Net Income of $221 Million, Return on Equity of 19.2%
Third quarter highlights included:
- The combined ratio was 93.9%.
- Investment income increased 9.3%.
- Realized pre-tax gains of $176 million, including $135 million from the sale of Aero Precision Industries.
- Total capital returned to shareholders of $139 million, including $62 million of share repurchases and $77 million of special and ordinary dividends.
- Book value per share grew 8.5% for the first nine months of 2016.