results Good second yesterday morning. We quarter XXXX our afternoon. released
property for of and of AFG share, X strong $X.XX an specialty in overview. and earnings profitability core If you'd reported casualty and please segments. turn Slide results our annuity operating the reflecting both per operating investment webcast to slides
$X.XX on fixed securities share XX%. after-tax for non-core earnings items, included and XXXX quarter the gains related annualized impact annuity share accounting net impact for $X.XX annuities including were and rates. per index was other and in per negative items the per operating value equity and interest on share market changes of realized core and stock of Net fair Second return to $X.XX a
God, to to thank employees $X.XX narrowed operating AFG’s these on and results per results. share. I team, we the net per our XXXX share months $X.XX year, range of and from great talented $X.XX of guidance for our of our management earnings $X.XX to a previous achieve Craig through for first six helping the core to Based range
and later per our are of $X.XX the guidance business in I our maintaining We however. in our more share for midpoint call. detail segment Craig will each discuss of
and webcast, to results. an like our quarter to operations. include and Please five turn four which our casualty slides turn second to of I’d focus the of overview Now, property
you see premiums on were Slide As insurance crop when gross the premiums. written lower will XXXX, premiums X% result the written to X, up second of primarily net were of quarter flat, compared
is expected resulted Specialty and quarter It our delayed included in that and late though overall reduced crops reporting spring second of Casualty be quarter planting Delayed results. these Property will in premiums premiums. XXXX acreage third
quarter. second grew X%, to premiums written and respectively, crop, gross Excluding when XXXX X% and XXXX by the quarter compared second net
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and Property lower underwriting more Financial was profit and our Higher and Transportation in underwriting than profit Specialty Specialty by our Group Groups. Casualty offset
year and ratio XXXX The included development, reserve prior X.X period from and points catastrophe favorable year increased prior losses. X.X combined the in points of XX% of quarter X.X second points
renewal up was about across for X% Casualty the our quarter. Group and Average pricing Property entire
up of business, Both the pricing this rate year. workers comp first renewal our renewal was achieved these quarter approximately continued measures Excluding of increases in X%. improvement reflect from a
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to period like of and underwriting reserve $XX second to Property Transportation lower million from an larger underwriting year businesses, Slide the and agricultural few prior period. prior on each turn year and profit compared million the X highlights to reported of to include $X development of review Group and our comparable Specialty I’d Groups. a favorable in Now, our year-over-year Casualty a Property in branch. transportation results XXXX, our loss our Singapore in These quarter
the period. in quarter, XXXX XX second comparable this million losses were in million Catastrophe and the group in X
gross insureds results. late were flat, as included Second in this down prior planting again were the of quarter will acreage crops. period, primarily compared a expected premiums result the third these that of and net due in soybean premiums It's delayed be to from and XXXX quarter reporting of excess corn delayed moisture written XXXX X%, year group written to premiums when and
this business the and group XXXX transportation XX% to growth businesses. new up opportunities in written our and quarter. when primarily attributable respectively, second was is crop XXXX growth insurance, XX%, The was compared strong gross Excluding in premium and net to
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result, play will the out. As It’s prevented to record claims. a processing we’re early know number crop a too year planting of still how
indicate impact percentage of and year In prevented of USDA that XX our to in XX week's include addition remainder crop growing soybean prices. last or of the to the influence points corn that insurance good to lower other time. crops is the key season results This than reports will considerations the and conditions condition excellent be estimated planning, throughout ultimate at this commodity points
mind They’ll probably into already yields just the X%. to commodity down performing be factored and Corn China were futures strong. up the soybeans discovery concerns today with and currently being pricing commodity are prices spring are trading exceptionally price keep are from about X% the in fine. XXXX seem Trade
business rainfall our the On a our note, average share, positive higher levels to countrywide. to should wheat than better winter in perform more of due and index precipitation
picture crop report have insurance we business with results. a third complete regard when will more to quarter our our We
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Atlas Vanliner, dollars and wheels by with premiums of the of Paratransit business expect billion the base Business, Interstate, this a National We consisting written reach Great Trucking this will and year. businesses our American produced addition gross
second to Group, our XXXX continues compensation in in the year-over-year period. businesses in the compared our business quarter, the offset Specialty partially businesses. workers profitability $XX by profit lower of and our workers profitability comparable Casualty be On sector to surplus strong. comp and underwriting $XX profitability Higher an lines reported million million was XXXX in public very in excess Underwriting
of liability, from quarters quarter to were for Services, quarter which Catastrophe drivers increased the of the losses primary and XXXX. second and and in the and as group the Gross written in were when compared surplus premiums. of premiums for The $X this excess second well net in Insurance lines, of quarter XXXX as addition XXXX social ABA businesses both million services XXXX. second of acquired the our we the both XXXX, premiums higher growth of X%, fourth executive
offset comp for growth. Currency due Lower during premiums this the this Neon, in second X%, was pricing within Renewal group our workers to Foreign translation, up and primarily quarter. partially businesses
up comp an group quarter gain businesses, first in the Excluding this rate we’ve seen achieved increases in and renewal were the measures of Both rates renewal year, X%. our rate from highest workers in approximately years. decreases improvement in this five
health and the Group. to Great pleased rate Neon increases newly excess I’m and institutions. in which American’s surplus coverages coverages lines, strong build and for to health Specialty divisions, our lead and for the momentum our [Jim existing Jim his Specialty becomes Business like new services pricing umbrella, to to welcome see and and will D&O businesses. I Insurance social accident Casualty to a educational Property Great Slade] and on focusing upon XXth opportunity of today American liability, organizations Casualty array formed Group. our double-digit accident public Jim edition team will customized would and take insurance
quarters Specialty Higher more XXXX. in was XXXX, in were the by Group losses $X for in and underwriting of underwriting group offset equipment profit profitability million quarter lower quarter businesses financial of million this profitability second to of an Financial our in of than the compared surety and both million second institutions the $XX Catastrophe in underwriting reported business. XXXX XXXX. second our leasing $XX
our XXXX for as compared to gross of a X% X% approximately primarily respectively, were premiums the premiums when Renewal up in quarter result XXXX this in institutions quarter. financial pricing group business. down Second lower written X%, same and the period, was
Casualty if view outlook for and Property for X turn Operations. to the XXXX our Slide Specialty Now, of you'd summary a
in flat net between previously. increase Although X% the for Specialty estimates range we We’ve from ratio up within we of to the XX% now, written have combined ratios to an growth the premiums expect overall and XX%, our our our overall of adjusted of each be Casualty also Groups. continue combined estimate and Property range to an to X% adjusted X% in estimated for
estimate to XX% range segment, XX% the we Transportation ratio in Group, Looking at the XX% XX% than higher a of point previously combined our now in and a estimated. of to Property range each
group growth the premiums and in below X%, average while to be record crop the adjustment year. to results project expectations a X% number of X% between noted increase year. for We net now preventing X%. of I account expect in this As our earlier, this This and into early it’s our previous a takes planting range crop an written to too claims for from
be between majority of the X% group businesses opportunities to X% previous Our an premiums XX% XX%, to the a estimate previous combined from Specialty expected we a improvement and net XX%, to now XX% now and growth our down reflecting from X%, this produce in momentum and X%, ratio in up of this slight in of growth for range in the written Casualty Group range is to pricing to of improvement expect strong group.
half first now be X%. in on the we the to of XXXX, to the are from And combined XX% estimate results previous X% of now XX% the range to expected the from X% the Group XX%, range Financial be to And expect net a initial written slight Specialty premiums to of decrease of a improvement flat ratio to for our based of growth year-over-year, expectations down XX%.
Our X% be up the guidance an with to income our changed XXXX from regard results has with year-over-year. to estimate to up improvement investment to of in X% flat X%, previous net expected
X% the broad-based overall up from D&C property and businesses, the X% now of pricing previous X%. specialty this renewal range across be improvements Given to expect renewal to pricing we X% our noted an of many in pricing year, improvement to renewal casualty
Excluding increases we in to rate of renewal workers X% X%. comp, range to be the expect
now, discussion performance. the review to the Segment our results And Craig AFG's and turn to Annuity over investment I'll in