Reports Q2 revenue $236M vs. $154M last year. Return on equity of 2.5% and Adjusted ROE of 2.9% for the quarter compared to ROE and Adjusted ROE* of 0.5% and 2.1%, respectively, in the second quarter of 2023. Quarter-over-quarter ROE performance was positively impacted by an increase in the gain from fair value changes in trading securities, funds held and other investments and favorable prior period loss development. Second quarter 2024 Adjusted ROE excludes $35 million of net realized losses on our fixed maturities and fair value changes in trading securities and funds held. Run-off liability earnings of $62 million for the quarter relative to the comparative quarter RLE of $10 million was driven by favorable loss development on our construction defect line of business after assuming active claims management, as well as our professional indemnity/directors and officers line of business.
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