{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.99 vs. cons $1.93",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "General Insurance accident-year combined ratio, adjusted",
      "prediction": "IN-LINE",
      "answer": "pred ~87.2% vs. cons 87.6%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "General Insurance net premiums written",
      "prediction": "BEAT",
      "answer": "pred ~$6.08B vs. cons $6.00B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "General Insurance net-premium-written growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~14% vs. cons 14% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "General Insurance expense ratio",
      "prediction": "BETTER",
      "answer": "guide ~29.2% vs. cons 29.4% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Operating EPS CAGR",
      "prediction": "UNCHANGED",
      "answer": "guide ~20%+ vs. cons 20% (2025\u20132027)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.1,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.3,
  "day5_path": "FADE",
  "day5_rationale": "A modest EPS beat of ~$1.99 vs. $1.93 and premium upside should support day 1, but unchanged ~14% vs. 14% FY2026 premium-growth expectations and softer property pricing limit out-period estimate revisions, causing part of the initial gain to fade.",
  "day5_confidence": "MEDIUM"
}