Strong Return on Equity
The company achieved a return on beginning of year equity of 24.3%, reflecting an increase over the prior year's quarter of almost 40%.
Net Income Increase
Net income reached $511 million or $1.28 per share, with operating income increasing 12% over the same period to $440 million or $1.10 per share.
Growth in Investment Income
Pretax quarterly net investment income grew to $351 million, driven by an increase in the core portfolio of 9.4%.
Record Stockholders' Equity
Stockholders' equity reached a record of $9.8 billion, increasing 16.7% from the beginning of the year.
Top Line Growth
Quarterly net premiums earned reached a record of more than $3.2 billion, with net premiums written growing in all lines of business.