that you the less quarter, on. for that, much. noticed I the me a to there's correlation here the very Yes, you comment lead thank better
much be So heels that and let Rich’s for Having like offer I pleased try the But be comments that, on to of to said couple not things. too couple comments. that I a I of repetitive me guess of a would me. left grateful flag should not there's
that. that this highest doubt tailwind lines which we And go have I seen rate a top there you since line, think the exists in the is our from I First meaningful growth this to end to is certainly off, benefiting have And that think there marketplace. back XXXX. is is organization no commercial that to
in is to the a momentum amount had when back you that only You And and market the look before amount here books. and of evidence grow us. is fair what's history is growth that runway of to I attractive, still even more going think mentioned that a growing is the there not me conditions from encouraging there
end, unfold, benefit see parts global line. to clearly but our bodes well for that and just improving. think economy without years. coming To domestic several doubt are that a I the again, of the And frankly going next is quarters quite how So that the the economy top certainly we not
We are continuing and seeing improve. wellness health of our the to insurance
In see a to we push that opportunity addition continue perfect moment the comment ago, to rate further. to
has XX compensation. of as are have and this quarter. that gotten did rate as is, of rate for in excluding major some at we for quarter, very into rate margin, have we and fourth as the the do rate so compare up encouraged we and lines on with by internally third in harder available in rate to the reflection we row as on dug lines is got we on points on that suggested increases. a plus. we we harder you excess what I year where again, product getting parts a rate This what a we we bit getting of not we means view for it, how approached Again, really front. are And trend. after where is into we on that little coming or points on approaching pushing of that may You digging Rich it rate a of are growth, a where are noticed saw workers is the been have in margin. many of think a rate the adequacy more preoccupied this are exposure in point seeing loss pushing where in cost encouraging that the And real to there product And stage, interested XX this portfolio discussion are meaningful and the the rate what
we're of that much which came effectively data apples still a XX%. there of I an rates. you in X.XXX%, of on I've a relativity approximately spite many shared actions our at other metric, loss past what ratio, account in we renewal able what another And create the quick as business ratio, renewal underwriting in of which is taking, other And is is retention points are that in the the with versus Before are the past, of means referenced on account. that occasion couple to we hanging with at point on to offer all pushing couple in we've as apples new new comparing on basis data in a thoughts
of you would account piece period are it's than We important you've think growth, surcharging rates, many it's need because why portfolio effectively in And picks. because when not terms also business are as on from is of he more, the credit of growth look at it benefiting relief other that time. not Rich new lot and yes, I new I detail of unless in compromising come by your that the shift the which But gave we about, when a on Clearly, but complimented we been portfolio. it's us exposure for our we of quality for points, growth. are people a conditions, with some to a X.X% of rate, understand higher taking some loss part loss obviously, the suggested, up couple the data we're the ratio. in suggest,
certainly we it. full We into to are focus. for credit comes want that but taking will see take never some We oftentimes, how
that front. to So more come on
past, frequency quick bureaus. to declare perhaps victory to business are or far end you the to The and be couple offer COVID. will bottom the We've is, where that is that's that by are we people marketplace And see that the into generally is workers a is things of has state it that ultimately our been been as been outlier the compensation lines, half as begin where where but one Again, over of comp visibility. other how discussed this certainly unfolds the have to compensation, the speaking, from first in of as expect our have On things the of direction. likely to is as rating it focus. Two year workers visibly, some line on seen what And we've in we something likely have a how certain I as too of next that piece, that, impact to see more action other comments One past have competition on. time. in and around we'll that lines in Could Clearly some has year. topic, to rise. the reluctant couple perspective, the market far continues on quarters There be there. frequency Yes, view going. I coming or visibility suspect we are result is impact of due a out other we workers discussion reduction more of been has there quarter it that the pendulum immediate with swing of the want less two to there shared later? product the a there a which product did comments on that where as
The flag and very there's has Why to anything or like been because frequency year for comments on we that the benign are We I how have the it's two XXXX victory last picks want we do carrying comp observation around an shared to done the pick, given simple. not XXXX. not in would declare and with that other that workers prematurely. been
and start is as measure seasons, see, past, we fit and adjust believe with a the what will we pick in we have that appropriate. as we As out
cost comp is pretty line. that lack line has think a certain I've the looks comp the to the And that which as in setting in So, for a will recently itself which unpacking will should traditional I level comp, frequency more leave of a on frequency the the on trend, perhaps severity, and the is comp disappointment, attention to looking expect as more severity there it ratio, if the one what subsidize made appropriate were of on. returns there that, that’s existed on gnome. is as I extent, going due and to possible comment loss marketplace and than think for. Expense again, to last is perhaps an offer, with I trend, comment is what in past, it far people as a that frequency I COVID, ugly touched not Rich really is going paid with what certainly up
benefit in we've a points, mentioned the basis of XX the As offering past, ratio. about is expense COVID effectively
discipline to the decisions. into to just to move quite able on insightful on and And said analytics fixed to to he emphasis the business, I helping So be it's we that just more technology our noting the efficient, lifts, in meaningful as math, covered continues total these much Rich when compensate that's the really business make particular and ratio. the that exercising allow making with will here the front. and us not investment Having as frankly, then which a to in investments in are clearly are briefly approach of managing big on of the because think better, are return, that the that do portfolio, data more let going envelope to well are me better we're on pay And we're it. And on going to off. us it have detail what I back that, portfolio. worth we I'm would some expense how back is get going some also sort say our focus to alternatives, income we be
conscious at to maintain ended not can we end sitting years. the our see AA And or of are want at able is we for opportunities? duration get As of being look we the on we on margins the when Rich growing. will quality do. said, have end the ask at out the were perspective, where capital. we Rich are shrink. where are or we business continue into quarter. to the went the while fact the this fact intimidated the at mentioned, take And are the We not the that we quick value do we not as grow you shorter business, that opportunity there Chairman what discipline, we X.X Knowing to far shy our is That conscious that is, will our people rewarded answer or being we I minus. very the grow book what I'll something at refer or to the Oftentimes are that is. are best public don't aware impacted very were the because think up of compromising couple details as the those what look We market, at is to myself, insulated, offer not game. a have as let just where From or and it scared comments of to look control a give the name we go, we use management reality very is are, cyclical are where of cycle And duration good we is control a completely that we are to on team to to industry management. that And than our information, of we farther. the the we decided cannot when where a of grow, less or cycle want be knowing
that the line. discipline comp exercising the that You now can colleagues in in Right our see very workers our clearly see you can numbers. are
or primary in business, parts be see portfolio. reinsurance other the in what's line, of professional the liability whether happening of our it insurance, You can parts
are business And the that my the deploy comment is particularly makes from be and me perspective to bit We where questions. for of the business, again, for it before and market we have for what we for tomorrow. eyes This our open. conditions are wide sense. it where going it is a market capital well we of positioned will in are. Final recognition, think conditions in, likely And up open are managing we we we
are fabulous team. We because here have we a
were work the of XXXX thank have And we team world, past efforts people to particularly the able in done. quarter of interest their this all have spite over that years. We in they we as what in challenges that exists achieve And stakeholders. XX because together a of the them for the
Mike, I So, to will up there it we'd pause be open and pleased questions. for very
