Annualised core ROE was 24.2% in Q1 2026, compared with 18.1% for full-year 2025.
AI liability cover is a new product opportunity for insurers, but customers want to be covered for a wide range of risks.
The funds will be used to expand its platform and add AI-based workflows for commercial, personal lines and specialty insurance.
The US insurer said the investment is part of a wider strategy to reduce wildfire risk, strengthen community resilience and support long-term insurance availability.
