- Attritional combined ratio improved 2.3 points year-over-year to 90.9% in the first half, driven by improvements in loss ratio, acquisition costs, and operating expenses.
- Core combined ratio improved by 3.8 points year-over-year to 89.5% in Q2, marking the 11th consecutive quarter of underwriting profit.
- Gross written premiums grew 10% in Q2 and 14% year-to-date, with net premiums growing 8% in Q2 and 14% in the first half.
- Half year underwriting income was $96 million with core combined ratio of 92.4%, showing slight improvement despite catastrophe losses.
- Insurance & Services segment saw net premium growth of 15% in Q2, outpacing gross premium growth due to increased retention.
- Net investment income was $68 million in Q2, tracking in line with full-year guidance of $265 million to $275 million.
- Second quarter BSCR ratio was 223%, within target range, supporting organic growth opportunities.
- SiriusPoint delivered strong Q2 2025 results with an underlying return on equity (ROE) of 17%, exceeding the target range of 12% to 15%.
- Underlying earnings per share increased over 100% year-over-year to $0.66 in Q2; diluted book value per share grew 4% in Q2 and 10% year-to-date.
- Year-to-date underlying ROE was 15.4%, at the upper end of the target range despite losses from aviation and California wildfires.
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- Book value increased 6% sequentially and 13.2% year-to-date, with ongoing share repurchases totaling $48.2 million in Q2 and July.
- Combined ratio improved by approximately 7 points year-over-year, with ex-CAT combined ratio improving by 3 points.
- Core Commercial combined ratio was 93%, with an ex-CAT combined ratio of 88.9%, and net written premium growth of 4.4%.
- Net investment income increased 16.7% to $105.5 million, driven by higher earned yields and strong cash flows.
- Operating earnings were $4.35 per diluted share with earnings growth of approximately 25% on an ex-CAT basis.
- Operating ROE was 18.7%, a record for the second quarter.
- Personal Lines showed strong profitability and balanced growth with 3.7% growth and 84.8% ex-CAT combined ratio.
- Specialty segment achieved 4.6% net written premium growth and a mid-80s combined ratio, with strong profitability.
- Average base rent per leased square foot grew 5.3% year-over-year to $25.28.
- Bad debt for the quarter was just under 1% of revenues, consistent with prior year and within forecasted range.
- Debt-to-EBITDAre improved to 7.2x from 7.8x a year ago, with an expected year-end target of about 7x.
- G&A and interest expenses were reduced by about 6% compared to the prior year.
- Leasing spreads remained strong with straight-line leasing spreads of 17.9%, marking the 13th consecutive quarter above 17%.
- Occupancy increased 100 basis points sequentially from Q1 to 93.9%.
- Same-store NOI growth was 2.5% for the quarter and 3.9% for the 6 months, on track to meet the full-year target range of 3% to 4.5%.
- Whitestone REIT delivered core FFO per share of $0.26 for Q2 2025 and $0.51 for the first 6 months, representing a 5.4% and 5.6% year-over-year increase respectively.
- Allowance for credit losses on loans was $346 million, covering nonperforming assets by 3.47x.
- Deposits were $27.4 billion at June 30, 2025, down 1.6% year-over-year and 2% linked quarter, mainly due to seasonal public fund deposit declines and disciplined pricing.
- Earnings per diluted common share increased 21% to $1.42 from $1.17 year-over-year.
- Excluding one-time items in Q2 2024, net income increased 16% and EPS increased 16.4%.
- Loans totaled $22.1 billion at June 30, 2025, down slightly year-over-year but up 1% linked quarter.
- Net income for Q2 2025 was $135 million, up 21% from $111 million in Q2 2024.
- Net interest margin (tax equivalent) was 3.18% in Q2 2025, up from 2.94% in Q2 2024 and 3.14% in Q1 2025.
- Nonperforming assets increased to $110 million or 33 basis points of average interest-earning assets, compared to $89 million or 25 basis points a year ago.
- Return on average assets was 1.41% and return on average tangible common equity was 13.44% for Q2 2025, both improved from prior year.
- Arch Capital reported after-tax operating income of $979 million for Q2 2025, with operating earnings per share of $2.58 and an annualized operating return on average common equity of 18.2%.
- Book value per share grew by 7.3% in the quarter and 11.4% year-to-date, reflecting strong execution and long-term value creation.
- Mortgage segment delivered $238 million of underwriting income despite low mortgage originations, supported by a strong global in-force portfolio and high persistency.
- Net investment income rose 7% from the first quarter to $405 million, with overall yields remaining elevated.
- Net premium written surpassed $2 billion in the Property and Casualty Insurance group, up 30.7% year-over-year, driven largely by the acquisition of U.S. middle market and entertainment businesses.
- Reinsurance segment generated $451 million in underwriting income with over $2 billion in net premium written, showing 8.7% growth in gross written premium year-over-year.
- The combined ex-cat accident year combined ratio was 80.9%, down 10 basis points from last quarter, including $139 million of favorable prior year development.
- Adjusted net income return on equity was 28.6% over the trailing 12 months.
- Auto insurance combined ratio was 86%, a 9.9 point improvement from the second quarter of 2024.
- Divestitures of Employee Voluntary Benefits and Group Health businesses generated $3.25 billion, representing a 25 times multiple of latest 12-month earnings.
- Homeowners business had an underlying combined ratio of 58.6 but was offset by $1.6 billion in catastrophe losses, leading to a combined ratio of 102 in the quarter.
- Investment income was $754 million in the quarter, representing a total return of 1.4% for the quarter and 5.4% for the last 12 months.
- Net income was $2.1 billion and adjusted net income was $1.6 billion or $5.94 per diluted share.
- Personal property-liability policies in force increased by 0.8 points.
- Property-Liability business generated nearly $1.3 billion of underwriting income with a combined ratio of 91.1%, a 10-point improvement from prior year quarter.
- Protection Services revenues were $867 million in the quarter, generating $60 million of income.
- Returned $1.1 billion in dividends and repurchased $445 million of common stock in the past year.
- Revenues were $16.6 billion in the second quarter, a 5.8% increase compared to the second quarter of 2024.
- Total policies in force increased by 4.2% over the prior year, led by Allstate Protection Plans.
- Adjusted book value per share increased 14% year-over-year to $144.57, excluding unrealized investment gains and losses.
- All three segments showed strong net earned premiums and excellent profitability: Business Insurance combined ratio improved to 88.3%, Bond and Specialty to 87.8%, and Personal Insurance to 79.3%.
- Capital returned to shareholders totaled $809 million, including $557 million in share repurchases and $252 million in dividends.
- Net earned premiums grew 7% to $10.9 billion with an underlying combined ratio improving 3 points to 84.7%.
- Net investment income after tax was $774 million, a 6% increase from prior year, driven by a growing fixed income portfolio with total invested assets surpassing $100 billion.
- Operating cash flow was $2.3 billion for the quarter, marking the 21st consecutive quarter with over $1 billion in operating cash flow, totaling over $40 billion in that period.
- The Travelers Companies, Inc. reported exceptional Q2 2025 results with core income of $1.5 billion or $6.51 per diluted share and a core return on equity of 18.8% for the quarter, 17.1% on a trailing twelve-month basis.
Dafinchi