Strategic Report

The report describes a challenging 2025 shaped by California wildfire losses, while gross premiums written grew to $1,243.0 million. The company began rebalancing its portfolio and strengthening retrocession protection to manage exposure and volatility. Sustainability highlights include sponsoring the planting of over 130 native and endemic plants in Bermuda. The report also discloses 647.3 tCO2e in gross location-based operational emissions and shows the same amount applied as a carbon offset.