rates million Thank commercial which middle grew premium business, with business first exceeding commercial compared business, in market change and prior you, rent in small Renewal to X% and our up in year. Net was Kevin. loss includes XX% trends. core XX.X%, premium construction, quarter $XXX core to the our
increased portfolio general auto exposures adequacy improve, continues ongoing across notching continued inflationary premium emphasis achievement continued battle industry to focused Commercial ] X.X%. liability rate XX.X% at on [ to price pressures. remain the Commercial to umbrella rate an with and diligently above XX%. increasing property with XX% the change exceed We as and on
the with expectations our with remain pleased being added of quality consistent was production the business quarter, we accounts New portfolio. to this and
also partners provider. construction, and account delivering our focus as are better we additional increased on submission align distribution encouraged with an market of We and solution becoming middle in capabilities activity by in support
we platform accelerate new refine out and expectations in our business, we product remained states, continue XX%, and new helping additional coding In bot XX Retention consistent profile. at as rolled business small portfolio our within to production.
a Our yet from benefit benefiting continued that few growth of to favorable market in conditions. from growth portfolio alternative resulting contracts expire, distribution new addition showed and quarter, strong have XXXX accounts, the multifaceted from the organic several from accounts
remains repositioning excess premiums this our declined our of year as opportunities pleased stated consistent a line's reflect expectations that continue portfolio million are approximately portfolio, with sustainable, we business affords. of we outlook Our the business surplus for Specialty from to will $X and this mix produce portfolio of and continued profitability. within XX% the written UFG more net prior
discipline continue Surety we as declined reinforce of net underwriting written in approach historic premium take first and to our portfolio the to management slightly to territory to quarter return our growth, to profitability. levels measured taking steps the a
The first in increases underwriting in results just rate a improvement XXXX, our steady and starting combination rate achievement Most actions, fully ratio and to improved notably, of produced significant improvement quarter as XX.X% reflect the X quarter commercial from portfolio core manifest points loss of as the exposure of property first improving are results. underlying from frequency. over lines
show reunderwriting our ratios the loss prior to in some reflect that throughout of mix are elevated frequency and our Other decreased now recent XXXX and XXXX. portfolio is trends. as severity continue to surety first quarter Additionally, rate relative improvement they automobile opinion while as liability shows covering evolved changes
XXXX quarter. overall in across required additional reserve of half that neutral favorable lines through period portfolio, additional Loss no latter strengthening quarter. emergence throughout of XXXX revealed the Prior this and flat the the most was to first pressure was development
our and strengthen position further allowed lines. activity our However, uncertainty not reserve any given other favorable see though development line the further in loss we in to liability secure property, trends This in notable workers' compensation us these position surrounding surety reserves. the to did weaken adverse will cost
call Officer, Eric Chief financial Financial to turn our our Martin, will discuss the over I rest the to of results. now
