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Belém, Brazil, November 2025 — The United Nations-convened Forum for Insurance Transition (FIT) today unveiled a landmark global guide that links underwriting and investment portfolios of insurance and reinsurance companies through a pioneering set of “Total Balance Sheet Principles” for transition planning.

“A Total Balance Sheet Transition: A holistic transition plan guide linking the underwriting and investment portfolios of insurers and reinsurers” provides insurers, reinsurers and brokers with a practical, principles-based framework to develop and disclose credible, enterprise-wide transition plans. The guide defines the essential components of a total balance sheet approach—grounded in cognitive consonance—and sets out clear criteria, principles and practical examples that help insurers better identify and manage risks, opportunities and impacts, , strengthen financial resilience, and support real-economy transition outcomes.

The new guide is the third deliverable of the FIT Transition Plan Project:

• The first deliverable of the FIT Transition Plan Project, Closing the Gap (November 2024), introduced the foundations of transition planning for the insurance industry and mapped national policy and regulatory frameworks relevant to transition plans, climate and sustainability risk management, and disclosure across developed and developing countries.
• The second deliverable, Underwriting the Transition (July 2025), provided deep-dive transition plan guidance tailored to insurance and reinsurance underwriting portfolios, outlining the respective roles of insurers, reinsurers and brokers.
• This third deliverable—developed in two phases—operationalizes the convergence of underwriting and investment transition plans, ensuring that earlier FIT guidance can be implemented as part of one coherent Total Balance Sheet framework.

Together, these deliverables form the most comprehensive, insurance-specific transition plan guidance available to date.

We recently published 11 Stocks Jim Cramer Talked About. Cisco Systems Inc. (NASDAQ:CSCO) is one of the stocks Jim Cramer recently discussed.

Networking hardware equipment manufacturer Cisco Systems Inc. (NASDAQ:CSCO) reported its fiscal first-quarter earnings report on Wednesday. The results saw the firm report $14.88 billion in revenue and $1 in EPS which beat analyst estimates of $14.77 billion and $0.98. Citing orders from hyperscalers, Cisco Systems Inc. (NASDAQ:CSCO) outlined that its networking business saw revenue grow by 15% to $7.77 billion during the quarter. After yesterday’s close and the latest earnings, Cisco Systems Inc. (NASDAQ:CSCO)’s current forward P/E ratio sits at 19, according to Yahoo Finance. Cramer discussed the firm ahead of the earnings report and assured viewers that the Cisco Systems Inc. (NASDAQ:CSCO) of 2025 wasn’t equivalent to the one in 1999:

“[On upcoming earnings] Yeah and we own it for the charitable trust. It’s not expensive by the way. Now the last time it was at these levels, it was very expensive. Now you’re talking about 1999, but that’s a company that sells at 16 times earnings. It’s not the one that’s historically blowing up to anybody. Doesn’t blow people off.

While we acknowledge the potential of CSCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

Warren Buffett’s conglomerate revealed in a regulatory filing late Friday that it purchased 17.8 million shares of Google parent Alphabet during the third quarter. The stock jumped 4% in after-hours trading yesterday.

It was the biggest stock addition last quarter and was worth about $4.3 billion at the end of September. Berkshire also bought shares of Chubb, Domino’s Pizza, Sirius XM and Lennar.

Meanwhile, Berkshire maintained its position in Amazon, another AI hyperscaler, in the third quarter.

The addition of Alphabet comes amid a massive rally. Even after the most recent AI-fueled stock market selloff, Alphabet shares are still up 46% this year.

To be sure, Alphabet has been on Berkshire’s radar in the past. In 2019, Buffett’s right-hand man at the time, the late Charlie Munger, admitted that he felt “like a horse’s ass for not identifying Google better. I think Warren feels the same way.”

Back then, Google’s dominance in search piqued Berkshire’s interest. But today, the company is among the tech giants leading the charge into AI.

Alphabet, Amazon, Meta Platforms and Microsoft alone are spending hundreds of billions of dollars a year with no signs of a slowdown.

Morgan Stanley has estimated AI hyperscalers plan to spend about $3 trillion on data centers and other infrastructure through 2028.

The relentless capital expenditures, much of which is coming via debt, have made Wall Street nervous about whether AI companies will be able to translate all those outlays into sustainable revenue and profits.

With Buffett due to step down as Berkshire’s CEO by year’s end, it’s not immediately clear whether he, successor Greg Abel, or another top executive made the call to buy Alphabet stock.

And investors may not hear directly from the “Oracle of Omaha” on the matter. In a letter published Monday, Buffett said he’ll be “going quiet,” and will no longer write Berkshire’s annual report, nor talk “endlessly” at the annual meeting.

Leading up to Buffett’s departure, Berkshire has been taking a cautious stance on the stock market as well as company acquisitions, sending its cash pile to record highs.

Buffett’s closely followed stock portfolio continued to shrink overall, as last quarter marked three straight years of net selling. The most recent round of selling included more shares of Apple, which Berkshire has been steadily offloading for more than a year.