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Christopher Merrill, Co-Founder, Chairman and CEO of Harrison Street, to Receive Prestigious 2025 Horatio Alger Award

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 Horatio Alger Association names 12 outstanding individuals, each of whom has overcome adversity to achieve professional and personal success, to its Member Class of 2025

WASHINGTON, Jan. 28, 2025 /PRNewswire/ — Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization that honors the achievements of outstanding leaders who have overcome adversity and supports promising young people to pursue their American Dream through higher education and technical scholarships, today announced that Christopher Merrill, co-founder, chairman, and CEO, Harrison Streethas been selected for membership in this prestigious organization. Mr. Merrill joins 11 other exceptional corporate, civic and cultural leaders from across the country in receiving 2025 honors. For the last 78 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing significant challenges, and who have remained committed to higher education and charitable efforts in their communities and beyond. 

Christopher Merrill was born in Okinawa, Japan in 1971 while his father was in the military. Growing up in the suburbs of Chicago, he was fortunate to enjoy a peaceful childhood. However, his teenage years brought challenges, with financial struggles and his mother’s ongoing health issues quietly shaping a more difficult path forward. While earning a BA from Roanoke College in 1993, Mr. Merrill began as an intern at a Chicago-based real estate investment firm. An innovator from the start, he developed the firm’s European strategy, becoming one of the early pioneers in the Central European real estate markets during the late 1990s, all while completing an MBA at night at the City University of London. 

In 2005, Mr. Merrill co-founded Harrison Street, a global real assets investment management firm. Harrison Street is renowned for its focus on investments in education, healthcare, life sciences, storage, digital and renewable energy sectors. With over 300 employees and offices around the globe, the firm is recognized as a global leader and consistently celebrated as a top workplace by Pensions & Investments magazine. Under Mr. Merrill’s leadership, Harrison Street has become a leading investment management firm with $56 billion in assets under management. 

“It is an honor to join the prestigious network of Members who comprise the Horatio Alger Association,” said Mr. Merrill. “I am deeply grateful for the opportunity to support the growth and development of tomorrow’s leaders. My hope is to inspire Scholars to never give up and to remind them of the boundless possibilities available to them through our free enterprise system.”

Dedicated to giving back, Mr. Merrill supports the Horatio Alger Association’s mission through internships and scholarships, with his commitment to education and community reflecting his belief in creating opportunities for others. Mr. Merrill and his wife, Peyton, are passionate about serving the Chicago community and are highly involved in Harrison Street’s outreach efforts that have supported local organizations such as the First Tee, Rush Hospital, PanCan and more. Mr. Merrill proudly serves on the Board of Trustees of Roanoke College, his alma mater, as well as Salisbury School.

“Discipline, resilience and humility are all traits that define Chris,” said Byron D. Trott, chairman and co-chief executive officer, BDT & MSD Partners and 2011 Horatio Alger Award recipient. “For many years, I have witnessed his entrepreneurial mindset that has led him to achieve great success with Harrison Street. Not only is Chris dedicated to his business, but he is also committed to uplifting communities in Chicago. Without a doubt, I am certain he will inspire future generations of leaders through the Horatio Alger Association.”

The Horatio Alger Association was established in 1947 and today is dedicated to promoting and ensuring the American Dream for future generations. Through its Members, the Association aims to teach young people about the limitless possibilities available through the American free-enterprise system. Since 1984, the Association has awarded annual need-based scholarships to high school students who have overcome significant obstacles and showcase a commitment to continuing their education and making a unique contribution to society. The scholarships are possible because of the generosity of Association Members, who have collectively provided more than $265 million to 37,000 students over the past 40 years.

Mr. Merrill and the Member Class of 2025 will be formally inducted into the Association during the 78th Horatio Alger Award Induction Ceremonies in Washington, D.C. from April 3-5, 2025. The annual three-day event honors the achievements of both Members and National Scholars, who will have the unique opportunity to meet, interact and exchange stories of perseverance throughout the multi-day celebration.

For more information about Horatio Alger Association and its Member Class of 2025, please visit www.horatioalger.org and follow the organization on LinkedIn, Instagram, Facebook and X.

About Horatio Alger Association of Distinguished Americans:
Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Through the generosity of its Members and friends, in 2025, the Association has budgeted to award more than $17.4 million in undergraduate and graduate need-based scholarships to students across the United States and Canada, and continues to provide comprehensive academic, personal, and professional support services to its Scholars. Over the past 40 years, more than $265 million has been awarded in undergraduate, graduate, military veteran and career and technical education scholarships to more than 37,000 deserving students. For more information, please visit www.horatioalger.org.

CONTACT:
McKenna Young
myoung@briancom.com

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SOURCE Horatio Alger Association of Distinguished Americans, Inc.

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Hexagon Interim Report 1 January – 31 March 2026

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STOCKHOLM, April 23, 2026 /PRNewswire/ —

First quarter 2026

Continuing operations

Operating net sales of 963.8 (961.5) resulting in organic growth of 8%Net sales including acquired deferred revenue amounted to 963.6 MEUR (961.5)Adjusted gross earnings of 606.3 (619.1) resulting in a 62.9% (64.4) gross marginAdjusted operating earnings (EBIT1) of 251.3 MEUR (248.7) resulting in a 26.1% (25.9) EBIT1 marginAdjusted earnings per share of 6.7 Euro cent (6.5)Earnings per share of 58.4 Euro cent (5.0)Cash conversion of 77% (60)Recurring revenue of 289.9 MEUR (308.0), 6% organic growthOctave reported operating net sales of 327.2 MEUR (361.3) and adjusted operating margin of 25.2% (26.6)Adjusted earnings per share including discontinued operations of 9.1 (9.4)Earnings per share including discontinued operations of 59.9 Euro cent (7.0)

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 (0) 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, +46 8 601 26 26, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 23 April 2026.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/hexagon-interim-report-1-january—31-march-2026,c4338783

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SOURCE Hexagon

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Dragonpass Empowers Financial Institutions with End-to-End Loyalty Solutions at Money20/20 Asia

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BANGKOK, April 23, 2026 /PRNewswire/ — Dragonpass, a leading global travel and lifestyle platform, participated in Money20/20 Asia, showcasing its customer loyalty solutions for banks, payment providers, credit card issuers, and fintech companies across APAC and globally.

As one of the most influential fintech events worldwide, Money20/20 Asia gathers decision-makers across the financial ecosystem. At the event, Dragonpass demonstrated how financial institutions can enhance customer engagement and build long-term loyalty through integrated travel and lifestyle experiences.

Established in 2005, Dragonpass has evolved from a lounge provider into a loyalty solutions partner, serving more than 800 global clients and over 40 million members worldwide.

At the core of Dragonpass is a business structure that combines global supply aggregation, a technology-enabled engagement platform, and consumer-facing lifestyle services — providing a one-stop solution across the customer lifecycle.

Leveraging data-driven insights, Dragonpass enables partners to design and optimise loyalty programs, incorporating customer segmentation and tiered incentive structures, alongside curated campaigns and entitlement configuration — driving more effective customer activation, engagement, and retention.

Its offering includes a broad portfolio of travel and lifestyle benefits such as airport lounge access, fast-track, dining, airport transfers, and lifestyle experiences. These are supported by flexible delivery models, including API integration, white-label solutions, and ready-to-deploy digital platforms, enabling seamless integration into clients’ customer journeys.

As customer expectations evolve, the industry is shifting from standardized benefits to more personalized, experience-led loyalty models. Insights from Dragonpass’s Loyalty Index show that customers increasingly value trust, rewards, simplicity, recognition, and exclusivity, with preferences varying across markets.

“Financial institutions today are looking for more effective ways to engage customers beyond traditional rewards,” said Jane Zhu, Co-founder and CEO of Dragonpass. “User engagement is at the core of loyalty, and technology — especially AI — plays a key role in enabling deeper and more relevant customer connections.”

Dragonpass works with leading global brands including Mastercard, Visa, HSBC, and Revolut, supporting them deliver differentiated value propositions and enhance customer engagement through scalable, customizable solutions.

Through its participation at Money20/20 Asia, Dragonpass aims to strengthen its presence in the APAC market and build strategic partnerships with organizations seeking to elevate their customer engagement strategies.

About Dragonpass

Dragonpass is a global travel and lifestyle platform providing premium airport and travel experiences across 140+ countries. By integrating global supply and technology, Dragonpass enables partners to deliver seamless, personalized experiences and drive customer loyalty.

Media Contact

Dragonpass PR
Email: brandmarketing@dragonpass.com
Website: www.dragonpass.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/dragonpass-empowers-financial-institutions-with-end-to-end-loyalty-solutions-at-money2020-asia-302751442.html

SOURCE Dragonpass

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SBI Life Insurance registers New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026

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MUMBAI, India, April 23, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026 vis-a-vis ₹35,577 crores for the year ended 31st March, 2025. Single premium has increased by 28% over the year ended on 31st March, 2025.

Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹4,622 crores for the year ended 31st March, 2026, marking a growth of 13%. Protection Individual new business premium registered a growth of 23% and stood at ₹973 crores for the year ended 31st March, 2026. Individual New Business Premium stands at ₹29,783 crores with 13% growth over the year ended on 31st March, 2025.

SBI Life’s profit after tax stands at ₹2,470 crores for the year ended 31st March, 2026 with a growth of 2% over the year ended on 31st March, 2025.

The company’s solvency ratio continues to remain robust at 1.90 as on 31st March, 2026 as against the regulatory requirement of 1.50.

SBI Life’s AUM also continued to grow at 9% to ₹4,87,163 crores as on 31st March, 2026 from ₹4,48,039 crores as on 31st March, 2025, with the debt-equity mix of 62:38. 94% of the debt investments are in AAA and Sovereign instruments.

The company has a diversified distribution network of 3,58,506 trained insurance professionals and wide presence with 1,230 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of Sale Persons (POS), insurance marketing firms, web aggregators and direct business.

Performance for the year ended March 31, 2026

Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.5% & 22.9% respectively.Annualized Premium Equivalent (APE) stands at ₹ 24,266 crores with growth of 13%Individual New Business Sum Assured stands at ₹ 4,46,337 crores with 61% growthImprovement in 13M & 49M persistency by 53 bps & 107 bps respectivelyValue of New Business (VoNB) stands at ₹ 6,667 crores with growth of 12%VoNB Margin stands at 27.5%Indian Embedded value (IEV) stands at ₹ 80,791 crores with 15% growthProfit After Tax (PAT) stands at ₹ 2,470 crores with 2% growthOperating Return on Embedded Value stands at 19.7% Assets under Management stands at ₹ 4,87,163 crores with 9% growthRobust Solvency ratio of 1.90

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