Strong Revenue and Profit Growth
Revenues increased to $17.3 billion, and policies in force increased to $209.5 million. Net income was $3.7 billion with an adjusted net income of $3 billion or $11.17 per share. Return on equity for the last 12 months was 34.7%.
Effective Cost Reduction
Expense ratio reduced by 6.7 points, supported by transformative growth initiatives aimed at increasing market share.
Investment Income Increase
Net investment income was $949 million in the third quarter, representing a 21.2% increase over the prior year quarter.
Homeowners Insurance Competitive Advantage
Homeowners business targeted a low 90s reported combined ratio and achieved a recorded combined ratio of 92.3% over 10 years.
Protection Services Growth
Protection Services grew with premiums up 12.7% compared to the third quarter of 2024, with significant growth in protection plans domestically and internationally.