- 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.
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- Adjusted pre-provision net revenue (PPNR) increased 11%, producing 330 basis points of positive operating leverage.
- Adjusted return on assets (ROA) was 1.25%, return on tangible common equity (ROTCE) was 17.7%, and efficiency ratio was 54.1%.
- Average loans increased 6% year over year, marking the fourth consecutive quarter of accelerating loan growth.
- Commercial nonperforming assets declined 14% sequentially and 30% since Q1, with criticized assets down 4%.
- Net charge-off ratio was 109 basis points, including $178 million from Tricolor; excluding Tricolor, commercial charge-offs were 51 basis points, consumer charge-offs 52 basis points, the lowest in two years.
- Net interest income (NII) improved 7% year over year and 2% sequentially, with net interest margin expanding for the seventh consecutive quarter.
- Reported earnings per share of $0.91, or $0.93 excluding certain items, despite a $200 million provision related to Tricolor fraud.
- Tangible book value per share grew 7% year over year and 3% sequentially, despite repurchasing $300 million of stock.
- 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.
Dafinchi