Q2 FY2026 EarningsQ2 FY26 results beat consensus across key profitability metrics: Diluted EPS of $1.25 vs. $1.19 expected, and Revenue of $317.3M vs. $315.8M expected. Net investment income grew 11% YoY to $73.2M, offsetting flat premium revenue caused by higher ceded premiums. Favorable prior-year reserve development of $37M significantly bolstered the bottom line, despite a higher YoY loss ratio of 14% vs. 10%. Management signaled continued confidence in capital returns, increasing the quarterly dividend to $0.24 per share.