The book yield on fixed maturities was 4.6% as of June 30, 2025, compared with 4.4% a year earlier, while the market yield stood at 5.0%. The effective tax rate for the quarter was 20.1%, reflecting taxable income across the company’s Bermuda, UK, US, and European operations, with Bermuda’s 15% corporate income tax rate applying as of January 1, 2025.