v3.26.3
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Net earned premiums $ 2,827.9 $ 2,627.2 $ 8,377.2 $ 7,777.2
Fees and other income 579.7 484.4 1,634.1 1,351.0
Net investment income 147.2 133.5 449.2 387.0
Net realized losses on investments (including $0.3, $0.7, $3.5 and $3.7 of impairment-related losses for the three and nine months ended September 30, 2026 and 2025, respectively) and fair value changes to equity securities (25.3) (13.6) (56.7) (51.3)
Total revenues 3,529.5 3,231.5 10,403.8 9,463.9
Benefits, losses and expenses        
Policyholder benefits 782.4 709.6 2,299.8 2,210.8
Underwriting, selling, general and administrative expenses 2,368.4 2,161.5 6,956.1 6,366.5
Interest expense 28.3 27.9 85.0 81.4
Loss on extinguishment of debt 0.0 (1.3) 0.0 (1.3)
Total benefits, losses and expenses 3,179.1 2,900.3 9,340.9 8,660.0
Income before income tax expense 350.4 331.2 1,062.9 803.9
Income tax expense 75.2 65.6 215.0 156.4
Net income $ 275.2 $ 265.6 $ 847.9 $ 647.5
Earnings Per Common Share        
Basic (in dollars per share) $ 5.54 $ 5.22 $ 16.99 $ 12.67
Diluted (in dollars per share) $ 5.49 $ 5.17 $ 16.82 $ 12.55
Share Data        
Weighted average common shares outstanding used in basic per common share calculations (in shares) 49,283,903 50,395,469 49,500,842 50,621,953
Plus: Dilutive securities (in shares) 432,677 488,827 495,270 525,846
Weighted average common shares outstanding used in diluted per common share calculations (in shares) 49,716,580 50,884,296 49,996,112 51,147,799