---
title: "ORC: Q2 delivered improved earnings and book value, but rising uncertainty and volatility persist"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293775298.md"
description: "Q2 saw a return to profitability with higher book value and total return, despite a dividend cut and increased expense ratio from one-time compensation. Portfolio positioning was fine-tuned amid rising market uncertainty, with leverage and hedge coverage both increasing.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-07-24T15:22:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293775298.md)
  - [en](https://longbridge.com/en/news/293775298.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293775298.md)
---

# ORC: Q2 delivered improved earnings and book value, but rising uncertainty and volatility persist

Q2 saw a return to profitability with higher book value and total return, despite a dividend cut and increased expense ratio from one-time compensation. Portfolio positioning was fine-tuned amid rising market uncertainty, with leverage and hedge coverage both increasing.

Based on

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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