The Hartford reported first quarter 2025 net income available to common stockholders of $625 million ($2.15 per diluted share), down 16% from $748 million ($2.47 per diluted share) in the same period of 2024. Core earnings were $639 million ($2.20 per diluted share), a decrease of 10% from $709 million ($2.34 per diluted share) a year earlier. The trailing 12-month net income return on equity (ROE) was 18.8%, and the core earnings ROE was 16.2%. Property & Casualty (P&C) written premiums rose 9%, driven by 10% growth in Business Insurance and 8% growth in Personal Insurance. Business Insurance posted a combined ratio of 94.4 and an underlying combined ratio of 88.4, similar to the previous year. Personal Insurance showed a combined ratio of 106.1 and an improved underlying combined ratio of 89.7, a 6.4-point improvement over 2024. Employee Benefits delivered a net income margin of 7.4% and a core earnings margin of 7.6%, up from 6.1% last year. Catastrophe losses totaled $467 million before tax, including $325 million from the January 2025 California Wildfire Event, net of reinsurance. The Hartford returned $550 million to stockholders through $400 million of share repurchases and $150 million in dividends.