net income of $3.673 billion after-tax extended $1.two
hundred billion or 49%, in general because of higher working profits. working
profits of $3.567 billion elevated $1.126 billion, commonly reflecting stepped
forward underwriting consequences pushed by lower catastrophe losses, a better
underlying underwriting gain, a $sixty three million gain due to the resolution
of prior yr tax matters and a $fifty nine million after-tax ($ninety one
million pre-tax) advantage from the agreement of a prison intending. these
improvements have been partially offset via lower internet funding income and
decrease internet favorable earlier year reserve development.
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