Reports Q3 revenue $497.5M, consensus $446.62M. Gross written premiums increased by 8.4% to $486.3M compared to the third quarter of 2024; Net investment income increased by 25.1% to $49.6M compared to the third quarter of 2024; Underwriting income was $105.7M in the third quarter of 2025, resulting in a combined ratios of 74.9%; Annualized operating return on equity was 25.4% for the nine months ended September 30, 2025. “Our business continues to produce strong results across the market cycle as we execute our model of disciplined underwriting and technology-enabled expense management. We remain confident in our strategy and our ability to deliver long-term value to our shareholders,” said CEO Michael Kehoe.
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