The buybacks were supported by higher underwriting income and improved operating results across the group’s insurance and reinsurance businesses. Net income available to common shareholders for the quarter reached $1.2 billion, or $3.35 per diluted share, compared with $925 million, or $2.42 per share, in the same period a year earlier. After-tax operating income available to common shareholders totalled $1.1 billion, or $2.98 per diluted share, up from $866 million, or $2.26 per share.
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