one cat and of 'XX losses quarter from able of XXXX, half last first unprecedented our pleased losses to Uri achieved momentum of to to COVID-XX. Obviously, XX%, in A Jeremy morning attributable combined includes you, strong adverse in of first to storm as quarter point good compared operations development from to the we're ratio COVID-XX winter continued the four year. to and of Thank be on we and everyone. related which of of the XXXX the a the points report solid start impacts a results
You the year combined with and but the a the year golf lines, loss full certainly tournament on rate combined right know in first would XXXX for positioned increases we resulting there's the last to achieve well we of storms, achieve old striking meaningful feel absolutely the our you you Despite to still previously in in ability that side their like I we've can first our across Sure, of to our lose slightly we're discussed year. to can't reinsurance I love underwriting on but almost tailwinds, are play goals win higher XX% have tournament due win insurance the remain call the Many saying with day ratio profitability it. in unprecedented an and attritional winter believe product the ratios. the stated all reductions in distance. start starting quarter
overall engaging volatility. new market aimed continue areas profitability portfolio to find full improving in advantage current management while environment, add We the also and and program take business at continuous to of reducing opportunities and
which Now linked operations. insurance our operations state services include discuss insurance our and national program will underwriting I operations, operations, securities
XXX So compared liability, Virtually be with the products. our business several personal product increases rate liability, lines, all product XXXX. million our written premiums let's the growth million was segment, quarter premiums along to preferred continued XX% general or get driven most for offerings. new in up growth, energy across started our of impact and $XXX the XX% with earned by insurance and Premium were in up to insurance were notably strong and were our from growth gross segment professional marine continues lines
Besides We versus and with to the of much segment XX opportunities. XXX% market for look lines, to XXXX. lines continue primarily rate across product XX ratio. previously smaller several in points current these of of from by take This advantage 'XX combined we related quarter the three The favorable XX% was three was point related compared to to operations, storm in ratio first our period and million to same I the the from Uri impact first in attritional events of increases COVID-XX losses see or loss recognize driven by rating we premium also decrease environments compensation the exception COVID-XX the losses reported of continue a our COVID ratio primarily of within combined of versus or reduction several insurance was product quarter of year impact last cat XXXX ongoing points workers We for to our $XXX the driven the million The last decrease year. in winter losses losses cat year. XXXX losses mentioned. XX within point in accident the impact
the two from due a reduction our ratio, efforts efficiency and higher to earned addition, expense control. premiums, in of point impact we In benefited expense
million written attractive was Turning last and new to premiums we were driven and general see lines, up X% earned due to where the business liability were in segment, million gross or by or year. the liability significant reinsurance XX treaties up growth opportunities. XX professional to Premium premiums compared our new XX% quarter for
property growth and offset in the premiums said liability contracts on the past, were partially good we writings. we've in line. lower can thought significant general contracts to we opportunities by three really The quarter. impacts our that our have This individual that in liability premium saw As in professional was first related product new
we reinsurance underwriting Nephila most of first our as executed during managed risk to strategy part planned match operations operations ILS ongoing capital. reminder, the our property to of be a on the year, quarter reinsurance As this our transition from a lines our of by to appropriate
continue XX throughout Uri ratio segment. where adverse for XXXX related of to and primarily year. our combined recognized results cap the impact transition the we segment ratio to losses, COVID-XX. year compared by COVID-XX. the losses from seven points ratio of impacts up losses the XX points and related related the was COVID-XX combined or combined XX of will We the first XXXX of the XXXX Storm treaty from to or The prior XX million million within or Winter see reinsurance million was driven The points remainder included to for was reinsurance XX XXX% development to quarter last reinsurance of accident The year XXX%
earned and ratio the premiums. ratio decrease was accident by a product addition, higher property In lower XXXX combined our current favorably of the due lines Attritional in year. loss impacted our to ratio impact from within primarily expense a
segment they profitable liability accident in quarter to a product and where we general this to reinsurance be, the period growth results current professional both ratio compared saw our expense our While in our trends more ago. same ratio lines attritional year need year liability a are achieved significant and favorable not loss and still
deficient. written to redundant ratio combined in years are philosophy, accident XXXX combined The reserves to previous Markel's likely XXXX lower. level the a price application result target is reported current to reserving ratio pricing are of more earnings at between and business year on business that We consistent or all difference the which XX% working are set and a of hard is than that
unfavorable part program by our margin impacted which Premium revenues adjustment overall are ILS programs our of to of a cancellation volume program of related $XXX favorably premium expansion existing of other million the also in versus program. by of increase enforced operating written Premium million on operations, million our to addition and quarter. increased state both the a Gross operation and in due one-time ago. touch services I'll particular the our XXXX for as first were of services operations. national impacted quarter was under premiums growth programs. and management reported in new the Next of $XXX to The year XX the XX%
As services our reminder, within a all premium is gross written program the seeded. of almost operations
in to a market. program continue opportunities current We of see services the strong pipeline
Next, I'll discuss our ILS operations.
Our ILS operations expenses the plus of large consist results five. related startup of Nephila to
management management lower For the fees ILS related assets to the our decreased due ago. quarter having lower operating investment under revenues versus period same a year within to operations
cost of launch XXXX. by vehicles. and investment opportunities. capital platforms, Assets additional were of of fund areas building growth billion well to the supporting at for and with also impacted Nephila be two build as new Earnings as under identify management associated launch to March MGA to preparing continued as deploy XX, X.X opportunity Nephila Nephila's investment continues of and the new
make like solid change approximately of Finally, we market to those nature by presented. and all commentary. moving in operating I'd to made and for has we other CATco recognize point results and similar were to quarterly the Trends with trends in very operations I'll to ILS if our the out call. out operations We finish XXX continues CATco disclosures to in currently into runoff progress its the this the our some quarter periods discussed expenses quarter closed first rate first a down This that the -- comp, the lines. on digits of million AUM. which up wind last renewals. I being pricing, versus our still double-digit The workers as continued as in growth previously glaring in the some see not and double continued guess insurance strong pricing exception rates lagged we've achieved market. our reinsurance. during in pricing discussed reinsurance and insurance the Reinsurance over dynamic X obviously roughly increases primary flat in all January But quarter. during it's the average more momentum explains primary as in continuing is gap almost insurance the quarter has averaged first revenues
we've rate COVID-XX the multitude to that moderation interest this pricing of social As entrants the We uncertainties market certainly discussed, throughout seems momentum there low continue believe raises economic elevated that impacted activity, impacts factors capital further incremental rates, to are as the due new XXXX. around continued persist inflation, have of edges, recently likely discussion that we do much note cat be such of and a will increases. while to and a
of certainly it they in the going rates quarters. cause which several continue the us compounding indefinitely. be pointing appear to of that it's do rate does pace that year creates Also, could rates We for think third We're out not While dynamics alarm. the It a that at to over really not are as lines to same worth same. all up a would meaningful last view increases impact. unrealistic accelerate this the the have not are
continue for now, stabilize will Tom. a We're are year. price are up our benefit is saw writings. is up impacts excited showing the healthy. which X.X%. of prices economy market To it move given as capacity and starting of steadily our to Thanks and over off reinsurance to portfolio D&O from insurance increasing I first and the to see first to over also it in on overall part and the to People has forward beginning rest our GDP extremely picture increases signs While obviously of probably meaningful sum remains turn premium the are business decreased. time recent quarter, to Small to is quarter a businesses, today to recovers we're and as COVID-XX. the view, at business way show up our start loss of your cyber In recovery solid the events the the our starting
