Strong Revenue Growth
Total revenues were $16.5 billion in the fourth quarter, up 11.3% compared to the prior year quarter. Revenues increased to $64.1 billion in 2024, with property liability earned premiums up 10.6% in the quarter and 11.2% for the full year.
Record Net Income and ROE
Net income of $1.9 billion in the fourth quarter and $4.6 billion for the full year. Adjusted net income return on equity was 26.8%.
Successful Underwriting and Investment Income
Property liability underwriting income improved by $507 million compared to the prior year. Net investment income was up 37.9% from the prior year.
Protection Plans Business Growth
Revenues of $528 million in the fourth quarter grew 20.3% from the prior year, driven by both domestic and international expansion, with adjusted net income of $37 million.
Strategic Asset Sales
The sale of group health and employee voluntary benefits businesses expected to generate $3.25 billion, representing attractive valuation multiples.