try believe to won’t the loss this segment sugarcoat Specialty to I I explanation some fact consider. within that are P&C our that quarter, loss, positives operated of the there Frank. Thanks, but at a
of environment, for us we almost a premiums million an healthcare $X saw consolidation premiums, an reflects trends. First, gross facilities in even competitive increase and continuing increase by a in focus written largely was X%. of driven which very That gain in is
policy controls a which the community, price our retention X% and renewal with we largely in the the to $X.X renewals, renewal declined a reaffirms some to due on addition quarter facilities at prior the losses. that consistent of million new on year the generated large increase retention healthcare on ongoing in business. and we XX-month broker effect are building marketplace facilities few success of Physician in winning XX%, This In business policies the dates and shifting business. expected
it’s Although, that note the also to prior line retention at year physician premium remains in with important strong XX%, quarter.
P&C. all across up up renewal not some we in previously of pricing was up lines of facilities time. Physician levels Specialty pricing have are renewal seen increases overall mentioned. as business and X% These X% rate in Importantly,
quarters losses market talked We the about in have for that indicates are signs overall increasing. several
still no paid of see we in our that evidence underscore will that I Although, losses.
pricing as regulatory in However, the greater of some that overall fact new companies concern business, and the are increased loss we financial smaller to significant scrutiny moving of in of the market industry points discipline the retention line, in severity. there renewal is strong in condition the is the those remains about winning higher short,
we remain come of and we potential in to that the confident as thus of loss across these market balance being quarter, also our influences reacts to While ProAssurance the the are the will performance trends, reserves. affects in and as evaluation sheet change severity fix protecting in our segment’s the our benefit prudent we
affect X.X by ratios due evaluate loss signs trends our million we and in about into fourth $XX.X see to Our the accident will in favorable ratio segment our quarter We and higher development using the ratio change reserves the to determine driven concern XXXX, losses X.X changes declined legal potentially increase loss year that current loss of points increased we and and as quarter was the approximately the to climate. are no continue XX.X%. these in will caution to by this points
severity with given to increase, of that in ripples evaluation evaluate that return in especially sensitive through back of increase, this points line we to paid so extends our been the and in the means result every more continuing better and loss the our has claim, and loss which hold points losses. changes inherent X.X to we policyholders above same than policies about become reserving our reserves reserves. volatility experience are mindful who One always are Remember evident if we pricing the used, expected. loss should establish XX was estimates conservatism X that for of points the We unadjudicated ratio of this of on premium effect, it have half are point conservatism
good adversely loss reasons it quarter, in While viewed be thing. we believe the the premium return behind a ratio the affects should as for the
handling Our risk help at business. role Frank? in and continued results new those to that selection a will dedication and management risk and outset claims played retain gain business in pricing and effective us the
