{
  "report_rows": [
    {
      "kpi": "Operating EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.40 vs. cons $2.343",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "SBD Incurred Loss Ratio (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~59.5% vs. cons 60.45%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "IM Net Cash Flows (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~-$3.5B vs. cons -$5.49B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY 2026 Operating EPS (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$9.50-9.55 vs. cons $9.44",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 IM Net Cash Flows (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide better than cons -$10.87B; normalization narrative",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 SBD Loss Ratio (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "reaffirm low-end language; no change to range",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 5.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH - H2 estimate revisions chase the implied out-period math upward; short covering sustains the bid",
  "day5_confidence": "MEDIUM"
}