Core Insights - American Overseas Group Limited reported a consolidated net income of $2.5 million, or $53.51 per diluted share, for the three months ended June 30, 2025, an increase from $2.3 million, or $49.81 per diluted share, for the same period in 2024 [1] - The book value per weighted share increased to $1,139.67 as of June 30, 2025, up from $873.62 a year earlier [1] Financial Performance - Net earned property and casualty premiums rose by $0.1 million from $12.7 million in the previous year to $12.8 million [2] - Fee income increased by $0.3 million from $5.1 million to $5.4 million, while gross written premiums increased by $25.7 million, from $235.2 million to $260.9 million [2] - Loss and loss adjustment expenses as a percentage of earned premium decreased from 61.8% to 58.3% [2] - Operating expenses increased by $0.2 million from $3.1 million to $3.3 million [3] Capital Management - The company plans to continue redirecting excess capital towards debt reduction, reducing outstanding principal balances in its Senior Secured Notes by a total of $3.7 million, bringing total outstanding debt down from $20.8 million to $17.1 million [4] - The company anticipates further leverage reduction unless other compelling opportunities arise [4] Balance Sheet Highlights - Total assets increased to $1,260.5 million as of June 30, 2025, compared to $1,141.2 million at the end of 2024 [7] - Total liabilities rose to $1,207.0 million from $1,095.4 million [7] - Shareholders' equity increased to $53.5 million from $45.9 million [7] Revenue Breakdown - Total revenues for the three months ended June 30, 2025, were $18.7 million, compared to $18.1 million for the same period in 2024 [9] - Net premiums earned were $12.8 million, while fee income was $5.4 million [9] - Net investment income increased to $472,000 from $270,000 year-over-year [9]