Fourth zone Consolidated

internet and running profits of $988 million after-tax and $981 million after-tax, respectively, improved $684 million and $703 million, frequently due to lower catastrophe losses.

Underwriting effects for fourth zone:

•The GAAP mixed ratio improved 17.7 factors to 87.7% due to decrease disaster losses (17.eight factors) and higher internet favorable previous yr reserve improvement (0.four points), partially offset by way of decrease underlying underwriting margins (0.5 factors).

•net favorable previous 12 months reserve improvement came about in all segments. disaster losses by and large resulted from wind and hail storms within the Midwestern u.s. and hurricane Xaver within the united kingdom.

•The underlying GAAP combined ratio elevated zero.5 factors to ninety one.2% as enterprise coverage stepped forward whilst personal insurance and monetary, professional & international insurance were negatively impacted via higher stages of non-disaster weather-associated losses and non-weather related property losses.

internet investment income of $562 million after-tax ($702 million pre-tax) elevated modestly broadly speaking due to better personal equity and real estate partnership returns in the non-fixed profits portfolio, partially offset with the aid of lower reinvestment fees inside the fixed earnings portfolio.

net written charges of $five.633 billion expanded 5% ordinarily because of the inclusion of Dominion within monetary, expert & international insurance, in addition to better net written premiums in commercial enterprise coverage. these increases have been partly offset by means of decrease net written charges in personal coverage.