Strong Net Income and Return on Equity
Achieved a first quarter net income of $1.3 billion and a return on equity of 22%.
Life and Health Re Solid Performance
Life and Health Re produced a net income of $439 million, slightly above the target of $400 million, with positive overall claims experience.
Resilient Investment Returns
Strong investment results with a return on investment of 4.4%, up from 4.0% the previous year.
Cost Reduction Initiatives on Track
Admin costs are in line with targets, aiming to reduce the cost run rate by at least $100 million this year.
Corporate Solutions Strong Start
Corporate Solutions achieved an 88.4% combined ratio, better than the target of less than 91% for the full year.