For Q2, adjusted after-tax income rose to $1 billion, or $1.81 per diluted share, up 56% year-on-year. General insurance led the earnings improvement, delivering $626 million in underwriting income, a 46% jump from Q2 2024. The segment’s combined ratio improved to 89.3%, with the accident year combined ratio, excluding catastrophes, at 88.4%, reflecting improved pricing discipline and portfolio mix.