The company said net income available to common stockholders for Q2 2024 was $733 million ($2.44 per diluted share), up 35% from $542 million in the same period of 2023. Core earnings were $750 million ($2.50 per diluted share), up 28%.

1. 01

   The company said net income available to common stockholders for Q2 2024 was $733 million ($2.44 per diluted share), up 35% from $542 million in the same period of 2023. Core earnings were $750 million ($2.50 per diluted share), up 28%.

2. 02

   The company reported a Commercial Lines combined ratio of 89.8 for Q2 (91.2 a year earlier) and an underlying combined ratio of 87.4 (88.3 a year earlier). Written premiums were $3,540 million, up 11%.

3. 03

   The company said the Personal Lines combined ratio for Q2 was 107.4, improved from 114.9 a year earlier. It also reported a Group Benefits loss ratio of 68.9% (72.1% a year earlier) and a core earnings margin of 10.0% (7.6% a year earlier).

4. 04

   The company said its board approved a new share repurchase program of $3.3 billion, effective from August 1, 2024 through the end of 2026.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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.