Q2 FY2026 EarningsQ2 FY26 results significantly exceeded consensus across all key financial metrics. Total revenue of $1,726.2M beat the $1,652.7M estimate by 4.45%, while Diluted GAAP EPS of $5.38 surged past the $3.86 expectation by 39.38%. The performance was driven by a robust recovery in Personal Lines underwriting results and a 13.4% YoY increase in net investment income. Management continues to execute on capital returns, repurchasing $142.9M of shares in the first half of the fiscal year and establishing a new $700M authorization.