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.
Brookline Bancorp reported second quarter earnings of approximately $22 million or $0.25 per share.
Customer deposits increased by $59 million and net interest margin improved by 10 basis points to 3.32%.
Merger expenses were $439,000 and largely non-tax deductible, contributing to a higher effective tax rate.
Net interest income increased by $2.9 million to $88.7 million, and fee income was slightly higher at $6 million, bringing total revenues to $94.7 million, up 3% from Q1 and 10% year-over-year.
Noninterest expense, excluding merger charges, decreased by $1.3 million from Q1 to $57.7 million, with marketing expenses increasing by $503,000.
Provision for credit losses was $7 million, $1 million higher than Q1, with total net charge-offs of $5.1 million and increased reserves for Boston office market credits.
Reserve coverage increased to 132 basis points of total loans.
The Board approved maintaining the quarterly dividend at $0.135 per share.
The loan portfolio contracted by $61 million intentionally, with reductions in commercial real estate and specialty vehicles, while commercial and consumer loans grew.
American Express reported record revenues of $17.9 billion, up 9% year over year in Q2 2025.
Capital position remains strong with CET1 ratio at 10%, stress capital buffer at the lowest permissible 2.5%, and ROE of 36%.
Delinquency rates remained flat and write-off rates declined, reflecting strong credit quality.
Earnings per share were $4.08, up 17% excluding last year's gain from the sale of the certified portfolio.
Net card fees reached record levels, up 20% FX adjusted, more than doubling since 2019.
Net interest income grew at a double-digit pace driven by balance sheet growth and margin expansion.
Operating expenses grew 9% excluding certified, driven by investments in risk management and technology, but operating leverage improved with expenses as a percentage of revenue down from 25% to 21%.
Reaffirmed full-year guidance of 8% to 10% revenue growth and EPS between $15 and $15.50.
Returned $2 billion to shareholders including $0.6 billion dividends and $1.4 billion share repurchases.
Total card member spending increased 7%, with strong growth in goods and services and restaurant spending, offset by softer airline and lodging spend.
Dafinchi