined ratio (1)		90.2	%		93.4	%		91.0	%		89.1	%
Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders	(4.0		)%		17.1	%		9.1	%		16.2	%
Book value per common share	$	14.92		$	13.76		$	14.92		$	13.76
Book value per diluted common share	$	14.60		$	13.35		$	14.60		$	13.35
Book value per diluted common share ex. AOCI (1)	$	14.64		$	13.33		$	14.64		$	13.33
Tangible book value per diluted common share (1)	$	13.42		$	12.47		$	13.42		$	12.47

(1)

Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. See definitions in “Non-GAAP Financial Measures” and reconciliations in “Segment Reporting.” Book value per diluted common share ex. AOCI and tangible book value per diluted common share are non-GAAP financial measures. See definition and reconciliation in “Non-GAAP Financial Measures.”

Fourth Quarter 2024 Summary

Consolidated underwriting income for the three months ended December 31, 2024 was $32.7 million compared to $36.7 million for the three months ended December 31, 2023. The decrease was primarily driven by higher catastrophe losses, partially offset by an increase in favorable prior year loss reserve development. Catastrophe losses, net of reinsurance and reinstatement premiums, were $38.6 million, or 6.5 percentage points on the combined ratio, for the three months ended December 31, 2024 mainly from Hurricane Milton, compared to minimal losses for the three months ended December 31, 2023. Favorable prior year reserve development was $37.3 million primarily driven by favorable development in Reinsurance, mainly in Property and Specialty from reserve releases relating to prior year’s catastrophe events, as well as in Insurance & Services, mainly due to lower than expected reported attritional losses in A&H, compared to $11.1 million for the three months ended December 31, 2023 which included reserve strengthening for specific areas of uncertainty for the loss reserves.

Consolidated underwriting income for the year ended December 31, 2024 was $276.4 million compared to $375.9 million for the year ended December 31, 2023. The decrease was primarily driven by lower favorable prior year loss reserve development as the year ended December 31, 2023 included $127.8 million driven by reserving analyses performed in connection with the loss portfolio transfer transaction with Pallas Reinsurance Company Ltd that closed on June 30, 2023 (“2023 LPT”). Excluding the favorable development linked to the 2023 LPT, underwriting income increased by $15.8 million primarily driven by favorable development in Reinsurance, as well as lower attritional losses in both Reinsurance and Insurance & Services, partially offset by higher acquisition costs from business mix changes, including the growth of Insurance & Services, and higher catastrophe losses. Catastrophe losses, net of reinsurance and reinstatement premiums, were $54.8 million, or 2.3 percentage points on the combined ratio, for the year ended December 31, 2024, primarily driven by Hurricanes Milton and Helene, compared to $24.8 million, or 1.0 percentage points on the combined ratio, for the year ended December 31, 2023, primarily driven by the Turkey Earthquake and Chile Wildfire.

Reportable Segments

The determination of our reportable segments is based on the manner in which management monitors the performance of our operations, which consist of two reportable segments – Reinsurance and Insurance & Services.

Collectively, the sum of our two segments, Reinsurance and Insurance & Services, constitute our “Core” results. Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. See reconciliations in “Segment Reporting”. We believe it is useful to review Core results as it better reflects how management views the business and reflects our decision to exit the runoff business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

Three months ended December 31, 2024 and 2023

Core Premium Volume

Gross premiums written increased by $42.7 million, or 5.9%, to $762.5 million for the three months ended December 31, 2024 compared to $719.8 million for the three months ended December 31, 2023. Net premiums earned increased by $23.2 million, or 4.2%, to $581.6 million for the three months ended December 31, 2024 compared to $558.4 million for the three months ended December 31, 2023. The increases in premium volume were primarily driven by increases in Insurance & Services from strategic organic and new program growth, as well higher A&H premiums, and in Reinsurance in Specialty and Property from new business and renewal growth. These increases were partially offset by the movement of certain lines from Insurance & Services to Corporate, including the non-renewal of a Workers’ Compensation program and the planned transition of a Cyber program to another carrier, representing $89.9 million of gross premiums written for the three months ended December 31, 2023.

Core Results

Core results for the three months ended December 31, 2024 included income of $66.7 million compared to $46.3 million for the three months ended December 31, 2023. Income for the three months ended December 31, 2024 consists of underwriting income of $56.3 million (90.2% combined ratio) and net services income of $10.4 million, compared to underwriting income of $37.0 million (93.4% combined ratio) and net services income of $9.3 million for the three months ended December 31, 2023. The improvement in net underwriting results was primarily driven by increased favorable prior year loss reserve development and lower attritional losses, partially offset by higher catastrophe losses.

Losses incurred included $58.1 million of favorable prior year loss reserve development for the three months ended December 31, 2024 mainly in Property and Specialty from reserve releases relating to prior year’s catastrophe events, compared to $37.7 million for the three months ended December 31, 2023 driven by management reflecting the continued favorable reported loss emergence through December 31, 2023 in its best estimate of reserves.

Catastrophe losses, net of reinsurance and reinstatement premiums, for the three months ended December 31, 2024, were $38.6 million, or 6.6 percentage points on the combined ratio, mainly from Hurricane Milton, compared to minimal losses for the three months ended December 31, 2023. Despite increased catastrophe losses for the three months ended December 31, 2024, catastrophe losses for the year ended December 31, 2024 were in line with our expectations evidencing our actions to reduce our catastrophe exposed business during the last two years.

Year ended December 31, 2024 and 2023

Core Premium Volume

Gross premiums written decreased by $134.3 million, or 4.1%, to $3,176.4 million for the year ended December 31, 2024 compared to $3,310.7 million for the year ended December 31, 2023. Net premiums earned decreased by $81.5 million, or 3.6%, to $2,199.1 million for the year ended December 31, 2024 compared to $2,280.6 million for the year ended December 31, 2023. The decreases in premium volume were primarily due to the movement of certain lines from Insurance & Services to Corporate, including the non-renewal of a Workers’ Compensation program and the planned transition of a Cyber program to another carrier, representing $421.8 million of gross premiums written for the year ended December 31, 2023, with the most significant offset being strategic organic and new program growth within Insurance & Services.

Core Results

Core results for the year ended December 31, 2024 included income of $244.6 million compared to $291.4 million for the year ended December 31, 2023. Income for the year ended December 31, 2024 consists of underwriting income of $200.0 million (91.0% combined ratio) and net services income of $44.6 million, compared to underwriting income of $250.2 million (89.1% combined ratio) and net services income of $41.2 million for the year ended December 31, 2023. The decrease in net underwriting results was primarily driven by lower favorable prior year loss reserve development as the year ended December 31, 2023 included $104.8 million driven by reserving analyses performed in connection with the 2023 LPT.

Excluding the favorable development linked to the 2023 LPT, net underwriting income increased by $49.0 million primarily driven by favorable development in Reinsurance, mainly in Property and Specialty from reserve releases relating to prior year’s catastrophe events, as well as lower attritional losses in both Reinsurance and Insurance & Services, partially offset by higher acquisition costs from business mix changes, including the growth of Insurance & Services, and higher catastrophe losses.

For the year ended December 31, 2024 catastrophe losses, net of reinsurance and reinstatement premiums, were $54.8 million, or 2.5 percentage points on the combined ratio, which includes losses from Hurricanes Milton and Helene compared to $13.5 million, or 0.6 percentage points on the combined ratio, including losses from the Turkey Earthquake, Hawaii wildfires and Hurricane Idalia, for the year ended December 31, 2023.

Reinsurance Segment

Three months ended December 31, 2024 and 2023

Reinsurance gross premiums written were $312.2 million for the three months ended December 31, 2024, an increase of $60.5 million, or 24.0%, compared to the three months ended December 31, 2023, primarily driven by new business and renewal growth across Specialty and Property, partially offset by reduced premiums written in Casualty reflecting underwriting actions to improve profitability.

Reinsurance generated underwriting income of $18.3 million (93.2% combined ratio) for the three months ended December 31, 2024, compared to underwriting income of $27.8 million (88.6% combined ratio) for the three months ended December 31, 2023. The decrease in net underwriting results was primarily due to higher catastrophe losses, partially offset by increased favorable development. Catastrophe losses, net of reinsurance and reinstatement premiums, for the three months ended December 31, 2024, were $35.2 million, or 13.2 percentage points on the combined ratio, mainly from Hurricane Milton, compared to minimal losses for the three months ended December 31, 2023. Losses incurred included $41.8 million of favorable prior year loss reserve development for the three months ended December 31, 2024 mainly in Property and Specialty from reserve releases relating to prior year’s catastrophe events, compared to $21.1 million for the three months ended December 31, 2023 driven by management reflecting the continued favorable reported loss emergence through December 31, 2023 in its best estimate of reserves.

Year ended December 31, 2024 and 2023

Reinsurance gross premiums written were $1,335.6 million for the year ended December 31, 2024, an increase of $64.6 million, or 5.1%, compared to the year ended December 31, 2023, primarily driven by new business and renewal growth across Specialty and Property, partially offset by reduced premiums written in Casualty reflecting underwriting actions to improve profitability.

Reinsurance generated underwriting income of $124.8 million (88.0% combined ratio) for the year ended December 31, 2024, compared to underwriting income of $206.2 million (80.0% combined ratio) for the year ended December 31, 2023. The decrease in net underwriting results was primarily due to decreased favorable prior year loss reserve development and higher catastrophe losses, partially offset by lower attritional losses. Net favorable prior year loss reserve development was $75.0 million for the year ended December 31, 2024 primarily driven by favorable development in Property and Specialty from reserve releases relating to prior year’s catastrophe events, compared to $140.8 million for the year ended December 31, 2023, which included $93.0 million driven by reserving analyses performed in connection with the 2023 LPT.

For the year ended December 31, 2024, catastrophe losses, net of reinsurance and reinstatement premiums, were $49.5 million, or 4.7 percentage points on the combined ratio, which includes losses from Hurricanes Milton and Helene compared to $12.2 million, or 1.2 percentage points on the combined ratio, including losses from the Turkey Earthquake, Hawaii wildfires and Hurricane Idalia for the year ended December 31, 2023.

Insurance & Services Segment

Three months ended December 31, 2024 and 2023

Insurance & Services gross premiums written were $450.3 million for the three months ended December 31, 2024, a decrease of $17.8 million, or 3.8%, compared to the three months ended December 31, 2023, primarily driven by the movement of certain lines from Insurance & Services to Corporate, including the non-renewal of a Workers’ Compensation program and the planned transition of a Cyber program to another carrier, representing $89.9 million of gross premiums written for the three months ended December 31, 2023, partially offset by strategic organic and new program growth, as well higher A&H premiums.

Insurance & Services generated segment income of $48.4 million for the three months ended December 31, 2024, compared to $16.8 million for the three months ended December 31, 2023. Segment income for the three months ended December 31, 2024 consists of underwriting income of $38.0 million (87.9% combined ratio) and net services income of $10.4 million, compared to underwriting income of $9.2 million (97.0% combined ratio) and net services income of $7.6 million for the three months ended December 31, 2023. The improvement in underwriting results was primarily driven by our decreased loss ratio mainly from lower attritional losses, partially offset by higher acquisition costs from business mix changes as we grow our Insurance & Services segment.

Year ended December 31, 2024 and 2023

Insurance & Services gross premiums written were $1,840.8 million for the year ended December 31, 2024, a decrease of $198.9 million, or 9.8%, compared to the year ended December 31, 2023, primarily driven by the movement of certain lines from Insurance & Services to Corporate, including the non-renewal of a Workers’ Compensation program and the planned transition of a Cyber program to another carrier, representing $421.8 million of gross premiums written for the year ended December 31, 2023, as well as lower A&H premiums, partially offset by strategic organic and new program growth.

Insurance & Services generated segment income of $119.8 million for the year ended December 31, 2024, compared to income of $86.3 million for the year ended December 31, 2023. Segment income for the year ended December 31, 2024 consists of underwriting income of $75.2 million (93.5% combined ratio) and net services income of $44.6 million, compared to underwriting income of $44.0 million (96.5% combined ratio) and net services income of $42.3 million for the year ended December 31, 2023. The improvement in underwriting income of $31.2 million for the year ended December 31, 2024 compared to the year ended December 31, 2023 was primarily driven by our decreased loss ratio mainly from lower attritional losses, partially offset by higher acquisition costs from business mix changes as we grow our Insurance & Services segment.

As of December 31, 2024, we have equity stakes in 20 entities (managing general agents (“MGAs”), Insurtech and Other) compared to 36 at the start of 2023. We continue to rationalize our MGA equity stakes and realize the significant off-balance sheet value of our consolidated MGAs, with 6 of these rationalized in 2024. Book value for our three consolidated MGAs was $90.1 million as of December 31, 2024, compared to $76.3 million at December 31, 2023, when adjusted to exclude Arcadian Risk Capital Ltd. which we deconsolidated on June 30, 2024.

Investments

Three months ended December 31, 2024 and 2023

Total net investment income and realized and unrealized investment gains (losses) for the three months ended December 31, 2024 was primarily attributable to net investment income related to interest income from our debt portfolio of $61.2 million, partially offset by unrealized losses resulting from fair value analyses on our strategic investment portfolio.

Total net investment income and realized and unrealized investment gains (losses) for the three months ended December 31, 2023 was primarily attributable to investment results from our debt and short-term investment portfolio of $68.5 million. This result was driven by interest income primarily on securitized assets and corporate debt positions, which made up 65.6% of our total investments as of December 31, 2023.

Year ended December 31, 2024 and 2023

Total net investment income and realized and unrealized investment gains (losses) for the year ended December 31, 2024 was primarily attributable to net investment income related to interest income from our debt and short-term investment portfolio of $289.7 million, partially offset by unrealized losses on other long-term investments of $70.0 million. Increased investment income is primarily due to the rotation of the portfolio from cash and cash equivalents and U.S. government and government agency positions to high-grade corporate debt and other securitized assets, in an effort to better diversify our portfolio. Losses on private other long-term investments were the result of updated fair value analyses consistent with the current insurtech market trends and disposals of positions as we execute our strategy to focus on underwriting relationships with MGAs.

Total net investment income and realized and unrealized investment gains (losses) for the year ended December 31, 2023 was primarily attributable to net investment income related to interest income from our debt and short-term investment portfolio of $277.0 million.

Webcast Details

The Company will hold a webcast to discuss its fourth quarter 2024 results at 8:30 a.m. Eastern Time on February 19, 2025. The webcast of the conference call will be available over the Internet from the Company’s website at www.siriuspt.com under the “Investor Relations” section. Participants should follow the instructions provided on the website to download and install any necessary audio applications. The conference call will be available by dialing 1-877-451-6152 (domestic) or 1-201-389-0879 (international). Participants should ask for the SiriusPoint Ltd. fourth quarter 2024 earnings call.

The online replay will be available on the Company’s website immediately following the call at www.siriuspt.com under the “Investor Relations” section.

Safe Harbor Statement Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “intends,” “seeks,” “anticipates,” “aims,” “plans,” “targets,” “estimates,” “expects,” “assumes,” “continues,” “guidance,” “should,” “could,” “will,” “may” and the negative of these or similar terms and phrases. Specific forward-looking statements in this press release include, but are not limited to, statements regarding the trend of our performance as compared to the previous guidance, the success of our strategic transaction with CMIG International Holding Pte. Ltd., the current insurtech market trends, our ability to generate shareholder value and whether we will continue to have momentum in our business in the future. Actual events, results and outcomes may differ materially from the Company’s expectations due to a variety of known and unknown risks, uncertainties and other factors. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: our ability to execute on our strategic transformation, including re-underwriting to reduce volatility and improve underwriting performance, de-risking our investment portfolio, and transforming our business; the impact of unpredictable catastrophic events, including uncertainties with respect to current and future COVID-19 losses across many classes of insurance business and the amount of insurance losses that may ultimately be ceded to the reinsurance market, supply chain issues, labor shortages and related increased costs, changing interest rates and equity market volatility; inadequacy of loss and loss adjustment expense reserves, the lack of available capital, and periods characterized by excess underwriting capacity and unfavorable premium rates; the performance of financial markets, impact of inflation and interest rates, and foreign currency fluctuations; our ability to compete successfully in the insurance and reinsurance market and the effect of consolidation in the insurance and reinsurance industry; technology breaches or failures, including those resulting from a malicious cyber-attack on us, our business partners or service providers; the effects of global climate change, including increased severity and frequency of weather-related natural disasters and catastrophes, including wildfires, and increased coastal flooding in many geographic areas; geopolitical uncertainty, including the ongoing conflicts in Europe and the Middle East and the new presidential administration in the U.S.; our ability to retain key senior management and key employees; a downgrade or withdrawal of our financial ratings; fluctuations in our results of operations; legal restrictions on certain of SiriusPoint’s insurance and reinsurance subsidiaries’ ability to pay dividends and other distributions to SiriusPoint; the outcome of legal and regulatory proceedings and regulatory constraints on our business; reduced returns or losses in SiriusPoint’s investment portfolio; our exposure or potential exposure to corporate income tax in Bermuda and the E.U., U.S. federal income and withholding taxes and our significant deferred tax assets, which could become devalued if we do not generate future taxable income or applicable corporate tax rates are reduced; risks associated with delegating authority to third party managing general agents; future strategic transactions such as acquisitions, dispositions, investments, mergers or joint ventures; SiriusPoint’s response to any acquisition proposal that may be received from any party, including any actions that may be considered by the Company’s Board of Directors or any committee thereof; and other risks and factors listed under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other subsequent periodic reports filed with the Securities and Exchange Commission.

All forward-looking statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures and Other Financial Metrics

In presenting SiriusPoint’s results, management has included financial measures that are not calculated under standards or rules that comprise accounting principles generally accepted in the United States (“GAAP”). SiriusPoint’s management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of SiriusPoint’s financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. Core underwriting income, Core net services income, Core income, and Core combined ratio are non-GAAP financial measures. Management believes it is useful to review Core results as it better reflects how management views the business and reflects the Company’s decision to exit the runoff business. Book value per diluted common share excluding accumulated other comprehensive income (loss) (“AOCI”) and tangible book value per diluted common share, as presented, are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is book value per common share. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. Management believes the effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Underlying net income is a non-GAAP financial measure and the most directly comparable U.S. GAAP measure is net income. Underlying net income excludes items which we believe are not indicative of the operations of our underlying businesses. Management believes it is useful to review underlying net income as it better reflects how we view the business, as well as provides investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. Underlying return on average common shareholders’ equity is calculated by dividing underlying net income available to SiriusPoint common shareholders for the period by the average common shareholders’ equity, excluding AOCI. Reconciliations of such non-GAAP financial measures to the most directly comparable GAAP figures are included in the attached financial information in accordance with Regulation G and Item 10(e) of Regulation S-K, as applicable.

About the Company

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With approximately $2.6 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Stable) from AM Best, S&P and Fitch, and A3 (Stable) from Moody’s. For more information please visit www.siriuspt.com.

Contacts

Investor Relations
Liam Blackledge – Investor Relations and Strategy Manager
Liam.Blackledge@siriuspt.com
+ 44 203 772 3082

Media
Natalie King – Global Head of Marketing and External Communications
Natalie.King@siriuspt.com
+ 44 20 3772 3102


SIRIUSPOINT LTD. CONSOLIDATED BALANCE SHEETS (UNAUDITED) As of December 31, 2024 and December 31, 2023 (expressed in millions of U.S. dollars, except per share and share amounts)

	December 31, 2024			December 31, 2023
Assets
Debt securities, available for sale, at fair value, net of allowance for credit losses of $1.1 (2023 – $0.0) (cost – $5,143.8; 2023 – $4,754.6)	$	5,131.0		$	4,755.4
Debt securities, trading, at fair value (cost – $187.3; 2023 – $568.1)		162.2			534.9
Short-term investments, at fair value (cost – $95.3; 2023 – $370.8)		95.8			371.6
Investments in related party investment funds, at fair value		116.5			105.6
Other long-term investments, at fair value (cost – $317.8; 2023 – $358.1) (includes related party investments at fair value of $100.7 (2023 – $173.7))		200.0			310.1
Total investments		5,705.5			6,077.6
Cash and cash equivalents		682.0			969.2
Restricted cash and cash equivalents		212.6			132.1
Redemption receivable from related party investment fund		—			3.0
Due from brokers		11.2			5.6
Interest and dividends receivable		44.0			42.3
Insurance and reinsurance balances receivable, net		2,054.4			1,966.3
Deferred acquisition costs, net		327.5			308.9
Unearned premiums ceded		463.9			449.2
Loss and loss adjustment expenses recoverable, net		2,315.3			2,295.1
Deferred tax asset		297.0			293.6
Intangible assets		140.8			152.7
Other assets		270.7			175.9
Total assets	$	12,524.9		$	12,871.5
Liabilities
Loss and loss adjustment expense reserves	$	5,653.9		$	5,608.1
Unearned premium reserves		1,639.2			1,627.3
Reinsurance balances payable		1,781.6			1,736.7
Deposit liabilities		17.4			134.4
Deferred gain on retroactive reinsurance		8.5			27.9
Debt		639.1			786.2
Due to brokers		18.0			6.2
Deferred tax liability		76.2			68.7
Liability-classified capital instruments		—			67.3
Share repurchase liability		483.0			—
Accounts payable, accrued expenses and other liabilities		269.2			278.1
Total liabilities		10,586.1			10,340.9
Commitments and contingent liabilities
Shareholders’ equity
Series B preference shares (par value $0.10; authorized and issued: 8,000,000)		200.0			200.0
Common shares (issued and outstanding: 116,429,057; 2023 – 168,120,022)		11.6			16.8
Additional paid-in capital		945.0			1,693.0
Retained earnings		784.9			601.0
Accumulated other comprehensive income (loss), net of tax		(4.1	)		3.1
Shareholders’ equity attributable to SiriusPoint shareholders		1,937.4			2,513.9
Noncontrolling interests		1.4			16.7
Total shareholders’ equity		1,938.8			2,530.6
Total liabilities, noncontrolling interests and shareholders’ equity	$	12,524.9		$	12,871.5

SIRIUSPOINT LTD. CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) For the three and twelve months ended December 31, 2024 and 2023 (expressed in millions of U.S. dollars, except per share and share amounts)

	Three months ended						Twelve months ended
	December 31, 2024			December 31, 2023			December 31, 2024			December 31, 2023
Revenues
Net premiums earned	$	590.3		$	578.0		$	2,343.5		$	2,426.2
Net investment income		68.9			78.4			303.6			283.7
Net realized and unrealized investment losses		(40.7	)		(12.4	)		(88.7	)		(10.0	)
Net realized and unrealized investment gains (losses) from related party investment funds		0.8			(1.0	)		9.7			(1.0	)
Net investment income and net realized and unrealized investment gains (losses)		29.0			65.0			224.6			272.7
Other revenues		19.4			17.8			184.2			97.8
Loss on settlement and change in fair value of liability-classified capital instruments		(25.9	)		(15.0	)		(148.5	)		(59.4	)
Total revenues		612.8			645.8			2,603.8			2,737.3
Expenses
Loss and loss adjustment expenses incurred, net		369.1			365.4			1,368.5			1,381.3
Acquisition costs, net		134.6			111.7			516.9			472.7
Other underwriting expenses		53.9			64.2			181.7			196.3
Net corporate and other expenses		58.1			64.5			232.1			258.2
Intangible asset amortization		3.0			2.9			11.9			11.1
Interest expense		19.6			19.8			69.6			64.1
Foreign exchange (gains) losses		(12.9	)		19.2			(10.0	)		34.9
Total expenses		625.4			647.7			2,370.7			2,418.6
Income (loss) before income tax (expense) benefit		(12.6	)		(1.9	)		233.1			318.7
Income tax (expense) benefit		(4.4	)		101.6			(30.7	)		45.0
Net income (loss)		(17.0	)		99.7			202.4			363.7
Net income attributable to noncontrolling interests		(0.3	)		(2.2	)		(2.5	)		(8.9	)
Net income (loss) available to SiriusPoint		(17.3	)		97.5			199.9			354.8
Dividends on Series B preference shares		(4.0	)		(4.0	)		(16.0	)		(16.0	)
Net income (loss) available to SiriusPoint common shareholders	$	(21.3	)	$	93.5		$	183.9		$	338.8
Earnings (loss) per share available to SiriusPoint common shareholders
Basic earnings (loss) per share available to SiriusPoint common shareholders	$	(0.13	)	$	0.52		$	1.06		$	1.93
Diluted earnings (loss) per share available to SiriusPoint common shareholders	$	(0.13	)	$	0.50		$	1.04		$	1.85
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic		161,378,360			166,640,624			166,537,394			163,341,448
Diluted		161,378,360			173,609,940			169,470,681			169,607,348

SIRIUSPOINT LTD. SEGMENT REPORTING

	Three months ended December 31, 2024
	Reinsurance			Insurance & Services			Core			Eliminations ⁽²⁾			Corporate			Segment Measure Reclass			Total
Gross premiums written	$	312.2		$	450.3		$	762.5		$	—		$	(3.0	)	$	—		$	759.5
Net premiums written		237.5			322.7			560.2			—			4.8			—			565.0
Net premiums earned		265.9			315.7			581.6			—			8.7			—			590.3
Loss and loss adjustment expenses incurred, net		148.3			175.3			323.6			(1.4	)		46.9			—			369.1
Acquisition costs, net		73.1			77.8			150.9			(27.6	)		11.3			—			134.6
Other underwriting expenses		26.2			24.6			50.8			—			3.1			—			53.9
Underwriting income (loss)		18.3			38.0			56.3			29.0			(52.6	)		—			32.7
Services revenues		—			51.6			51.6			(31.4	)		—			(20.2	)		—
Services expenses		—			41.2			41.2			—			—			(41.2	)		—
Net services income		—			10.4			10.4			(31.4	)		—			21.0			—
Segment income (loss)		18.3			48.4			66.7			(2.4	)		(52.6	)		21.0			32.7
Net investment income														68.9			—			68.9
Net realized and unrealized investment losses														(40.7	)		—			(40.7	)
Net realized and unrealized investment gains from related party investment funds														0.8			—			0.8
Other revenues														(0.8	)		20.2			19.4
Loss on settlement and change in fair value of liability-classified capital instruments														(25.9	)		—			(25.9	)
Net corporate and other expenses														(16.9	)		(41.2	)		(58.1	)
Intangible asset amortization														(3.0	)		—			(3.0	)
Interest expense														(19.6	)		—			(19.6	)
Foreign exchange gains														12.9			—			12.9
Income (loss) before income tax expense	$	18.3		$	48.4			66.7			(2.4	)		(76.9	)		—			(12.6	)
Income tax expense								—			—			(4.4	)		—			(4.4	)
Net income (loss)								66.7			(2.4	)		(81.3	)		—			(17.0	)
Net income attributable to noncontrolling interest								—			—			(0.3	)		—			(0.3	)
Net income (loss) available to SiriusPoint							$	66.7		$	(2.4	)	$	(81.6	)	$	—		$	(17.3	)

Attritional losses	$	154.9		$	188.2		$	343.1		$	(1.4	)	$	26.1		$	—		$	367.8
Catastrophe losses		35.2			3.4			38.6			—			—			—			38.6
Prior year loss reserve development		(41.8	)		(16.3	)		(58.1	)		—			20.8			—			(37.3	)
Loss and loss adjustment expenses incurred, net	$	148.3		$	175.3		$	323.6		$	(1.4	)	$	46.9		$	—		$	369.1

Underwriting Ratios: ⁽¹⁾
Attritional loss ratio		58.3	%		59.6	%		59.0	%											62.3	%
Catastrophe loss ratio		13.2	%		1.1	%		6.6	%											6.5	%
Prior year loss development ratio	(15.7		)%	(5.2		)%	(10.0		)%										(6.3		)%
Loss ratio		55.8	%		55.5	%		55.6	%											62.5	%
Acquisition cost ratio		27.5	%		24.6	%		25.9	%											22.8	%
Other underwriting expenses ratio		9.9	%		7.8	%		8.7	%											9.1	%
Combined ratio		93.2	%		87.9	%		90.2	%											94.4	%

(1)	Underwriting ratios are calculated by dividing the related expense by net premiums earned.
(2)	Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.

	Three months ended December 31, 2023
	Reinsurance			Insurance & Services			Core			Eliminations ⁽²⁾			Corporate			Segment Measure Reclass			Total
Gross premiums written	$	251.7		$	468.1		$	719.8		$	—		$	(4.2	)	$	—		$	715.6
Net premiums written		194.9			263.3			458.2			—			(3.6	)		—			454.6
Net premiums earned		243.2			315.2			558.4			—			19.6			—			578.0
Loss and loss adjustment expenses incurred, net		121.8			206.6			328.4			(1.4	)		38.4			—			365.4
Acquisition costs, net		65.5			66.8			132.3			(31.6	)		11.0			—			111.7
Other underwriting expenses		28.1			32.6			60.7			—			3.5			—			64.2
Underwriting income (loss)		27.8			9.2			37.0			33.0			(33.3	)		—			36.7
Services revenues		1.7			54.0			55.7			(40.0	)		—			(15.7	)		—
Services expenses		—			43.6			43.6			—			—			(43.6	)		—
Net services fee income		1.7			10.4			12.1			(40.0	)		—			27.9			—
Services noncontrolling income		—			(2.8	)		(2.8	)		—			—			2.8			—
Net services income		1.7			7.6			9.3			(40.0	)		—			30.7			—
Segment income (loss)		29.5			16.8			46.3			(7.0	)		(33.3	)		30.7			36.7
Net investment income														78.4			—			78.4
Net realized and unrealized investment losses														(12.4	)		—			(12.4	)
Net realized and unrealized investment losses from related party investment funds														(1.0	)		—			(1.0	)
Other revenues														2.1			15.7			17.8
Loss on settlement and change in fair value of liability-classified capital instruments														(15.0	)		—			(15.0	)
Net corporate and other expenses														(20.9	)		(43.6	)		(64.5	)
Intangible asset amortization														(2.9	)		—			(2.9	)
Interest expense														(19.8	)		—			(19.8	)
Foreign exchange losses														(19.2	)		—			(19.2	)
Income (loss) before income tax benefit	$	29.5		$	16.8			46.3			(7.0	)		(44.0	)		2.8			(1.9	)
Income tax benefit								—			—			101.6			—			101.6
Net income								46.3			(7.0	)		57.6			2.8			99.7
Net (income) loss attributable to noncontrolling interest								—			—			0.6			(2.8	)		(2.2	)
Net income available to SiriusPoint							$	46.3		$	(7.0	)	$	58.2		$	—		$	97.5

Attritional losses	$	143.5		$	222.8		$	366.3		$	(1.4	)	$	11.7		$	—		$	376.6
Catastrophe losses		(0.6	)		0.4			(0.2	)		—			0.1			—			(0.1	)
Prior year loss reserve development		(21.1	)		(16.6	)		(37.7	)		—			26.6			—			(11.1	)
Loss and loss adjustment expenses incurred, net	$	121.8		$	206.6		$	328.4		$	(1.4	)	$	38.4		$	—		$	365.4

Underwriting Ratios: ⁽¹⁾
Attritional loss ratio		59.0	%		70.7	%		65.6	%											65.2	%
Catastrophe loss ratio	(0.2		)%		0.1	%		—	%											—	%
Prior year loss development ratio	(8.7		)%	(5.3		)%	(6.8		)%										(1.9		)%
Loss ratio		50.1	%		65.5	%		58.8	%											63.2	%
Acquisition cost ratio		26.9	%		21.2	%		23.7	%											19.3	%
Other underwriting expenses ratio		11.6	%		10.3	%		10.9	%											11.1	%
Combined ratio		88.6	%		97.0	%		93.4	%											93.6	%

(1)	Underwriting ratios are calculated by dividing the related expense by net premiums earned.
(2)	Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.

	Twelve months ended December 31, 2024
	Reinsurance			Insurance & Services			Core			Eliminations (2)			Corporate			Segment Measure Reclass			Total
Gross premiums written	$	1,335.6		$	1,840.8		$	3,176.4		$	—		$	68.2		$	—		$	3,244.6
Net premiums written		1,104.7			1,236.2			2,340.9			—			11.2			—			2,352.1
Net premiums earned		1,045.1			1,154.0			2,199.1			—			144.4			—			2,343.5
Loss and loss adjustment expenses incurred, net		554.3			714.1			1,268.4			(5.5	)		105.6			—			1,368.5
Acquisition costs, net		279.9			284.7			564.6			(121.4	)		73.7			—			516.9
Other underwriting expenses		86.1			80.0			166.1			—			15.6			—			181.7
Underwriting income (loss)		124.8			75.2			200.0			126.9			(50.5	)		—			276.4
Services revenues		—			222.9			222.9			(132.8	)		—			(90.1	)		—
Services expenses		—			176.2			176.2			—			—			(176.2	)		—
Net services fee income		—			46.7			46.7			(132.8	)		—			86.1			—
Services noncontrolling income		—			(2.1	)		(2.1	)		—			—			2.1			—
Net services income		—			44.6			44.6			(132.8	)		—			88.2			—
Segment income (loss)		124.8			119.8			244.6			(5.9	)		(50.5	)		88.2			276.4
Net investment income														303.6			—			303.6
Net realized and unrealized investment losses														(88.7	)		—			(88.7	)
Net realized and unrealized investment gains from related party investment funds														9.7			—			9.7
Other revenues														94.1			90.1			184.2
Loss on settlement and change in fair value of liability-classified capital instruments														(148.5	)		—			(148.5	)
Net corporate and other expenses														(55.9	)		(176.2	)		(232.1	)
Intangible asset amortization														(11.9	)		—			(11.9	)
Interest expense														(69.6	)		—			(69.6	)
Foreign exchange gains														10.0			—			10.0
Income (loss) before income tax expense	$	124.8		$	119.8			244.6			(5.9	)		(7.7	)		2.1			233.1
Income tax expense								—			—			(30.7	)		—			(30.7	)
Net income (loss)								244.6			(5.9	)		(38.4	)		2.1			202.4
Net income attributable to noncontrolling interest								—			—			(0.4	)		(2.1	)		(2.5	)
Net income (loss) available to SiriusPoint							$	244.6		$	(5.9	)	$	(38.8	)	$	—		$	199.9

Attritional losses	$	579.8		$	734.5		$	1,314.3		$	(5.5	)	$	112.8		$	—		$	1,421.6
Catastrophe losses		49.5			5.3			54.8			—			—			—			54.8
Prior year loss reserve development		(75.0	)		(25.7	)		(100.7	)		—			(7.2	)		—			(107.9	)
Loss and loss adjustment expenses incurred, net	$	554.3		$	714.1		$	1,268.4		$	(5.5	)	$	105.6		$	—		$	1,368.5

Underwriting Ratios: ⁽¹⁾
Attritional loss ratio		55.5	%		63.6	%		59.8	%											60.7	%
Catastrophe loss ratio		4.7	%		0.5	%		2.5	%											2.3	%
Prior year loss development ratio	(7.2		)%	(2.2		)%	(4.6		)%										(4.6		)%
Loss ratio		53.0	%		61.9	%		57.7	%											58.4	%
Acquisition cost ratio		26.8	%		24.7	%		25.7	%											22.1	%
Other underwriting expenses ratio		8.2	%		6.9	%		7.6	%											7.8	%
Combined ratio		88.0	%		93.5	%		91.0	%											88.3	%

(1)	Underwriting ratios are calculated by dividing the related expense by net premiums earned.
(2)	Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.

	Twelve months ended December 31, 2023
	Reinsurance			Insurance & Services			Core			Eliminations (2)			Corporate			Segment Measure Reclass			Total
Gross premiums written	$	1,271.0		$	2,039.7		$	3,310.7		$	—		$	116.7		$	—		$	3,427.4
Net premiums written		1,061.0			1,282.7			2,343.7			—			94.2			—			2,437.9
Net premiums earned		1,031.4			1,249.2			2,280.6			—			145.6			—			2,426.2
Loss and loss adjustment expenses incurred, net		490.3			815.4			1,305.7			(5.4	)		81.0			—			1,381.3
Acquisition costs, net		252.2			295.5			547.7			(137.2	)		62.2			—			472.7
Other underwriting expenses		82.7			94.3			177.0			—			19.3			—			196.3
Underwriting income (loss)		206.2			44.0			250.2			142.6			(16.9	)		—			375.9
Services revenues		(1.1	)		238.6			237.5			(149.6	)		—			(87.9	)		—
Services expenses		—			187.8			187.8			—			—			(187.8	)		—
Net services fee income (loss)		(1.1	)		50.8			49.7			(149.6	)		—			99.9			—
Services noncontrolling income		—			(8.5	)		(8.5	)		—			—			8.5			—
Net services income (loss)		(1.1	)		42.3			41.2			(149.6	)		—			108.4			—
Segment income (loss)		205.1			86.3			291.4			(7.0	)		(16.9	)		108.4			375.9
Net investment income														283.7			—			283.7
Net realized and unrealized investment losses														(10.0	)		—			(10.0	)
Net realized and unrealized investment losses from related party investment funds														(1.0	)		—			(1.0	)
Other revenues														9.9			87.9			97.8
Loss on settlement and change in fair value of liability-classified capital instruments														(59.4	)		—			(59.4	)
Net corporate and other expenses														(70.4	)		(187.8	)		(258.2	)
Intangible asset amortization														(11.1	)		—			(11.1	)
Interest expense														(64.1	)		—			(64.1	)
Foreign exchange losses														(34.9	)		—			(34.9	)
Income before income tax benefit	$	205.1		$	86.3			291.4			(7.0	)		25.8			8.5			318.7
Income tax benefit								—			—			45.0			—			45.0
Net income								291.4			(7.0	)		70.8			8.5			363.7
Net income attributable to noncontrolling interest								—			—			(0.4	)		(8.5	)		(8.9	)
Net income available to SiriusPoint							$	291.4		$	(7.0	)	$	70.4		$	—		$	354.8

Attritional losses	$	618.9		$	840.7		$	1,459.6		$	(5.4	)	$	76.5		$	—		$	1,530.7
Catastrophe losses		12.2			1.3			13.5			—			11.3			—			24.8
Prior year loss reserve development		(140.8	)		(26.6	)		(167.4	)		—			(6.8	)		—			(174.2	)
Loss and loss adjustment expenses incurred, net	$	490.3		$	815.4		$	1,305.7		$	(5.4	)	$	81.0		$	—		$	1,381.3

Underwriting Ratios: ⁽¹⁾
Attritional loss ratio		60.0	%		67.3	%		64.0	%											63.1	%
Catastrophe loss ratio		1.2	%		0.1	%		0.6	%											1.0	%
Prior year loss development ratio	(13.7		)%	(2.1		)%	(7.3		)%										(7.2		)%
Loss ratio		47.5	%		65.3	%		57.3	%											56.9	%
Acquisition cost ratio		24.5	%		23.7	%		24.0	%											19.5	%
Other underwriting expenses ratio		8.0	%		7.5	%		7.8	%											8.1	%
Combined ratio		80.0	%		96.5	%		89.1	%											84.5	%

(1)	Underwriting ratios are calculated by dividing the related expense by net premiums earned.
(2)	Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.

SIRIUSPOINT LTD.
NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS & OTHER FINANCIAL MEASURES

Non-GAAP Financial Measures

Core Results

Collectively, the sum of the Company’s two segments, Reinsurance and Insurance & Services, constitute “Core” results. Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. We believe it is useful to review Core results as it better reflects how management views the business and reflects our decision to exit the runoff business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

Core underwriting income – calculated by subtracting loss and loss adjustment expenses incurred, net, acquisition costs, net, and other underwriting expenses from net premiums earned.

Core net services income – consists of services revenues which include commissions, brokerage and fee income related to consolidated MGAs, and other revenues, and services expenses which include direct expenses related to consolidated MGAs, services noncontrolling income which represent minority ownership interests in consolidated MGAs. Net services income is a key indicator of the profitability of the Company’s services provided.

Core income – consists of two components, core underwriting income and core net services income. Core income is a key measure of our segment performance.

Core combined ratio – calculated by dividing the sum of Core loss and loss adjustment expenses incurred, net, acquisition costs, net and other underwriting expenses by Core net premiums earned. Accident year loss ratio and accident year combined ratio are calculated by excluding prior year loss reserve development to present the impact of current accident year net loss and loss adjustment expenses on the Core loss ratio and Core combined ratio, respectively. Attritional loss ratio excludes catastrophe losses from the accident year loss ratio as they are not predictable as to timing and amount. These ratios are useful indicators of our underwriting profitability.

Book Value Per Diluted Common Share Metrics

Book value per diluted common share excluding AOCI and tangible book value per diluted common share, as presented, are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is book value per common share. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. Tangible book value per diluted common share excludes intangible assets. Management believes that effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Tangible book value per diluted common share is useful because it provides a more accurate measure of the realizable value of shareholder returns, excluding intangible assets.

The following table sets forth the computation of book value per common share, book value per diluted common share and tangible book value per diluted common share as of December 31, 2024 and December 31, 2023:


	December 31, 2024			December 31, 2023
	($ in millions, except share and per share amounts)
Common shareholders’ equity attributable to SiriusPoint common shareholders	$	1,737.4		$	2,313.9

Accumulated other comprehensive income (loss), net of tax		(4.1	)		3.1
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI		1,741.5			2,310.8

Intangible assets		140.8			152.7
Tangible common shareholders’ equity attributable to SiriusPoint common shareholders	$	1,596.6		$	2,161.2

Common shares outstanding		116,429,057			168,120,022
Effect of dilutive stock options, restricted share units and warrants		2,559,359			5,193,920
Book value per diluted common share denominator		118,988,416			173,313,942

Book value per common share	$	14.92		$	13.76
Book value per diluted common share	$	14.60		$	13.35
Book value per diluted common share ex. AOCI	$	14.64		$	13.33
Tangible book value per diluted common share	$	13.42		$	12.47

Underlying Net Income

Underlying net income is a non-GAAP financial measure and the most directly comparable U.S. GAAP measure is net income. Underlying net income excludes items which we believe are not indicative of the operations of our underlying businesses, including realized and unrealized gains (losses) on strategic and other investments and liability-classified capital instruments, income (expense) related to loss portfolio transfers, deferred tax assets attributable to the enactment of the Bermuda corporate income tax, development on COVID-19 reserves resulting from the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024, and foreign exchange gains (losses). We believe it is useful to review underlying net income as it better reflects how we view the business, as well as provides investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. Underlying return on average common shareholders’ equity is calculated by dividing underlying net income available to SiriusPoint common shareholders for the period by the average common shareholders’ equity, excluding AOCI. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates.

The following table sets forth the computation of underlying net income for the three and twelve months ended December 31, 2024 and 2023:


	Three months ended						Twelve months ended
	December 31, 2024			December 31, 2023			December 31, 2024			December 31, 2023
Net income (loss) available to SiriusPoint common shareholders	$	(21.3	)	$	93.5		$	183.9		$	338.8
Non-recurring adjustments:
Gains on sale or deconsolidation of consolidated MGAs		—			—			(96.0	)		—
Losses on strategic and other investments		34.3			15.4			90.5			40.2
MGA & Strategic Investment Rationalization		34.3			15.4			(5.5	)		40.2

Losses on settlement and change in fair value of liability-classified capital instruments (“CMIG Merger Instruments”)		25.9			15.0			148.5			59.4
COVID-19 favorable reserve development ⁽¹⁾		—			—			(19.9	)		—
CMIG Instruments & Transactions		25.9			15.0			128.6			59.4

(Income) expense related to loss portfolio transfers		28.9			2.1			44.6			(101.6	)
Bermuda corporate income tax enactment		—			(100.8	)		—			(100.8	)
Foreign exchange (gains) losses		(12.9	)		19.2			(10.0	)		34.9
Income tax expense on adjustments ⁽²⁾		(11.4	)		(7.8	)		(38.1	)		(4.9	)

Underlying net income available to SiriusPoint common shareholders	$	43.5		$	36.6		$	303.5		$	266.0

Return on average common shareholders’ equity attributable to SiriusPoint common shareholders		(4.0	)%		17.1	%		9.1	%		16.2	%

Common shareholders’ equity attributable to SiriusPoint common shareholders – beginning of period	$	2,494.9		$	2,050.0		$	2,313.9		$	1,874.7
Accumulated other comprehensive income (loss), net of tax		81.5			(135.4	)		3.1			(45.0	)
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI – beginning of period		2,413.4			2,185.4			2,310.8			1,919.7

Common shareholders’ equity attributable to SiriusPoint common shareholders – end of period		1,737.4			2,313.9			1,737.4			2,313.9
Impact of adjustments from above		64.8			(56.9	)		119.6			(72.8	)
Accumulated other comprehensive income (loss), net of tax		(4.1	)		3.1			(4.1	)		3.1
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI – end of period		1,806.3			2,253.9			1,861.1			2,238.0

Average common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI	$	2,109.9		$	2,219.7		$	2,086.0		$	2,078.9

Underlying return on average common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI		8.2	%		6.6	%		14.5	%		12.8	%

(1)	This development, which is primarily related to business written by legacy Third Point Reinsurance Ltd., is the result of the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024.
(2)	An effective tax rate of 15% is applied to the adjustments to calculate the income tax expense, where applicable.

Other Financial Measures

Annualized Return on Average Common Shareholders’ Equity Attributable to SiriusPoint Common Shareholders

Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders is calculated by dividing annualized net income (loss) available to SiriusPoint common shareholders for the period by the average common shareholders’ equity determined using the common shareholders’ equity balances at the beginning and end of the period.

Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders for the three and twelve months ended December 31, 2024 and 2023 was calculated as follows:


	Three months ended						Twelve months ended
	December 31, 2024			December 31, 2023			December 31, 2024			December 31, 2023
	($ in millions)
Net income (loss) available to SiriusPoint common shareholders	$	(21.3	)	$	93.5		$	183.9		$	338.8
Common shareholders’ equity attributable to SiriusPoint common shareholders – beginning of period		2,494.9			2,050.0			2,313.9			1,874.7
Common shareholders’ equity attributable to SiriusPoint common shareholders – end of period		1,737.4			2,313.9			1,737.4			2,313.9
Average common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,116.2		$	2,182.0		$	2,025.7		$	2,094.3
Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders	(4.0		)%		17.1	%		9.1	%		16.2	%

The MIL Network –

February 19, 2025

MIL-OSI USA: Kaine Introduces Bill to Raise Minimum Age to Buy Assault Weapons to 21

US Senate News:

Source: United States Senator for Virginia Tim Kaine

WASHINGTON, D.C. – U.S. Senator Tim Kaine (D-VA) joined 18 Senate colleagues to introduce the Age 21 Act, legislation that would raise the minimum age to purchase assault weapons and high-capacity ammunition magazines from 18 to 21, the same age requirement that already applies to purchasing handguns from federally-licensed dealers. Assault weapons have been used by individuals under 21 to carry out some of the most devasting school shootings in U.S. history, including the shooting at Marjory Stoneman Douglas High School in Parkland, Florida that killed 17 people on February 14, 2018.

“Everyone in America should be able to live free from the fear of injury or death caused by a firearm,” said Kaine. “One of many commonsense steps we can take to reduce that risk is limiting young people’s access to assault weapons—just like we already limit their access to handguns. I’m proud to help introduce this bill to raise the legal purchasing age for assault weapons to 21, and will keep pushing for additional legislation to make our communities safer from gun violence.”

Gun violence is a national crisis, claiming over 46,000 lives in 2023. Firearms are the leading cause of death for children and teenagers in America. Assault weapons, originally engineered for the battlefield to maximize damage inflicted on enemy soldiers, are frequently used in mass shootings. More than 85 percent of deaths in public mass shootings involving four or more fatalities were caused by assault rifles, and shootings involving assault weapons or large-capacity magazines result in twice as many deaths and fourteen-times as many injuries compared to incidents involving other firearms.

The Age 21 Act is endorsed by organizations including Brady: United Against Gun Violence, March for Our Lives, Giffords, Newtown Action Alliance, and Everytown for Gun Safety.

“Six of the deadliest mass shootings since 2018 were committed by individuals 21 and under. The Age 21 Act could have saved lives then, and will continue to do so if passed into law,” said Alexa Browning, Policy Manager at March For Our Lives. “Firearms are still the leading cause of death for young people, yet we continue to allow access to deadly weapons while restricting substances like alcohol and tobacco. We are deeply grateful to Senator Padilla for taking decisive action in this fight to prevent further tragedies and protect our future.”

“People ages 18 to 20 are responsible for perpetrating a disproportionate share of school shootings, public mass shootings, and gun homicides overall. Raising the minimum age of purchase not only protects communities, but kids as well, as states with minimum age laws have seen significant declines in firearm suicides and other types of gun violence among young adults and children. Senator Padilla’s bill sets a national standard for something that has already proven effective at the state level, and we urge Congress to implement this common sense legislation,” said Vanessa Gonzalez, Vice President of Government & Political Affairs at GIFFORDS.

The Age 21 Act is led by U.S. Senator Alex Padilla (D-CA) and cosponsored by U.S. Senators Richard Blumenthal (D-CT), Cory Booker (D-NJ), Chris Coons (D-DE), Tammy Duckworth (D-IL), Dick Durbin (D-IL), Kirsten Gillibrand (D-NY), Mazie Hirono (D-HI), Amy Klobuchar (D-MN), Chris Murphy (D-CT), Patty Murray (D-WA), Jack Reed (D-RI), Bernie Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), and Ron Wyden (D-OR).

The full text of the bill is available here. A one-pager is available here.

MIL OSI USA News –

February 19, 2025

MIL-OSI USA: Peters Reintroduces Bipartisan Bill to Authorize FEMA to Accept Tribal Government Requests for Fire Management Assistance Grants

US Senate News:

Source: United States Senator for Michigan Gary Peters

02.14.2025

WASHINGTON, D.C. –U.S. Senator Gary Peters(D-MI), Ranking Member of the Homeland Security and Governmental Affairs Committee, reintroduced bipartisan legislation that requires FEMA to accept requests from Tribal governments to receive a Fire Management Assistance Grant (FMAG) Declaration. FEMA can currently accept Emergency and Major Disaster Declaration requests from Tribal governments, but the agency cannot accept FMAG requests directly from Tribes. This limitation impedes Tribes’ capacity to access federal resources for wildfire management and undermines Tribal independence by forcing them to work through state governments rather than having the option to interact directly with federal authorities for this specific type of assistance.

“When wildfires threaten Tribal communities, Tribal governments must receive the assistance they need quickly,” said Senator Peters. “This bipartisan legislation allows FEMA to directly provide Tribal governments with federal resources to combat wildfires.”

Tribal governments currently face unnecessary limitations in accessing FEMA’s wildfire disaster assistance. While the Sandy Recovery Improvement Act granted federally recognized Tribal governments the authority to directly request Emergency and Major Disaster Declarations from the President or to go through a state request, Tribes cannot do the same for Fire Management Assistance Grant (FMAG) Declarations. Instead, they must work through state governments to receive FMAG assistance, despite their status as sovereign nations.

The Fire Management Assistance Grants for Tribal Governments Act aims to address this gap. This bipartisan legislation would modify the Robert T. Stafford Disaster Relief and Emergency Assistance Act to give Tribal governments the same options for FMAG Declarations that they already have for other FEMA declarations: either requesting assistance directly from FEMA or to work through their state. This change would create consistency across all three types of FEMA disaster declarations: Fire Management Assistance Grant (FMAG) Declarations, Emergency Declarations, and Major Disaster Declarations.

The bill has been endorsed by the National Congress of American Indians (NCAI), the National Native American Law Enforcement Association, and the National Association of Counties.

MIL OSI USA News –

February 19, 2025

MIL-OSI USA: Welch Statement on Postmaster General Louis DeJoy Stepping Down

US Senate News:

Source: United States Senator Peter Welch (D-Vermont)

WASHINGTON, D.C. — Postmaster General Louis DeJoy’s tenure at the U.S. Postal Service was a disaster for Vermont residents and postal workers alike. DeJoy and the national management of the USPS failed to promptly reopen a fully-functioning Post Office in downtown Montpelier following the July 2023 floods, ultimately taking 15 months to restore the essential service for Vermont’s Capital City. At the same time, DeJoy’s restructuring plan has led to unacceptable mail delivery delays across Vermont, especially in rural areas of the state. In response to legitimate criticism, DeJoy has demonstrated an utter disregard and, at times, disdain for Congress and the communities it represents. U.S. Senator Peter Welch (D-Vt.) today issued the following reaction to Postmaster General DeJoy’s announcement he will soon leave the U.S. Postal Service:
“Good riddance.”

MIL OSI USA News –

February 19, 2025

MIL-OSI Security: New Kensington Felon Sentenced to Prison for Theft of Two Dozen Firearms

Source: Office of United States Attorneys

PITTSBURGH, Pa. – A former resident of New Kensington, Pennsylvania, has been sentenced in federal court to 20 months of imprisonment, to be followed by three years of supervised release, on his conviction of federal firearms charges, Acting United States Attorney Troy Rivetti announced today.

Senior United States District Judge Nora Barry Fischer imposed the sentence on Michael Guin, 27.

According to information presented to the Court, on or about January 22, 2024, Guin and his co-defendant, Steyn Sarduy, conspired to steal a truck and used the stolen vehicle to crash into and gain access to a firearms store in New Kensington. The defendants broke multiple display cases and stole 24 firearms. As a previously convicted felon, Guin was prohibited from possessing a firearm.

Assistant United States Attorney Jonathan D. Lusty prosecuted this case on behalf of the government.

Acting United States Attorney Rivetti commended the Bureau of Alcohol, Tobacco, Firearms and Explosives for the investigation leading to the successful prosecution of Guin.

MIL Security OSI –

February 19, 2025

MIL-OSI Security: Guatemalan national sentenced for illegal reentry in Eastern District of Texas

Source: Office of United States Attorneys

BEAUMONT, Texas –A Guatemalan national has been sentenced to federal prison for illegally reentering the United States, announced Eastern District of Texas Acting U.S. Attorney Abe McGlothin, Jr.

Carlos Rodriguez-Torres, 42, pleaded guilty to reenty of deported alien and was sentenced to 18 months in federal prison by U.S. District Judge Marcia A. Crone on February 18, 2025.

According to information presented in court, on April 18, 2024, Rodriguez-Torres was found in Lumberton. Data system checks revealed Rodriguez-Torres is a citizen and national of Guatemala and illegally present in the United States. Further investigation revealed Rodriguez-Torres had been previously deported or removed to Guatemala on March 14, 2012; October 9, 2012; March 12, 2013; and January 8, 2019. Rodriguez-Torres had also been previously convicted of unlawful possession of a firearm by an alien on February 20, 2018, in the Eastern District of Texas.

This case was investigated by Homeland Security Investigations and the Lumberton Police Department. This case was prosecuted by Assistant U.S. Attorney Matt Quinn.

###

MIL Security OSI –

February 19, 2025

MIL-OSI Security: East Conemaugh Man Pleads Guilty to Methamphetamine and Firearms Charges

Source: Office of United States Attorneys

JOHNSTOWN, Pa. – A resident of East Conemaugh, Pennsylvania, pleaded guilty in federal court to charges of violating federal narcotics and firearms laws, Acting United States Attorney Troy Rivetti announced today.

Kari Ameen Wheeler, 38, pleaded guilty to Counts One and Two of the Indictment before United States District Judge Stephanie L. Haines.

In connection with the guilty plea, the Court was advised that, on or about August 21, 2024, in the Western District of Pennsylvania, Wheeler distributed and possessed with intent to distribute 500 grams or more of methamphetamine. Further, on August 23, 2024, Wheeler possessed two firearms and ammunition after previously having been convicted of a felony. Federal law prohibits possession of a firearm or ammunition by a convicted felon.

Judge Haines scheduled sentencing for June 30, 2025. The law provides for a total sentence of not less than 10 years and up to life in prison, a fine of up to $10 million, or both. Under the federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the prior criminal history of the defendant.

Assistant United States Attorney Arnold P. Bernard Jr. is prosecuting this case on behalf of the government.

The Federal Bureau of Investigation, FBI Safe Streets Task Force, and Cambria County Drug Task Force conducted the investigation that led to the prosecution of Wheeler.

MIL Security OSI –

February 19, 2025

MIL-OSI Economics: IPAA, Energy Industry Groups Support Sen. Cruz Congressional Review Act (CRA) Resolution Disapproving of DOE Rule on Gas-Fired Water Heaters

Source: Independent Petroleum Association of America

Headline: IPAA, Energy Industry Groups Support Sen. Cruz Congressional Review Act (CRA) Resolution Disapproving of DOE Rule on Gas-Fired Water Heaters

Feb 13, 2025 IPAA, Energy Industry Groups Support Sen. Cruz Congressional Review Act (CRA) Resolution Disapproving of DOE Rule on Gas-Fired Water Heaters

Posted at 15:31h in Letters and Comments by Jennifer Pett

Dear Senator Cruz,

We are writing to express our strong support for your proposed resolution of disapproval under the Congressional Review Act (CRA) regarding the Department of Energy’s (DOE) rule on gas-fired instantaneous water heaters.

Our respective Trade Associations represent 80% of the new oil and gas resources brought online each year. Over the past four years we have fought the prior Administration’s every move to restrict the production and consumption of fossil energy. This rule is a perfect example of the direct result of the Biden Administration’s illegal whole-of-government assault on oil and natural gas use and consumption.

It effectively mandates the use of condensing technology, which increases the upfront cost and restricts options for American families. The clear intent of this regulation is to increase the upfront cost of natural gas-fired equipment to force consumers to fuel switch and use electric water heaters. This constitutes an unlawful overreach, and Congressional intervention is urgently required to rectify this flawed rule. …

MIL OSI Economics –

February 19, 2025

MIL-OSI United Nations: World News in Brief: $53.2 billion needed for Palestinian recovery, UN condemns UNRWA schools raid, Lebanon-Israel tensions continue

Source: United Nations 2

18 February 2025 Humanitarian Aid

The reconstruction of Gaza and the occupied West Bank will require an estimated $53.2 billion over the next ten years, according to the latest Damage and Needs Assessment from the UN and partners.

“Palestinians will need joint action to address the immense recovery and reconstruction challenges ahead. A sustainable recovery process must restore hope, dignity, and livelihoods for the two million people in Gaza,” said Muhannad Hadi, UN Resident and Humanitarian Coordinator in the Occupied Palestinian Territory.

The assessment estimates that $29.9 billion is required to repair physical infrastructure, while $19.1 billion is needed to address economic and social losses.

Housing remains the most severely affected sector, accounting for the largest share of recovery needs, with $15.2 billion – or 30 percent of the total cost – earmarked for rebuilding homes.

Over the next three years alone, $20 billion will be required to stabilise essential services and lay the foundation for long-term recovery.

Commitment to Gaza’s future

Mr. Hadi reaffirmed the UN’s continued support, stating: “The UN stands ready to support the Palestinian people both on humanitarian assistance and a future recovery and reconstruction process.”

“Once conditions are in place, temporary shelters will be established, basic services restored, the economy kick-started, and individual and social rehabilitation begun while the longer-term recovery and reconstruction advances,” he added.

A crucial element of Gaza’s recovery will be restoring the administrative authority of the Palestinian Authority (PA) in the Strip.

“The international community must make collective efforts to support a just and lasting peace,” said Mr. Hadi, emphasising that Gaza is an integral part of this effort based on UN resolutions and international law, with Jerusalem as the capital of both States.

UN condemns raid on UNRWA schools

In East Jerusalem, Philippe Lazzarini, Commissioner-General of the UN Relief and Works Agency for Palestine Refugees (UNRWA), reported that Israeli forces accompanied by local authorities forcibly entered the UNRWA Kalandia Training Centre, ordering its immediate evacuation.

At least 350 students and 30 staff were present at the time. Tear gas and sound bombs were deployed during the incident.

Earlier on Tuesday morning, Israeli police officers, accompanied by municipal staff, also visited several UNRWA schools in East Jerusalem, demanding their closure.

The incidents disrupted the education of approximately 250 students attending three UNRWA schools, alongside the 350 trainees affected at the Kalandia Training Centre.

UN chief condemns violations

UN Secretary-General António Guterres strongly condemned the breach of the UN’s inviolable premises in occupied East Jerusalem, including the attempt to forcibly enter three UNRWA schools.

“The use of tear gas and sound bombs in educational environments while students are learning is both unnecessary and unacceptable,” said the Secretary-General Spokesperson Stéphane Dujarric.

“This is a clear violation of Israel’s obligations under international law, including obligations concerning the privileges and immunities of the UN and its personnel,” he added.

Mr. Dujarric emphasised that Israel’s internal legal provisions do not alter its international legal obligations and cannot justify their breach.

Lebanon: Tensions ease along the Blue Line of separation

In northern Lebanon, Tuesday marked the deadline for the Israel Defense Forces’ withdrawal south of the Blue Line, alongside the parallel deployment of Lebanese Armed Forces to positions in southern Lebanon, under the cessation of hostilities agreement reached between Israel and Hezbollah leaders on 26 November 2024.

UN peacekeepers report that Lebanese troops continue their deployment across southern Lebanon with active support from the UN Interim Force in Lebanon (UNIFIL), while displaced families are gradually returning to their homes.

Lebanese troops continue to dispose of “unauthorised weapons” abandoned during the conflict in UNIFIL’s area of operations, said Mr. Dujarric.

Call for stability

UN Special Coordinator for Lebanon Jeanine Hennis-Plasschaert and Lieutenant General Aroldo Lázaro Sáenz, Force Commander of UNIFIL urged both parties to honour ceasefire commitments to ensure communities in southern Lebanon and northern Israel can feel safe again following the weeks of deadly fighting last year.

The UN remains committed to supporting all parties in upholding their obligations, Mr. Dujarric affirmed.

MIL OSI United Nations News –

February 19, 2025

MIL-OSI Security: Washington, D.C. Man Sentenced to 22 Years in Federal Prison for Role in Armed Robberies of Four Maryland Cell Phone Stores

Source: Office of United States Attorneys

Baltimore, Maryland – Today, U.S. District Judge Matthew J. Maddox sentenced Xavier Jones, 26, of Washington, D.C., to 22 years in federal prison and three years of supervised release for his role in robbing four cell phone stores in Baltimore County, Howard County, and Prince George’s County, Maryland. Jones was also ordered to pay $74,141.26 in restitution.

Phil Selden, Acting U.S. Attorney for the District of Maryland, announced the sentence with Special Agent in Charge William J. DelBagno of the Federal Bureau of Investigation, Baltimore Field Office, and Chief Robert McCullough, Baltimore County Police Department.

According to the parties’ plea agreement, Jones and his co-conspirators brandished firearms during the robberies, threatened to kill employees and customers, physically moved victims throughout the stores, and pepper sprayed victims during one of the robberies.

The final robbery occurred on December 23, 2020, at an AT&T store in Owings Mills, Maryland. Co-conspirator Rico Dashiell, 26, of Fort Washington, Maryland, entered the AT&T store pretending to be a customer. After Jones and co-conspirator Donte Herring, 25, of Washington, DC, entered the store, Dashiell brandished a firearm announcing a robbery. Jones and Herring stole $48,767 worth of Apple and Samsung Galaxy devices, 76 in total.

Additionally, Dashiell directed an employee to open the store’s cash register before stealing $322. The perpetrators forced three victims into a room containing a safe and then proceeded to pepper spray them. The robbers then fled the store in a stolen Kia Niro with registration tags from another vehicle. During the course of their conduct, the robbers inadvertently took a 3SI GPS tracker which was in one of the stolen cell phone boxes. As the perpetrators fled, the tracker was activated. Law enforcement tracked the stolen vehicle to a single-family residence in Catonsville, Maryland where a friend of Jones lived. Aviation units observed and filmed the robbers outside of the residence unloading the stolen AT&T merchandise and taking the items into the residence. Law enforcement also found a stolen Dodge Caravan from a previous robbery at the residence.

The initial robbery happened on October 23, 2020, at a Verizon store in College Park, Maryland. Jones and a co-conspirator forced victims into a backroom before directing an employee to open a safe. The robbers then proceeded to steal $21,440.93 in mobile devices.

Then on December 8, 2020, Jones and a co-conspirator robbed the Russell Cellular Verizon store in Columbia, Maryland. Jones and a co-conspirator initially posed as customers before pulling a firearm on an employee. The robbers then moved the employee into a backroom, ordering him to open the safe. Jones and his co-conspirator stole $22,000.33 worth of mobile devices — including numerous iPhones — and $1,273, from the safe.

On December 17, 2020, Jones and Herring robbed another Russell Cellular Verizon store – this time in Halethorpe, Maryland. The perpetrators again initially posed as customers before brandishing firearms and pointing them at an employee. Herring ordered the employee to open a safe and then they proceeded to steal various electronic devices — including multiple boxes of Apple cellular phones, watches, and iPads — worth approximately $27,940. Additionally, Herring forced the employee to give him $1,313 from the cash register. They then fled in a stolen Dodge Caravan.

Dashiell previously pleaded guilty for his role in the robbery and was sentenced to 12 years in federal prison. Herring was convicted at trial and has been sentenced to 20 years in federal prison.

Acting U.S. Attorney Selden commended the FBI, Baltimore County Police Department, Howard County Police Department, and Prince George’s County Police Department for their work in the investigation. Mr. Selden also thanked Assistant U.S. Attorneys Paul A. Riley and Michael F. Aubin who are prosecuting the case.

For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, please visit https://www.justice.gov/usao-md and https://www.justice.gov/usao-md/community-outreach.

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MIL Security OSI –

February 19, 2025

MIL-OSI United Nations: Amid Evolving Threat Landscape, UN Peacekeepers Must Have Adequate Resources to Protect Vulnerable Populations in Conflict Zones, Speakers Tell Special Committee

Source: United Nations General Assembly and Security Council

In an ever-shifting security landscape, ensuring sufficient funding, technology and training, and promoting gender equality in peacekeeping operations while also recognizing the importance of safeguarding vulnerable populations in conflict zones is more critical than ever, speakers told the opening of the Special Committee on Peacekeeping Operations, which also marked 60 years since its establishment.

Vice-President of the General Assembly Cherdchai Chaivaivid (Thailand), speaking on behalf of Assembly President Philémon Yang (Cameroon), said that, for nearly 80 years, UN peacekeepers have protected civilians from violence and supported vital political dialogue between parties to conflict.

“The safety and security of United Nations peacekeepers remains of utmost importance,” he stressed, adding that since 1948 over 3,500 blue helmets have lost their lives serving in UN peacekeeping operations. “Going forward, we will need mandates suited for an evolving threat landscape,” he said, also emphasizing the need for improved capacity to assess conflict situations, as well as effective planning and management throughout the peacekeeping cycle.

“It is also vital to improve cooperation of poor countries with other critical partners, increase trust among stakeholders and manage local and international expectations in the Pact for the Future,” he went on to say. Further, Member States must enhance collaboration between the UN and regional and subregional organizations, particularly the African Union.

Adoption of Pact for the Future Created ‘Transformative Moment’ for Peacekeeping

Martha Ama Akyaa Pobee, Assistant Secretary-General for Africa in the Departments of Political and Peacebuilding Affairs and Peace Operations, speaking on behalf of Jean-Pierre Lacroix, UN Under-Secretary-General for Peace Operations, said that this annual engagement by Member States is a key source of the “enduring strength as a preeminent symbol of multilateral resolve”. Peacekeepers can be a “lifeline” for hundreds of thousands of civilians caught in conflict.

The Committee’s sixtieth anniversary comes at a transformative moment for peacekeeping following the adoption of the Pact for the Future, where Member States equivocally reaffirmed peacekeeping as a critical tool to maintain international peace and security, she said. “You have a unique opportunity to build on those efforts by providing a platform for dialogue, presenting innovative ideas and ensuring the effectiveness and accountability of UN peacekeeping operations,” she added.

More Peacekeeper Resources Key amid Complex Terrain Marked by Geopolitical Challenges and Volatility

As delegates took the floor, many stressed the need for more resources so that peacekeepers can carry out their work in an ever-shifting security landscape, with Morocco’s delegate, speaking for Non-Aligned Movement, noting that UN peacekeeping operations are currently navigating a complex terrain marked by geopolitical challenges. “Funding and limited resources remain a significant issue,” she stressed. “As a result, peacekeeping operations find themselves in a delicate position, needing to adapt to the realities on the ground while responding to international expectations.”

Troop- and Police-Contributing Countries Stress Consultation with Them Key for Drafting Clear, Achievable Mandates

Speakers from troop- and police-contributing countries stressed the Security Council must further consult with them to draft clear and achievable mandates that preserve the primacy of political solutions and help peacekeeping operations better address the evolving nature of global conflicts.

“Our peacekeepers continue to serve in nations where security situations are volatile, but despite such challenges, our peacekeepers are striving to fulfil their mandates, and therefore we must ensure their safety and security,” said Indonesia’s delegate, speaking for the Association of Southeast Asian Nations (ASEAN). Noting that its member States contribute over 5,000 peacekeepers across various UN missions, he called for better quality training and equipment for the troops.

Canada’s representative, also speaking for Australia and New Zealand, and echoing other speakers, emphasized the importance of including women in all areas of peacekeeping missions, and commitment to the women, peace and security agenda as a cornerstone of the UN’s efforts to promote gender equality and lasting peace, reduce training obstacles in order to guarantee women’s full, equal participation. “We urge missions to step up efforts to support the role of women in conflict prevention, resolution and peacebuilding,” he said. He further underscored the importance of planning and the deliberate implementation of transitions and drawdowns in peacekeeping operations, stressing: “Several agencies need to be involved from the very beginning of these processes to identify the capacity of the host Government, the UN and civil society actors to support those transitions.”

Countries Hosting Peacekeeping Missions Urge Focus on Linguistic Capacity-Building, Improved Cooperation

Speakers from countries hosting peacekeeping missions laid out their priorities and concerns, as well, with the representative of the Democratic Republic of the Congo, speaking for the French-Speaking Ambassadors Group, emphasizing that French-speaking areas host several operations that face growing and complex challenges. “The fragility of ceasefire agreements, the high cost of conflict for the civilian population and the complexity of peace processes are making the work of the blue helmets more essential than ever,” he stressed. Recalibrating peacekeeping capacities is vital to improve cooperation with host States and “strengthen the links of trust” with the local population.

“This is a priority that must also be looked at from the point of view of linguistic and intellectual capacity-building,” he said, calling for a focus on language abilities from the strategic planning to the operational phases. Many countries in the Francophone space want to contribute more to peacekeeping operations, but they are being held back by language barriers at every stage of their engagement.

Donor Countries Pledge Continued Support

Donor countries, meanwhile, pledged to continue to support UN peacekeeping missions, and echoed many other Member States in calling attention to the unique opportunity created by the adoption of the Pact for the Future. The European Union’s speaker, noting that the bloc provided almost one quarter of the UN’s peacekeeping budget last year, said it will continue to contribute constructively to the upcoming negotiations with the intent to improve UN peacekeeping in accordance with the Pact. “We currently deploy almost 4,000 military police and civilian personnel to UN peace operations,” he said, adding: “We cannot continue to demand more from our peacekeeping missions by expanding their mandates without providing the necessary resources for their implementation.”

UN peacekeeping operations are confronted with increasingly complex challenges, he observed, citing regional threats, the effects of climate change, mis- and disinformation, increased presence of non-State actors, such as private military companies, transnational criminal activities and the weaponization of new and emerging technology, as demonstrated by the first attack ever last September on UN peacekeepers with an improvised armed unmanned aerial system.

Election of Officers

At the opening of the meeting, the Committee by acclamation elected Francisco Tropepi (Argentina), Michael Gort (Canada), Takayuki Iriya (Japan) and Michal Miarka (Poland) as Vice-Chairs; and Mohamed Soliman (Egypt) as Rapporteur. Michael Gort (Canada) was elected to serve as Chair of the Working Group of the Whole.

MIL OSI United Nations News –

February 19, 2025

MIL-OSI USA: Attorney General Bonta Joins Multistate Coalition to Continue Supporting Pennsylvania’s Commonsense Age-Based Firearm Restrictions

Source: US State of California

Tuesday, February 18, 2025

Contact: (916) 210-6000, agpressoffice@doj.ca.gov

OAKLAND — California Attorney General Rob Bonta, as part of a coalition of 19 attorneys general, filed a brief in support of the State of Pennsylvania’s petition for rehearing en banc in Lara v. Commissioner of Pennsylvania State Police. Pennsylvania law sets the minimum age at 21 for securing a permit to carry a concealed handgun in public and during states of emergency. The case is currently pending in the U.S. Court of Appeals for the Third Circuit after remand from the U.S. Supreme Court for further consideration in light of the Supreme Court’s decision in United States v. Rahimi. The coalition’s brief argues that the Third Circuit’s three-judge panel erred in its decision to strike down the laws as unconstitutional under the Second Amendment and that the panel’s reasoning could undermine efforts by states to protect their citizens through the application of similar age-limitation laws. In fact, most states across the nation impose some age-based restrictions on the possession, purchase, or use of firearms reflecting their collective judgment that such laws promote public safety and curb gun violence within their borders.

“States must have the ability to protect citizens and communities from the harmful effects of gun violence and promote the safe use of firearms,” said Attorney General Bonta. “The Third Circuit’s decision to overturn Pennsylvania’s law is inconsistent with our nation’s historical tradition as well as longstanding state and federal laws imposing age-based restrictions on the purchase and possession of firearms. We stand with Pennsylvania and other states in their efforts to curb gun violence through these kinds of commonsense laws that improve public safety.”

In the brief, the coalition asserts that Pennsylvania’s law is constitutional under the Second Amendment and is consistent with states’ authority and a historical tradition of state regulations promoting gun safety and protecting communities from gun violence. The coalition argues that the Third Circuit’s decision to strike down Pennsylvania’s law misreads the U.S. Supreme Court’s Bruen decision, which preserves states’ authority to regulate firearms through laws that are “consistent with the Second Amendment’s text and historical understanding.” States still retain meaningful authority to regulate access to firearms even after Bruen and Rahimi.

Attorney General Bonta urges the Court of Appeals sitting en banc to overturn the panel’s decision because:

The Second Amendment allows states to enact varied measures to promote gun safety and protect against gun violence consistent with historical tradition, and states have long exercised this power by enacting laws to promote safety, prevent crime, and minimize gun violence within their borders.
Pennsylvania’s age-based restrictions are consistent with measures taken by other states and fall comfortably within states’ authority to regulate firearms. Most states and the District of Columbia impose age-based restrictions regarding the use, purchase, or possession of firearms, and a majority of states have determined that those under the age of 21 should be more restricted in their ability to carry firearms in public. Courts have previously upheld these restrictions relying on the historical record as is now required by Bruen.
The panel’s categorical rejection of relevant historical evidence from the time period when the Fourteenth Amendment incorporated the Second Amendment against the states is inconsistent with Supreme Court precedent and fundamental principles of constitutional adjudication.

Attorney General Bonta joins the attorneys general of Colorado, Connecticut, Delaware, the District of Columbia, Hawaii, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont and Washington in filing the brief.

A copy of the brief can be found here.

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MIL OSI USA News –

February 19, 2025

MIL-OSI Security: U.S. Marshals Arrest Cleveland Homicide Suspect and Barberton Shooting Suspect

Source: US Marshals Service

Garfield Heights, OH – This afternoon, members of the U.S. Marshals led Northern Ohio Violent Fugitive Task Force (NOVFTF) arrested Oturi Germany, 46 and Oturiana Germany, 28. Oturi Germany was wanted by the Cleveland Division of Police for aggravated murder. Oturiana Germany was wanted by the Barberton Police Department for felonious assault.

On January 10, 2025, officers from the Cleveland Division Police, 3rd District, located a deceased male inside a storage room in the basement of an apartment building located in the 2100 block of E. 78th Street, Cleveland, Ohio. The male victim had suffered a gunshot wound to his back. Oturi Germany was later identified as a suspect in this fatal incident and a warrant for aggravated murder was issued for his arrest.

On February 17, 2025, a male was shot three times at the Washington Square Apartments in Barberton, Ohio. The male victim suffered three non-life-threatening gun shot wounds. The Barberton Police Department identified Oturiana Germany as a suspect in the shooting and a warrant was issued for her arrest.

This afternoon, members of the NOVFTF arrested both Oturi and Oturiana Germany inside a vehicle near the 5100 block of E. 117th Street, Garfield Heights, Ohio. Two firearms were located during the arrest and seized by officers on scene.

U.S. Marshal Pete Elliott stated, “Thankfully, no one was hurt during the arrest and our task force was able to take two violent fugitives and firearms off the street today. Our task force is comprised of outstanding officers who are highly trained, which results in safe arrests like the ones today in Garfield Heights.”

Anyone with information concerning a wanted fugitive can contact the Northern Ohio Violent Fugitive Task Force at 1-866-4WANTED (1-866-492-6833), or you can submit a web tip. Reward money is available, and tipsters may remain anonymous. Follow the U.S. Marshals on Twitter @USMSCleveland.

MIL Security OSI –

February 19, 2025

MIL-OSI USA: Reed: Trump Should Urgently Address Air Traffic Controller Staffing Shortages, Not Indiscriminately Fire FAA Employees

US Senate News:

Source: United States Senator for Rhode Island Jack Reed

PROVIDENCE, RI — Hundreds of Federal Aviation Administration (FAA) employees are in the process of being fired — not because of their performance or because they weren’t delivering critical services for taxpayers — but as part of the Trump Administration’s and billionaire Elon Musk’s partisan mass terminations of federal workers.

U.S. Senator Jack Reed (D-RI), a member of the Appropriations subcommittee that oversees FAA funding, says FAA staffing decisions should be based on the agency’s mission-critical needs, not partisan whims.

Senator Reed says Trump’s shortsighted mass-firing of new FAA employees will have a ripple effect, leading to understaffing at the FAA now and in the future, which could then cause airports to slow down air traffic to match staffing levels.

“Our air traffic control system is already overtaxed and firing these dedicated FAA professionals will make it harder to keep the traveling public safe. There should be an FAA hiring push right now, not a mass-firing purge. FAA staffing shortages can have a detrimental impact on air travel and operations. Understaffing in control towers leads to more planes on the ground and flight delays. Every member of Congress should be calling on President Trump and Elon Musk to strengthen, not weaken the FAA’s workforce,” said Reed.

Air traffic controllers at the nation’s 313 air traffic control locations across the country help safeguard more than 45,000 flights and 2.9 million airline passengers nationwide per day.

The Trump administration has begun firing hundreds of the FAA’s most recent hirees — known as ‘probationary workers’ during their first year or two of public service — who were sent termination emails over the weekend and could be barred from entering their FAA job sites on Tuesday.

According to the Associated Press, the impacted workers include personnel hired for FAA radar, landing and navigational aid maintenance. Many of these workers are veterans, as the FAA continuously recruits employees with prior air traffic experience from the military and private industry.

The Trump Administration’s FAA purge comes after he fired all the members of the Aviation Security Advisory Committee, a panel mandated by Congress that is charged with examining safety issues at airlines and airports around the country.

Air traffic control is one of the most specialized and skilled professions in the federal government. Air traffic controllers work in towers at airports and radar rooms at FAA facilities nationwide. Their job is to separate planes, navigate them through weather, and ensure that everyone reaches their respective destinations safely.

MIL OSI USA News –

February 19, 2025

MIL-OSI USA: Attorney General Bonta Files Charges Against Los Angeles Real Estate Agent, Landlord for Price Gouging in Wake of Eaton Fire

Source: US State of California

In addition, DOJ has sent more than 700 price gouging warning letters to hotels and landlords

LOS ANGELES — California Attorney General Rob Bonta today announced the filing of charges against a Southern California real estate agent and a landlord for price gouging a victim who was evacuated due to the Eaton Fire. This investigation began when a complaint was filed with the California Department of Justice (DOJ) after the victim took steps to rent a Hermosa Beach home after the Governor’s Emergency Order, which protects against price gouging, went into effect. The investigation revealed that after the Emergency Order was in place, the defendants increased the rental price by 36%, which exceeded the 10% limit laid out in Penal Code section 396. The charge carries a potential penalty of a $10,000 maximum fine and the possibility of 12 months in jail.

“The California Department of Justice remains focused on putting a stop to price gouging,” said Attorney General Bonta. “Following the devastating fires in Southern California, I have been urging the public to report price gouging to local authorities, or to my office at oag.ca.gov/report or by reaching out to our hotline at (800) 952-5225. Today, we’ve announced price gouging charges against both a real estate agent and a landlord for price gouging in the wake of the Eaton Fire. DOJ will continue relentlessly pursuing those who are trying to capitalize off of the chaos and pain of Southern California’s natural disaster.”

As part of Attorney General Bonta’s work to protect Californians following the Southern California wildfires, DOJ has also sent more than 700 warning letters – and counting – to hotels and landlords who have been accused of price gouging. In addition, the office has more active criminal investigations into price gouging underway.

Working alongside our District Attorneys, City Attorneys, and other law enforcement partners, DOJ has opened active investigations into price gouging as it continues to ramp up deployment of resources to Los Angeles County to investigate and prosecute price gouging, fraud, scams, and unsolicited low-ball offers on property during the state of emergency. DOJ has been working diligently to tackle this unlawful and unscrupulous conduct since a state of emergency was declared on January 7, 2025, and to further those efforts, the launch of a website dedicated to its response: oag.ca.gov/LAFires.

California law – specifically, Penal Code section 396 – generally prohibits charging a price that exceeds, by more than 10%, the price a seller charged for an item before a state or local declaration of emergency. For items a seller only began selling after an emergency declaration, the law generally prohibits charging a price that exceeds the seller’s cost of the item by more than 50%. This law applies to those who sell food, emergency supplies, medical supplies, building materials, and gasoline. The law also applies to repair or reconstruction services, emergency cleanup services, transportation, freight and storage services, hotel accommodations, and long- and short-term rental housing. Exceptions to this prohibition exist if, for example, the price of labor, goods, or materials has increased for the business.

Violators of the price gouging statute are subject to criminal prosecution that can result in a one-year imprisonment in county jail and/or a fine of up to $10,000. Violators are also subject to civil enforcement actions including civil penalties of up to $2,500 per violation, injunctive relief, and mandatory restitution. The Attorney General and local prosecutors can enforce the statute.

TIPS FOR REPORTING PRICE GOUGING, SCAMS, FRAUD AND OTHER CRIMES:

Visit oag.ca.gov/LAfires or call our hotline at: (800) 952-5225.
Include screenshots of all correspondence including conversations, text messages, direct messages (DMs), and voicemails
Provide anything that shows what prices you were offered, when, and by whom.
If you’re on a site like Zillow, you can also send screenshots of the price history and a link to the listing.
Include first and last names of the realtors, listing agents, or business owners you spoke to. Be sure to include phone numbers, email addresses, home and business addresses, websites, social media accounts.
Don’t leave out any information that can help us find and contact the business or landlord.

Californians who believe they have been the victim of price gouging should report it to their local authorities or to the Attorney General at oag.ca.gov/LAfires. To view a list of all price gouging restrictions currently in effect as a result of proclamations by the Governor, please see here.

A copy of the complaint can be found here.

MIL OSI USA News –

February 19, 2025

MIL-OSI Security: Maine Man Sentenced to 10 Years in Prison after Methamphetamine Recovered from Safe in Biddeford Apartment

Source: Office of United States Attorneys

PORTLAND, Maine: A Biddeford man was sentenced today in U.S. District Court in Portland for possessing methamphetamine with intent to distribute.

Chief U.S. District Judge Lance E. Walker sentenced Tyrone Fleurimont, 36, to 120 months in prison to be followed by five years of supervised release.

According to court records, in April 2024, U.S. Drug Enforcement Administration (DEA) investigators executed a search warrant at a Biddeford apartment used by Fleurimont. Agents seized approximately 180 grams of methamphetamine pills, 90 grams of crystal methamphetamine, 293 grams of cocaine, and 66 grams of cocaine base, along with cash, a 9mm handgun and a loaded 18-round magazine. Individually wrapped baggies containing approximately 14 grams of cocaine were also later recovered from Fleurimont’s person.

Fleurimont has prior criminal convictions in both Massachusetts and Maine, including a 2013 conviction for possessing a Class A drug with intent to distribute, a 2016 conviction for possessing a firearm without a permit, and a 2019 conviction for unlawful trafficking in scheduled drugs.

DEA investigated the case with the assistance of the Biddeford Police Department.

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MIL Security OSI –

February 19, 2025

Category: Natural Disasters

Queer politicians targeted

How it puts off politically engaged young people

The upcoming election

Demanding better of online platforms

Feb 13, 2025 IPAA, Energy Industry Groups Support Sen. Cruz Congressional Review Act (CRA) Resolution Disapproving of DOE Rule on Gas-Fired Water Heaters

Commitment to Gaza’s future

UN condemns raid on UNRWA schools

UN chief condemns violations

Lebanon: Tensions ease along the Blue Line of separation

Call for stability