Thank Quarter a We joining Good total Thank for us. XX%. you shareholder Matt. operating return XX% near outstanding Third Everest's and delivered on of return morning, an you, equity annualized excellent. was returns, everyone. performance including
We quality are hard leaning favorable market, persist. flight a into conditions and where the to reinsurance
taking reinsurance our portfolio lead a risk-adjusted at we strong advantage our are and deepening preferred pricing improved while As client of expanding partner, and returns. relationships market global significantly
for We renewals. January are success positioned as we the head into
for deployment of full raised January the the May. We XXXX also for on remain capital in track equity
$XX reinforces increases in industry estimated at need quarter, pricing billion. This for on billion material underwriting these year. continues with for support loss results achieved across underwriting catastrophe a loss course the for our all industry delivered and income business year-over-year And with high-quality insurance primary over We additional X-month Our performance tracked active another year-to-date resulting $XXX outstanding our another quarter. The to significant the portfolio XX quarter. continued discipline improvement strong events a this despite this in is underwriting globally investment returns.
We roughly third lines.
As it's Everest increasingly value the demand. becomes proposition, world complex, in greater
say across earnings we top-tier on balance me you it tailwinds sheet before, are of with our heard powering talent strong offense As all. global have streams, a and strong all
With to quarter group financial the level. beginning turn highlights, at that, our third I'll
delivering group returns, financial increases cash record metrics, addition we drove income, income across delivered operating investment value substantial we In income, income and improvements net exceptional and flow share. per to key book our underwriting operating and in net
$XXX in generated at a year-over-year increased have billion reinsurance $X.X business increase, by of We the significantly profit quarterly year-over-year written year-to-date. dollars, $X XX% in growth. grew We Gross million by generated profit which constant record the of net translates over margins. ratio quarter and in an for operating and improved premiums group led also by we income, year-over-year expanded nearly The XX.X% to underwriting points, million combined XX $XXX year-to-date. billion underwriting significant
we delivered both in than income Our billion XX% third by income quarter respectively. net investment over combined to and net year-over-year $X more investment in X and year-to-date. point than We generated attritional loss XX.X%, $XXX more ratios and million the of improved
to and the income addition our fixed alternative driven In both from year-over-year improvement our environment, by strong rate was returns improved investments. interest this
the reinstatements, is division. for business $X.X at constant lines and all quarter. risk-adjusted the billion record the to team. nimble results by strategy basis a significant We and targeted our strength reinsurance Turning exceptional division outstanding and Leading of reinsurance line and to top the This with gross in deployment market, with geographies growth materially across our grew for returns. dollar improved a excluding written bottom execution The core into maintained superb we now business. delivered premiums resulting an virtually on our clients, and quarter capital new by of XX%
up In cycle where XX%. casualty Casualty market at while Property year. premiums premiums, best-in-class clients. were XX% pro-rata were last excluding and reinstatements, well target property pro-rata the premiums carefully from increased market manage remains catastrophe, as the outstanding, up XX% we
in Latin America. and growth expanded target markets across key Europe, we Internationally, Asia
strong This manage respectively, We loss down underwriting catastrophe also grew including of ratio achieve marine we margins, reflecting quarter, active year-over-year, an and and significantly Despite were in consistent almost deliberate the the points, aviation, improving combined and to mortgage. ratios X improved combined specialty actions with The lines with catastrophe million. profit year-over-year $XXX XX%. our X.X by helped ratio overall attritional and loss us our to volatility.
X, We stand pricing robust we to a Looking for January the ahead, our remains strong. the to favorable as conditions continue. market, benefit. lead and XXXX renewal outlook fully expect And
which nimble, orderly. and us relationship renewals approach should This will for property well market simultaneously strengthen allows our economics relationships. and understood, are collaborative in global more and terms future conditions Our client equity to improve well. and us make now creative pricing serve the tremendous Expectations
events, our of At Carlo and clients to more broaden partnership capacity want that their want us. with us recent they industry told further CIAB, including and Monte our
durability in high. have am is for confidence opportunity by and I the strategy in Our excited our created the the magnitude we of the strength and the business. of market
market expertise, the generational seize the to long portfolio We are extremely this for financial capabilities term. well the and positioned global opportunity optimize and with to strength
loss compensation In division. exceed achieved excluding continues workers' and to Insurance our increase across We core portfolio, our XX% our primary to in lines. business, with improvements trend lines. rate an turning financial Now multiple
in lines specialty less than Growth in improved across and particularly as we political generated by lines property, trade such and other $X The in financial was X% to was marine was the aviation, billion property, strong and compensation in specialty particularly the quarter diversified where grew and credit premiums. market the see offset addition In written We and lines. marine, opportunities where strong is approximately excellent attractive. and risk. workers' gross growth reductions pricing more business
we methodically where platform. are internationally, scaling our traction our and gaining are we capabilities Additionally,
growth. Our focus bottom remains on driving line
opportunities to of high-margin pockets of underwriting our continue and advantage profitability We in exposure that reduce disciplined objectives. business not meet do our take
ratio The loss year-over-year attritional improved to XX%.
were of improvement ratio of and net in $XX profit XX.X%. at a record recoveries underwriting modest, of quarter losses million profit year-to-date. catastrophe million to combined premiums an an reinstatement estimated and million, the in We reported the $XXX achieved to pretax $XX leading Our
our We momentum to position continue the for and I We and to am in have commitment vision attract customer develop bullish the created best-in-class share market. talent. our service. Everest's our and the about company for business we world-class
build and for our our We at and back progress greater shareholders. market have at platforms our tailwinds accelerate our even disposal, value a every team, advantage reinsurance diversified and strong insurance and world-class to
it With review turn to to in over financials that, Mark the I'll more detail.
