Q2 core operating income of $4.20 exceeded the average analyst estimate of $3.63 and climbed from $3.62 in the year-ago quarter.
Net premiums earned of $9.56B, though, fell short of the consensus of $9.73B but rose from $8.8B in Q2 of last year.
P&C underwriting income was $1.4B in Q2, compared with $1.2B in Q2 a year ago.
P&C combined ratio of 84.0% in Q2 vs. 85.5% in Q2 2021.
Q2 tangible book value of $77.71 per share fell from $94.38 in Q2 2021, mainly due to after-tax net realized and unrealized losses of $4.91B in the company's investment portfolio resulting from the mark-to-market impact from rising interest rates in the fixed income portfolio.