Company anticipates an increase in claims due to catastrophic events in the next quarter.
Net income reached $1.3 billion in 2023, and direct written premiums surpassed $22 billion.
Levies $260,000 in sanctions in case reported by the Équité Association.
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United Kingdom segment divestment to free up £60-million of capital over time.
Pension buy-in fully insures the company’s United Kingdom defined benefit pension liabilities.
For all of 2022, net income was $2.4 billion and direct premiums written passed the $21 billion mark.