Strong Net Income and ROE
The company reported €195 million of net income with an 18.3% ROE, surpassing the forward 2026 assumption of 12%.
Economic Value Growth
Economic value increased by 6.8% at constant economics, putting the company on track to achieve its 9% economic value growth target for the year.
P&C Performance
The P&C segment showed excellent performance with a combined ratio of 85%, despite a €140 million impact from Los Angeles fires.
Investment Yield
Investments achieved a 3.5% regular income yield, at the upper end of the forward 2026 range, benefiting from high-quality fixed income portfolios.
Solvency Ratio Improvement
The group solvency ratio increased to 212%, supported by positive net operating capital generation.