Net income per diluted common share was $1.58, with non-GAAP operating income per diluted common share of $1.69. The GAAP combined ratio was 98.3%, compared to 96.1% in the first quarter of 2025, driven by higher catastrophe losses. Net premiums written (NPW) decreased 1% to $1.225 billion, reflecting competitive market conditions and disciplined underwriting. After-tax net investment income rose 18% year-over-year to $113 million. The company returned 57% of after-tax net income to shareholders through dividends and $30 million in share repurchases.