Earnings Feed

$18.6 million or $0.08 per share

FFO increased 172% year-over-year to $18.6 million or $0.08 per share.

2.2%

Gross written premium decreased by 2.2% compared to 2024 due to a decrease in new business written premium within the middle market.

19% year-over-year increase

We grew core earnings 19% year-over-year and ended the quarter with a record $47.4 million in core earnings.

$1.27

Results included a core earnings per share of $1.27, core return on assets of 1.3% and core return on tangible common equity of 18.03%. All of these metrics are up versus the first quarter.

$300 million

Our quarterly net interest income of $300 million was the strongest number we've seen in our company's history.

$45 million

We recorded $45 million or 3.8 points of unfavorable prior year casualty reserve development related to general liability and commercial auto.

$143 million intangible common equity improvement

Refined purchase accounting and tax evaluation work during the quarter resulted in an additional $143 million intangible common equity relative to initial estimates.

$323 million

FRE was a record $323 million, up 18% year-over-year.