Glossary of Selected Terms — Q3 2026 Earnings Summary

The company utilizes a set of non-GAAP financial measures to evaluate performance, establish targets, and provide investors with a clearer view of underlying operational trends. These metrics exclude volatile items such as net investment gains or losses, reserve remeasurements, goodwill impairments, and other non-recurring events to better reflect ongoing business results. Key indicators include adjusted book value per share, core earnings, and various operating ratios like the underlying loss ratio and combined ratio for property and casualty segments. Additionally, the company tracks sales data and investment yields to assess business growth and productivity, noting that these calculations may differ from those used by other industry participants.