Earnings Feed

$0.89 per share

We delivered FFO of $0.89 per share in the quarter, exceeding prior expectations and demonstrating resilient cash flows despite elevated leasing CapEx.

$2 billion, up 30.7%

Net premium written surpassed $2 billion, up 30.7% from the second quarter of 2024, largely driven by the acquisition of the U.S. middle market and entertainment businesses.

$28.4 million or $0.53 per diluted share

Excluding adjusting items, net income was significantly higher than GAAP net income, reflecting strong core profitability despite acquisition costs.

Net loss of $29.7 million or $1.57 per diluted share

Realized a $53.4 million loss selling $482 million in bonds yielding 2.2%, reinvesting in higher-yielding securities at ~5%.

1.2%

Consolidated property revenue grew 1.2% year-over-year in more than 3% when excluding noncash straight line revenue despite absorbing more than 70 basis points of FX headwinds.