Brian, morning. Thanks, and good
insurance much of recently As the of health or operations start profitability. actions implementing a to actions which call territories discussed bear fruit. U.S. heard in the to quarter spent where from the profitability Tom and exceeds our will quarter that I operations. to long-term we on year within steps and where work meaningfully the overall took are you Brian, we corrective we industries specialty products, geographic addressed our our improve significant insurance believe earnings the beginning performance improve first of underwriting meets the At our targets. grow from the ago, the underperformed, time, I future particularly These same We
quarter For improvement expected XXXX, fourth was to the meaningful from point the It stood goal, of in result in XXXX. ratio line That also is of in our for exceeds but the ultimate where we XX%. year the this full first we quarter year. be where combined shows at and our with
impact written first quarter. of premium in our portfolio evident management The are gross most volume the actions for our
the we grew a a X% modest ago. versus On year surface,
of appreciate need bit a you to our actions. However, the to effectiveness underwriting disaggregate that growth
each of monitor rate We products. use portfolio and tools evaluate of the to each health to and profitability our adequacy portfolio management quarter
yellow system, degree line. colors where red use assign show for demonstrate adequacy I'll and a rate green, the of we think are You of deviation our light we for profitable ratio market lines. like each to remixing towards of each traffic portfolio most product color this the how associated product. combined might profitability to or construct a this target Those
Around classes, our into premiums green moment. ratio gross written our quarter. significantly by grew XX% the category are XX% overall which represent at fall premiums product the our that outperforming products during our targets, of Within this combined first
in more our which On where ratio a this the of classes the our is targets, actively XX% portfolio XX% quarter. decreased premium first category, flip gross volume red by falls being side, underperforming profitability combined managed. is At little during present, our than product
Let still a for underwriting many but are in we clear, is lines, me operating that at these profit, above our be ratio of an combined target.
plans long-standing to set back of For in robust to each our into market action get underwriting a take time, product, relationships. plans and and of we a acceptable period consideration current have reasonable an profitability level us of dynamics
U.S. of liability general the account risk contraction directors' 'XX, Bermuda in omissions underwriting and brokerage primary in large within and managed and most This were casualty. first our lines contractors our on casualty and excess and within product several And professional and errors brokerage professional focused lines These notable quarter actions our officers' classes within portfolio. and umbrella liability liability.
or consist of and of mix. industry attachment actions of mixture rate terms underwriting changes Our a points limited evaluation increases, conditions, of to and redistribution geographical
our of proportion profitability the also portfolio within decreased We existing business improved book. our overall casualty the construction and outlook for
several not instances, In products these reach would expected underwriting changes, we Insurance identified discontinued our or us we believe subclasses. circumstances, not in segment profitable. our product that more to be first action we In where were certain lines classes meaningful in writing quarter, made to goals. certain including product plans enable exiting We profitability the
and areas the collateral exited risk-managed of we intellectual lines. property protection and included primary engineers retail Some casualty, architects
total, annual we In of subclasses an less represented X% the and on lines operations than Insurance basis. exited segment our
meet that our our We not did of also share targets. segment contracts pricing liability non-renewed within a quota handful professional Reinsurance
disciplined Overall, handle portfolio we long-term we how remain about management. thoughtful and
our our we've growth binding seen professional insurance and and specialty Turning within products, operations U.S. including marine seen across commercial lines, portfolio, of to within a personal businesses. our international European marine, our number inland programs, property and profitable and positive. U.K. profitable products. energy, liability the Within growth We've
and global well-diversified our of a London pursued our construction. energy Reinsurance and enhance to the opportunistically growth Within opportunities within portfolio platform, market large, marine specialty space. plenty see Global With we operations, overall we grow
focused just on that. are We doing
underwriting we're through actions ratio, ratio combined right on strong for actions take but impact taken the and we're to going confident It results We've time deliver improved track. that decisive and to earn forward. will combined these our
to especially classes. in product regard remain in longer-tail our our conservative we reserving practices, Meanwhile,
uncertainty margins to longer-term loss new We business trends. also against to increase reserve on continue buffer around
increases, In share a a insurance dynamics. high continue modest than in continues on Finally, portfolio. better I'll ongoing on few rate or rate product achieving low more moderate single-digit, environment of rate see pricing our we diversified level in view and although overall are year across increases some line meaningful lines, general, market see at our double-digit thoughts cases, Property our increases remain trends. the to current than Rates to most loss product classes. In across a ago. casualty we our
softening mild portfolio. our international a a part of increases seen of We've rate throughout large
book be compared ratio international targets. continues loss to trends to Our attractively combined priced and
actively in continue we such, As to grow lines. of many these
Finally, within we many lines, public decreases notably professional see classes, in ongoing rate in most D&O.
As decreased a we consequence, classes. these in writings
that finished we expected. time actions In where we want quarter for We closing, the takes to to create through recognize I earn reiterate and it credibility. largely
renewed line I time aspirations. refreshed our reporting focus, of in results with before only However, begin our matter team we it a believe longer-term is and leadership with more
that, Tom Thank over for With questions. to I'll turn things you. back
