I'd call. rate per in like continue interest take by Thank you. investment as a net operating income higher benefiting to the advantage the environment. our we XX% to start And from everyone We second welcoming share, quarter to of $X.XX earnings reported of increase in
face to conditions Liability long-term our the remain achieve in of of actions particularly results, segment, the beginning includes that profitability Medical underwriting P&C reflect in market sustained challenging. line Our which our business are Specialty Professional to
level accident the the X-point favorable The both prior reserve the net first Compared and also loss ratio. X.X a improved improved releases year Looking quarter by current net ratio with higher loss to with sequentially last points, in Specialty loss contributing ratio improvement of year-over-year. the P&C. for year, year at
medical have professional the recognized and liability loss responded time, challenging to environment. some we For
While driving flat, eroading inflation reforms social fairly remains and tort are frequency rising severity.
many in write XXXX, outpace severity health trends have to in MPL of within believe on there are lines renewal business business our business. Since increases We over are the of where segments by rate this levels in our pricing within profitably. care cumulatively, standard premiums specialty intently opportunities X% achieving ahead with business for renewal space we increased focused XX% we even remain as and quarter's MPL we and XX% XX% by averaging for our driven that
that believe We our also continue opportunities we to meet in current do the expectation business of not rate forgo new accuracy environment. renewal and loss
was below business last New million. $X year at
claims a conditions. of managing As existing Specialty for address with and a our focused premiums solid pricing on written are In disciplined retention although underwriting were P&C XX%. flat, parallel remains we insurers result, actions, market Net to
moving steadily our our improved We focusing of pricing forward also for enhance and are innovation business to on decisions and use workflows of doing tools with ease partners. selection, improve distribution insured risk while
where analytics, with extensive there us markets are is helping those our are We subsectors on to leveraging in profitably. market and predictive data business opportunities write this which
part us more pleased We're in consider factors, to retention venue midsize these a be our improved a example, this help of severity of underwriting small effort. when For specialty tools the establishing appetite. including as accounts to seeing and variety profitable
Turning to our Workers' Compensation segment.
medical began of we claim impact higher the cost to that to trends address to working aggressively rising see in mid-XXXX. per loss related are We
focus below XXXX the claims premiums the appetite impact. environment full last still year down year Further, For in ratio ratio, year X in year's segment's obtain can We the quarter. loss new $X we current reflected is a our remains on about accident having points intentionally current written caution necessary quarter, second business rate until above positive operational below at our last gross and discipline underwriting X% the million. cautious with although believe was the
average have slightly claim below reflecting elevated half trend cost improved historical continues levels, We to claim frequency the second although per XXXX. from seen claim seen of the Reported in levels the still initially of prior growing impact higher year the influence no is this systems. for the integrated reserves medical average second in medical cost vertically change and quarter. per the There in of accident segment
data by to comp will productivity efficiency. enhance profitability, preparing that with experience. challenging a provider AI leading conditions underwriting we introduce the industry AI and Clara tools agreement market along into entered using are recently, and workers' extensive help Analytics, Most service claims address us analytics with and an with We to
workers, enhance us administrative capabilities help professionals. and burdens To for estimation reserve claims improve medical our the injured case outcomes our for lighten
cycle. We will escalating best-performing costs address helps various identify tool claims leveraging platform direct document including the the life medical to aspects medical our be platform early claims to to providers severity in their help their intelligence that of and high care
billing are policy XXXX. that we in and risk segment of integrated claims, this beginning systems in the capabilities leveraging new at the management These place put
of We fourth expect in XXXX. processes contributing quarter our Clara to to the be
to our conditions, history keeping workers' in us cyclical lines from goals like. remain achieve headwind these taught medical but our As that confident current efforts. will we We underwriting us as our focused businesses respond achieving last profitability both our quarter, has I in market compensation in quickly both our despite long said ultimately to and as professional would ability liability
continue our to improve for while turn We balance that be key term. so but then book discipline some our results. we will expense shrink the long maintaining short-term can know long-term will to of delivering positive to we focus insurance conditions a to compromise markets We choose our our achieve to fix growth not and protecting in sheet wait we the that over our to at
signs you'll further looks see I the results. into think Dana? our Dana more as progress of
