Excluding main claims, the underlying mixed ratio was 82.1%, in comparison with 80.6% final 12 months. The attritional loss ratio was 48.3%, broadly in step with the earlier interval. Prior 12 months reserve releases contributed a 2.0% profit to the mixed ratio, together with enhancements in disaster occasions equivalent to Hurricanes Helene and Milton, although this was partly offset by reserve strengthening in aviation as a result of up to date Ukraine loss estimates. The expense ratio elevated to 35.8%, reflecting larger gross commissions and employees prices.
