SHARPE
Reported results
- GAAP net income attributable to common shareholders was $81.5 million, or $0.81 per diluted share.
- Non-GAAP operating income attributable to common shareholders was $179.9 million, or $1.78 per diluted share.
- Gross premiums written were $819.7 million, representing a 17.3% increase compared to the third quarter of 2025.
- Net premiums earned were $591.3 million, representing a 13.1% increase compared to the third quarter of 2025.
- Combined ratio was 97.3%.
- Non-GAAP underwriting income was $15.5 million.
Notes
Comparative information for prior periods presented has been updated to conform to current methodology and presentation.
Price and volatility reaction
The stock moved +1.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -1.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 34.43 | 2026-10-29 |
| Close after release | 35.06 | 2026-10-30 |
| Realised move | +1.8% | close to close |
| 30d ATM IV change | -1.1 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.