For the full year, the company posted operating net income of $205 million , or $1.92 per diluted common share , translating to an operating ROAE of 8.5% . Decleir said full-year results included actions taken in the first half of 2025 to address uncertainty connected to the Russia-Ukraine aviation litigation, including the impact of an English High Court judgment. Burrows said the company would have been “well ahead” of through-the-cycle combined ratio targets in 2025 and since the IPO if not for the impac ...