good Thanks, Jeremy, everyone. morning, and
happening with said, ourselves XXXX, in ratio during year, position Jeremy first growth double-digit and quarter the to we achieve year. the significant growth X the we've put to ratio, and catastrophe profitability one goals for go XX% XX% achieved Through the combined combined our even with events year. As a in a of a months of
to events retro goals. By Lodgepine managed lines European fund results quarter were of our and we strategically to Ida enabled natural and third reducing exposures catastrophe course down combined the ILS the ratio floods, to achieve our hit our in impacted reinsurance exposures Hurricane a XX% to transitioning Nephila, catastrophes, property quarter. including our with stayed While strategy purchasing us XXXX the market our the launching these on reinsurance, proactively and our by
quarter impressive we growth growth, Insurance through premium since the opportunities, have market of conditions in in producing attractive early the our Insurance has rating we hard the business continue in rate see best Regarding XX% growth first remain year. the with growth the XXXXs. the resulted significant seen and coupled third last new XX% the to in market months environment. This segment, strong X an
securities operations, State our within Services National our operations. our Now and insurance I'll Program include year-to-date operations results insurance-linked discuss which underwriting operations,
kick off the with it I'll So segment. Insurance
premiums up year As months premium I the under written year-to-date. XX% the gross were mentioned, in at in XX% $X.X prior first the just billion were just segment Earned premiums total up of X writings. year for Insurance over
our to lines our our of We and domestic both professional growth we identified in product have where continue opportunities lines, general and business see particular, liability, international in new across many within product operations. liability
market or year losses ratio X XX% while combined or and for from the of from X We rate The XXXX catastrophe insurance million points to X or losses last the COVID-XX million on capitalize year includes Insurance and the $XX combined was X first months includes prior ratio The events. in of events, year. environments most net our the lines of compared million product of year combined current $XXX of continue maximize to XXXX the losses hard working net points conditions. cat points $XX from within current the segment favorable to and combined see XXX% ratio net
points and and attritional combined in COVID-XX, catastrophes due by rates. the property our the professional lower driven benefit liability, impact general Excluding product loss premium ratios X ratio primarily in of part decreased higher to year-over-year, the lines, from by liability
Turning next segment. to our Reinsurance
me strategy Property quickly recap business. just related Reinsurance to our Let transition
X from operations transitioned our line managed January starting of this our be IOS we reinsurance property to reinsurance operations. Nephila underwriting by First, year, successfully our
risk our underwriting at reinsurance of our capital have X little this of Lodgepine investor initial than raise as of the the the the a operations. the July plan Lodgepine of we Markel transitioned a we In transition with a full for the property IFS in book fund. less model minority future, to to retro Second, ILS property book half year, participating of retro with
casualty, by and points books, just or seeking continue XX million premiums catastrophe reinsurance year while of both earned higher products Premium general more lines was in in $XX XXX% the were losses premiums X $XX million points COVID-XX within first segment the or from ratio net long We combined transition prior due lower on losses XXX% liability to property and renewals our strategies in X favorable in from $XX from The the current XX just rates. to due year. included the lines liability months losses and through ratio year ratio versus net Reinsurance combined attain from business to and the were new profitability combined specialty net written at to driven points ratio combined for within of offset of our our partially Reinsurance professional professional events, months million discussed. by last The up was was these focus premiums higher X% year. XXXX the term. within growth cat billion, X under first combined premiums optimizing XX% This $X and part the Gross XX% included segment XXXX for of growth our or core I up combined events. liability a
lower to premiums. a liability higher by within ratio our the property For X ratio lines general partially professional lines, impact a year our offset and of attritional catastrophes prior and of in to due losses, takedowns by XXXX, losses, the lower costs expense of lower lower last increased segment earned excluding and ratio COVID-XX months loss comp the point the liability of X combined impact primarily year from and reinsured due first
as and Next, remind both services are which you, reported I'll just operations. touch I'll program of on other ILS operations, part our of
written our almost ceded. program the As services premium gross of all is a reminder, operations within
from to addition continue production billion existing growth program growth the to gross strong at the programs. months in year-to-date our expansion $X.X operations, We and the of due year, reaching volume premium volume both National services first the of see new programs was written of with resulting Premium XX%. for X of State premium
Despite well at broader growth services would business. continue Markel. services impacting to the that are increasing As rate XX% year in lines are revenues in expect, strong strong were and program a program to growth Fee this just led market see ago, up contributions you conditions rates we operations and coming segment, in has competition operating as of the year of first a National. The opportunities. also higher across months through to our pipeline program XX% the business produce continue for as that from programs X business various the State to of
Next, operations. I'll Insurance Securities discuss our Linked
Our Nephila the as minimal and fund Lodgepine's launched. only ILS consist results on of results the ILS operations year-to-date impact was Lodgepine. the recently of
This slightly under from investment year, the revenue management. lower fees AUM, MGA ILS growth Nephila. continued lower operations by to due the were of average assets to partially up management offset For at revenues was
continue Assets finish of management investment deploy X challenges, identify opportunities, difficult at new bit billion were as and years opportunities been ILS. activity for market both elevated in the areas to of with XXXX. launch a cat new outside that the $X.X little have to X/XX/XXXX. The always, about questions. of always under past capital Despite and I'll catastrophe we talk particularly heading of these within up commentary into just and Nephila of market as to happy
are good of remarks, XXXXs. since we've conditions As as hard the as I at the stated my seen beginning the early market the insurance market of
interest market hard this and cat-exposed different in business. fatigue current conditions is low the current that market CPI social the market and rates, capital market Drivers loss trends from of is plentiful. lines However, and inflation historically the in of include
unlikely conditions and I resolve will we're Given XXXX, market near in favorable these that are our factors for how the XXXX. believe remain setting future, that's plans to up throughout
wrap outstanding hard next employees who by results. thank year. it to positioned I'd thanking over momentum XXXX significant of these strong produce are to just We like end to With to all and COVID-XX carry Markel's now you. into that, so Tom. I'd throughout up turn worked And like to
