The company’s property and casualty (P&C) division reported core revenue of $456 million in the quarter, an increase of $110 million year-over-year. The improvement was attributed to lower catastrophe losses, strong underwriting performance and higher net investment income. Excluding third-party captive insurance companies, total property and casualty insurance premiums increased by 2%, net premiums increased by 3%, and renewal premiums increased by 4%.
