- After-tax operating income: $910M ($2.67 per share)
- Pre-tax catastrophe losses: $234M
Net income fell 23% YoY on higher catastrophe losses and lower earned premiums. Operating income slipped 3.6%. Combined ratio worsened 2.7 points to 82.5%. Share repurchases totaled $1.4B.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.