Highlights
- Operating DPW1,2 grew 3%, attributable to continued momentum in Personal lines
- Combined ratio1 was solid at 91.3%, remaining stable year-over-year despite 2.5 points of higher catastrophe losses
- Net operating income per share1 increased 10% to $4.01 driven by solid underwriting results, as well as investment and distribution income increasing 9% and 17%, respectively
- BVPS1 increased 4% sequentially and 13% year-over-year to $96.16, with solid EPS of $3.69 in the quarter
- Operating ROE1 of 16.5% (ROE1 of 13.7%) with a strong and resilient balance sheet, including $3.1 billion of total capital margin1
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