Revenue: As of FY2025 Q3, the actual value is USD 5.109 B.

EPS: As of FY2025 Q3, the actual value is USD 3.56.

EBIT: As of FY2025 Q3, the actual value is USD 1.54 B.

Insurance Segment

• Gross Premiums Written: $2,567 million for Q3 2025, compared to $2,341 million for Q3 2024.
• Net Premiums Earned: $1,969 million for Q3 2025, compared to $1,765 million for Q3 2024.
• Underwriting Income: $129 million for Q3 2025, compared to $120 million for Q3 2024.
• Loss Ratio: 59.0% for Q3 2025, compared to 61.6% for Q3 2024.
• Combined Ratio: 93.4% for Q3 2025, compared to 93.1% for Q3 2024.

Reinsurance Segment

• Gross Premiums Written: $2,515 million for Q3 2025, compared to $2,763 million for Q3 2024.
• Net Premiums Earned: $2,015 million for Q3 2025, compared to $1,892 million for Q3 2024.
• Underwriting Income: $482 million for Q3 2025, compared to $149 million for Q3 2024.
• Loss Ratio: 51.6% for Q3 2025, compared to 69.6% for Q3 2024.
• Combined Ratio: 76.1% for Q3 2025, compared to 92.3% for Q3 2024.

Mortgage Segment

• Gross Premiums Written: $330 million for Q3 2025, compared to $339 million for Q3 2024.
• Net Premiums Earned: $301 million for Q3 2025, compared to $313 million for Q3 2024.
• Underwriting Income: $260 million for Q3 2025, compared to $269 million for Q3 2024.
• Loss Ratio: -0.5% for Q3 2025, compared to -0.4% for Q3 2024.
• Combined Ratio: 13.5% for Q3 2025, compared to 14.8% for Q3 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $4,768 million for the nine months ended September 30, 2025, compared to $5,100 million for the same period in 2024.
• Net Cash Used for Investing Activities: -$3,619 million for the nine months ended September 30, 2025, compared to -$4,881 million for the same period in 2024.
• Net Cash Used for Financing Activities: -$1,112 million for the nine months ended September 30, 2025, compared to -$35 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company continues to focus on enhancing its capabilities in the U.S. middle markets and expanding into the niche entertainment insurance market through strategic acquisitions like the MCE Acquisition.
• Non-Core Business: The company is actively managing its investment portfolio, including the use of derivative instruments to manage portfolio duration and enhance investment performance.