Overview

• Adjusted EPS came in at $8.14 versus the $6.29 consensus, and revenue rose 5% to $12.47 billion, exceeding the $11.81 billion forecast.
• Core income increased to $1.87 billion from $1.22 billion on lower catastrophe losses, stronger underlying underwriting gains, and a 15% after-tax rise in net investment income.
• Net written premiums grew 1% to $11.5 billion, with Business Insurance up 3% to $5.7 billion, Bond & Specialty up 1% to $1.1 billion with 87% retention, and Personal Insurance flat at $4.7 billion.
• Adjusted book value per share rose 15% year over year to $150.55, and trailing twelve‑month core return on equity reached 18.7%, according to the company.
• The company repurchased 2.3 million shares for $628 million, left $3.665 billion in buyback capacity, and declared a $1.10 dividend payable December 31 to shareholders of record on December 10, as shares traded about 6% lower premarket.