It's another blow for the insurance giant - and signs of a bigger issue across the US insurance sector
More capacity and lower loss activity resulting in significant rate cuts for well-managed risks
The results spotlight continued inflationary pressure on insurers
The revamped scheme will return an estimated US$825M to insureds
CEO says results reflect "strong underwriting and investment performance"
The results contrast with those of other insurers
Company will also be extending its Prime One program to Australia this month
Other business segments also contributed to growth
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