Boston Omaha Corporation reports developments for a diversified holding company with operations in outdoor billboard advertising, broadband services, surety insurance and related brokerage, asset management, and minority equity investments. News commonly centers on annual and quarterly financial results tied to Form 10-K and Form 10-Q filings, including segment performance, investment holdings, and noncontrolling interests in real estate funds.
Company updates also cover capital allocation actions such as Class A common stock repurchases, annual stockholder meeting matters, and subsidiary activity at General Indemnity Group, which includes United Casualty & Surety Insurance Company and BOSS Bonds Insurance Agency in the surety insurance sector.
Boston Omaha (NYSE: BOC) completed the sale of General Indemnity Group to CopperPoint Insurance Company, expanding CopperPoint's specialty insurance platform.
The acquisition closed after receipt of all necessary regulatory approvals and satisfaction of other customary closing conditions. General Indemnity Group includes United Casualty & Surety Insurance Company, surety placement platform BOSS Bonds and proprietary technology platform SuretyBonds.Market. Its surety business serves all 50 states and Washington, D.C.
CopperPoint said it is contributing additional capital to strengthen and expand its surety offerings. Customers and distribution partners will continue working with their existing teams, products and platforms. General Indemnity Group's Boston office will remain the headquarters for its surety operations.
Boston Omaha (NYSE:BOC) completed the sale of its surety insurance business to CopperPoint Insurance Company for a gross price of $84,308,757.
CopperPoint acquired all outstanding equity interests in General Indemnity Group in an all-cash transaction, with terms unchanged from the May 18, 2026 agreement. Boston Omaha retained 2,673,831 Sky Harbour Class A shares and a $326,371 final cash dividend representing remaining cash from GIG’s January 2026 sale of its Breezeway Homes preferred stock position. Sale proceeds will remain in cash and cash equivalents for potential deployment into existing businesses, new investments and/or the recently announced $30 million share repurchase plan.
Boston Omaha Corporation (BOC) approved a new share repurchase program authorizing buybacks of up to $30 million of its Class A common stock, effective November 1, 2026.
The new program replaces the 2025 authorization that would have expired on December 31, 2026. Through September 10, 2026, the company has repurchased 1,607,323 Class A shares for approximately $21 million under the 2025 plan. The new program will run until the earlier of December 31, 2027 or the repurchase of $30 million of Class A shares. Repurchases may occur via open market or privately negotiated transactions, including Rule 10b5-1 plans, and will be financed with available cash and cash equivalents. The company is not obligated to repurchase any specific number of shares, and the Board may modify, suspend, extend or terminate the program at any time.
Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) announced an updated investor conference calendar, the filing of monthly construction reports and an increase to its recent registered direct common stock placement. The company executed a third stock purchase agreement to sell 1 million shares to M-Cor Capital at $10.00 per share, adding $10 million in expected proceeds, with closing targeted on or before August 26, 2026.
According to Sky Harbour, existing investors in the initial tranche granted waivers to a 90-day lock-up agreement to permit this additional issuance, and no further waivers are expected. The company plans to use the new capital to support future hangar developments and other corporate purposes, and it has filed required construction reports for Portfolio I and II with EMMA/MSRB.
Boston Omaha (NYSE: BOC) reported second quarter 2026 revenues of $22.2 million, up from $21.7 million a year earlier, driven by billboard rentals of $11.7 million and broadband services of $10.5 million. Net loss attributable to common stockholders narrowed to $1.6 million versus $2.3 million in Q2 2025, with basic and diluted net loss per share improving to $(0.05) from $(0.07).
The company agreed to sell its insurance subsidiary General Indemnity Group to CopperPoint Insurance for approximately $84.3 million, with closing expected in the second half of 2026, and now reports GIG as discontinued operations. Q2 Net Other Expense of $2.5 million reflected a $1.9 million unrealized loss on Sky Harbour warrants, $0.8 million of losses within BOAM funds and $0.6 million of interest expense, partly offset by $1.0 million realized gains from selling 331,500 Sky Harbour Class A shares and $0.3 million of interest and dividend income.
Operating cash inflow from continuing operations for the first half of 2026 was $10.1 million, up from $8.2 million a year ago. Boston Omaha repurchased 451,281 Class A shares for $5.8 million in Q2. As of June 30, 2026, unrestricted cash and investments were $31.8 million, total assets $683.1 million, total liabilities $167.8 million and total equity $515.3 million, with book value per share at $16.61.
Boston Omaha (NYSE: BOC) set its 2026 Annual Meeting of Stockholders for August 21, 2026, starting at 10:00 a.m. Central Time at Hotel Indigo, Logan Event Space, Omaha, Nebraska.
The meeting will be held in person only, with no remote streaming. The record date is June 30, 2026, and existing proxy deadlines for proposals and director nominations remain in effect.
Boston Omaha (NYSE:BOC), through General Indemnity Group (GIG), agreed to sell its surety insurance operations to CopperPoint Insurance via an all-cash transaction. CopperPoint will acquire all equity interests of GIG, including UCS, BOSS Bonds and SuretyBonds.Market. Closing is targeted before year-end 2026, subject to regulatory approvals.
For 2025, GIG reported $27.2 million in total revenue. AM Best stated CopperPoint’s A (Excellent) Financial Strength Rating and “a” Long-Term ICR remain unchanged, and risk-adjusted capitalization is expected to continue supporting the consolidated group.
CopperPoint Insurance Company signed a definitive agreement to acquire General Indemnity Group (GIG) and subsidiaries, including United Casualty & Surety Insurance Company, BOSS Bonds, and SuretyBonds.Market, from Boston Omaha (NYSE: BOC). The deal adds nationwide surety capabilities and is expected to close before year-end, pending regulatory approvals.
Boston Omaha (NYSE:BOC) agreed to sell its surety insurance unit, General Indemnity Group (GIG), to CopperPoint Insurance Company in an all-cash transaction. CopperPoint will acquire all equity of GIG, including UCS, BOSS Bonds, and SuretyBonds.Market.
The deal is expected to close by year-end 2026, subject to regulatory approvals, including the Nebraska Department of Insurance. GIG generated $27.2 million in total revenue for the year ended December 31, 2025. Sale proceeds will be held as cash and cash equivalents at Boston Omaha for future investments or share repurchases.
Boston Omaha (NYSE: BOC) reported first quarter 2026 revenue of $28.2 million, up from $27.7 million in 2025, and a net loss attributable to common stockholders of $2.1 million, or $(0.07) per share.
Operating cash inflow was $3.9 million versus $2.6 million a year earlier. The company repurchased 375,286 Class A shares for $4.8 million. Book value per share was $16.61 and total unrestricted cash and investments were $48.4 million at March 31, 2026.