Strong Net Operating Income
Net operating income per share reached $5.23, an 8% increase from last year, driven by strong underwriting performance across all segments.
Improved Combined Ratio
The combined ratio was strong at 86.1%, with a 1 point improvement year-over-year despite higher catastrophe losses.
Growth in Personal Lines
Personal auto premiums grew 11%, with a combined ratio improvement of 1 point to 90.3%. Personal property premiums grew 10%, with a combined ratio of 84.5%.
Resilient Financial Position
Operating return on equity was above 16% for the third straight quarter, with a strong balance sheet and a total capital margin of $3.1 billion.
Positive Distribution Income
Distribution income of $165 million was driven by a strong contribution from BrokerLink and continued M&A activities.
Successful Climate Initiative
Launched 'Keep it intact,' a national program in Canada to help protect homes from climate threats, and increased funding for municipal climate resiliency grants.