The company reported Q1 2025 net income of $210 million ($4.90 per diluted share) and net operating income of $276 million ($6.45 per diluted share). For Q1 2024, net income was $733 million and net operating income was $709 million.

1. 01

   The company reported Q1 2025 net income of $210 million ($4.90 per diluted share) and net operating income of $276 million ($6.45 per diluted share). For Q1 2024, net income was $733 million and net operating income was $709 million.

2. 02

   The company said the Group combined ratio for Q1 2025 was 102.7%, with catastrophe losses contributing 13.9 points. For Q1 2024, the combined ratio was 88.8% and catastrophe losses contributed 2.3 points.

3. 03

   The company said pre-tax catastrophe losses, net of recoveries and reinstatement premiums, were $472 million in Q1 2025 ($85 million in the prior-year quarter). Reinsurance segment losses from the California wildfires were $442 million.

4. 04

   The company repurchased common shares for $200.0 million in Q1 2025, buying 574,000 shares at an average price of $348.43. In the same quarter, it declared and paid dividends of $2.00 per share, totaling $85 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.