SHARPE
Reported results
- Net income of $1.917 billion (GAAP), up $29 million from Q3 2025; core income of $1.947 billion (non-GAAP), up $80 million from Q3 2025.
- Q3 2026 return on equity of 24.7% (GAAP) and core return on equity of 22.1% (non-GAAP).
- Net written premiums of $11.480 billion, flat versus Q3 2025; excluding Canadian operations divested in Q1 2026, net written premiums grew 2%.
- Record net investment income of $1.098 billion pre-tax ($908 million after-tax), up 6% from Q3 2025.
- Net favorable prior year reserve development of $234 million pre-tax across all three segments; catastrophe losses net of reinsurance of $538 million pre-tax.
- Returned $1.769 billion total capital to shareholders, including $1.508 billion in share repurchases at average price of $376.00 per share.
Notes
The company divested its Canadian operations in Q1 2026; Q3 2025 net written premiums included $240 million from Canadian operations. Year-to-date 2025 net written premiums included $736 million from Canadian operations. Nine-month 2026 net income was $5.836 billion (GAAP) and core income was $5.803 billion (non-GAAP).
Price and volatility reaction
The stock moved +1.5% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 383.89 | 2026-10-15 |
| Close after release | 389.54 | 2026-10-16 |
| Realised move | +1.5% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-16 (8-K, Item 2.02). Read the original filing on sec.gov.