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Second quarter underwriting income in ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s General Insurance segment increased 46% compared with last year, to $626 million.

The unit—North America commercial, International commercial, and global personal—recorded $170 million in catastrophe-related charges in Q2 2025, compared with $330 million for Q1 2024. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ said results this year included $112 million of favorable prior year development. Favorable PYD was $20 million for Q2 2024.

Net written premiums were down 1% to about $6.9 billion, but ÌìÃÀÍøÕ¾´«Ã½´«Ã½ said NPW increased 1% on a comparable basis—or “constant dollar” basis adjusted for the sale of ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s travel business in 2024.

The combined ratio for General Insurance was 89.3 compared with 92.5 a year ago during the same period. CEO Peter Zaffino in a statement said the NPW growth was driven by 4% growth in North America commercial, where underwriting income jumped 58% to $301 million.

Underwriting income for International commercial was up 30% to $300 million in Q2.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s global personal lines business recorded Q2 underwriting income of $25 million versus income of $9 million a year ago. The combined ratio for personal lines was 98.5, improving slightly from 99.4.

Last month, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ said it hired former Lloyd’s CEO John Neal to lead General Insurance, effective Dec. 1.

Overall, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ record Q2 net income of $1.1 billion compared with a net loss of $4 billion the prior year as a result of the formal split of its life and retirement business Corebridge Financial.

Topics Profit Loss Underwriting ÌìÃÀÍøÕ¾´«Ã½´«Ã½