The reinsurer said the virus lacks the aggregation and systemic exposure characteristics associated with COVID-19 and other widespread respiratory outbreaks.
Underlying earnings improved even as equity‑sale gains faded, with strong international profitability and lower nat‑cat losses more than offsetting a softer Japan P&C result.
Premiums for medium-to-high risk homes dropped and quote success rates rose, but lowest-risk areas saw a 31% premium rise driven by broader market forces.
