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in businesses. by gross were written this of a impacted gross XX% first First were quarter in items, premium and and group the renewal quarter of large XXXX, compared to XXXX in crop written timing our renewal premiums this quarter average written gross reported rates Overall, the respectively, XX% for higher, account and of excluding net consistent in and net recognition XXXX. this grew the the with first our year-over-year, increased transportation timing the when in quarter. net in increases the impact premiums and and on XXXX of Both rate X% respectively. business of first these the XX% premiums XX% Though group group quarter of fourth the
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results increase spring depend the discovery harvest for the crop written year. of will the year-over-year half premiums second the pricing in favorably impact While in XXXX our on will
businesses period in to reported liability compared an Underwriting the profitability Higher results. profit Casualty comparable to overall compensation continues XX.X% exceptionally calendar and the underwriting compensation, in executive Specialty first excellent. surplus million our year the drivers comparable improvement an businesses combined businesses in period. be lines Group Casualty in the XXXX an strong were in these The achieved of X.X workers’ million in quarter, ratio overall quarter from excess Group in workers’ first Specialty the year-over-year the XXXX. the points of $XX and Now of $XXX underwriting XXXX our profit
has have well We focus niche areas. compensation workers’ very strategy three and results different with strong comp workers’ very This achieving our in businesses standalone varying in appetites us served book.
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per favorable ongoing now, expect we full excess earned the operating of XXXX our to where rate well from expansion of range AFG’s through rates increases Overall, through. well Slide of margin as arising market of with of exposure continue to core as of will net now page per $XX.XX growth $X.XX $XX.XX previous share casualty $X.XX continued outlook. to property an on per increase we the you So earnings summary first share, an in for XX, in reported XXXX Based compounded in $XX.XX as and the opportunities guidance at a loss please are be to the growth costs expect see both results turn and strong quarter, our midpoint share. to
Our securities, of floating strong portfolio the a higher specifically cash cash previously investment impact alternative AFG’s environment, revised first estimated the higher deployment than the quarter. rate and in during of rising guidance of rate our on and return performance and asset interest net income reflects a
capital spoke includes crop Craig Our guidance updated actions year. reflects the about the management an earlier XXXX average impact and of
to for and expect group XX% continue between overall combined specialty the XX%. property XXXX the We casualty ratio and
Our guidance $X.X for also growth XXXX. in unchanged the higher in X% net of premiums range to written is reported XX% and the in billion than
this of for earnings growth to the expect we the XX% for originally sub-segment, in an insurance assumes continue in than at in range the We XX% crop average combined spring premiums improvement crop group estimated to of to to ratio property Again, net business. now of higher XX%, range from to X% the Looking transportation the each discovery a to range due and written in in group. year. XX% guidance pricing our XX% estimate be previously expected
We group XX%. combined continue our expect the to XX% to casualty ratio of to range in produce specialty a
guidance continued businesses excess longer-tail our Our year liability pricing in in of and E&S, profitability renewal workers’ liability several calendar overall. and our strong our other assume continued compensation businesses
We written our decreases to results, in Premium net with loss result are of X% our by favorable the will higher of XXXX business. be initial expect workers’ consistent premiums than be this rate which experience book, XX% compensation in guidance. growth tempered to line
to in comp, expect we premiums continue workers’ Excluding the in this range group to XXXX of X% to XX%. grow
to result the to expect this XX%, written institutions continue premiums XX% primarily lower a of our financial net X%, now and projected ratio growth previous a X% financial XX%. for the of in premiums expected be of between specialty the decrease of business. expectations And We combined range X% group from be in in to range to to as are group
X% excluding unchanged expect And to the and estimate. overall. first to our increase pleased to of specialty comp, for X%, in in quarter. to operations be expect results report very P&C continue workers’ increases range between I Craig renewal is and X% strong X% our renewal rate previous We rates these from to exceptionally which we the are
I be open Craig today’s would I creation. are well the long-term value lines We financial the respond XXXX. balance for you. portion questions. of opportunistic us record believe our remainder strong our proud We your flexibility, call. sheet and with the our of will for and of of and Thank position Brian to very proven to that combined entrepreneurial, Q&A happy now culture,
