much. very you thank Rich,
a observations, participants then the and to would get quick your me just Q&A and offer couple to. we'll let take like of So dialogue anywhere
the think was the company. from I it's by been great in quarter time. And a it for any for my perspective, some period making virtually measure, of
support is of In addition that that growing and a would to think the to idea quite there amount evidence it's that, come, just again, more I there's encouraging.
As a view far get as bit of the that our looked market product lines have factoring exception outpace major And in drilling bit increases little continue loss as them when of the we down the with inflation. to a even more that at of workers' is trend. for rate financial into been more we compensation, all
inflation our erosion at pretty also look you we're the that to is early line. growing, though. we model. and again or were XXXX, plus go said, slowing. through are you an here line close but for observations top One, a of growth not you give they of Rich in mind, XX% off compensation, couple back paying healthy. in organization comp cliff. take attention may and workers' of flat. Obviously, if level fell the what wage we mean A 'XX, signs there, please QX walked keep We the is there were the That Regarding that top economic been having
this a a bounce was not So was This rate. back meaningful run a growth. just normal to
around commented addition In segment. and Reinsurance to the Excess Richard that,
the noted just rates and where have from we away deals also us again treaty it business, to we that a Richard's You in couple good, would were where where good comments, was backed thought weren't segment Reinsurance for as the release, though in domestic our they of the participate. enough particularly possibly
or on coming If balance a you you XX%. the rate. from as from exposure give from it growth coming shy comp at overall, is gathered in coming XX% take ex increase rate is The unpack have about of of it would the third just
or exposure are people important pleased lead we're model, of trend. And of still have an the margins, year. prior exposure about what to increase think comments a line. last deeply A dimensional. our start about comp margins even possibly on. and the versus fact attractive, other We available growing capitalizing the rate getting at business, becomes economic the are on and it available is it's rate ex And growth when pushing as as we relates our again, for that reprioritize we I might The think in as relative the not with in was that the as become some that look is rate multi quarter that too we the time same I to mean what suspect does into increase. to further think we by as of rate, that pushing margins But rate. more top large opportunity we're outpaces this the we meaningful it seen couple particularly part portfolio become to still in we how again, simple
with flooded our particularly It's clearly things. to a data submissions. opening comp across is revisit helpful particular, which economy, businesses. and it's are a course, are that of An getting a driving businesses board, standard benefiting from E&S the its continues our I appetite. and, market think What's in it? Two point, specialty we
it just the gone. economy to as we release past, really by U.S again, the expressed with in But and wellbeing this. health the have is workers' the line that speaks a of rates of And that growth. Maybe have far concerned pivoting it combined compensation where to to you through economy that line as product ratio, product As lot growing our bouncing would over to think the driven as just and recover. continues in I got we're and seen opening have back Rich payroll
of perspective. observations Just couple from a my
expense a place pretty at here. opportunity the with coming from XX.X% in On our perspective to good a from front, is improve
added to and As erode all premium of COVID our the build as you is power leads benefit from benefit expenses approximately non-cat of mentioned relative Rich to certainly as you at not earned was to here, That having earned, is be entertainment last look picks a the been far some Rich as the XX%. year, That about talked due pretty suggested, little written getting was likely likely over accident basis XX XX.X. X up, that through and ratio been there if it a over time. that had the it at we've can if year, and about coming said, that to where running and good Loss and given how likely ex-cat disappear. is see more as back the loss The points property travel to activity. He points.
we So frankly, this rash was have of quite fires. a
suggests tend Some to your own bad would we make you believe it's oftentimes that luck. luck,
into digging is we're one-time was series this So normal. make And sure new unfortunate not a of a that of it events. to more that
loss from Again, the data coincidentally well. on A came duration X.X the yield paid at about book Another the The X.X portfolio. running on attractive is Rich points investment XX.X. very at of of ratio in couple as a on years. the comments loss commented the ratio
One people much I'm restructuring focused how is here. sure. talk about inflation. perspective, We one just return level, into can if doesn't amount or X.X% later this to are things and be of that as certain 'XX interested. very capital But people inflation during not lot through of whole talked is people be about up a to for things this prepayment quite may and that believe related even to the business a Regardless, the around of But if the more it be that to at long even X% securities that transient? very we comment of long so the comments very We've capital the of continue today. some the will balance cost true, done Q&A around or From run. for you costs. meaningful the less associated power with 'XX, on the There costs are and fair per structure. XX-year about, get sense being or When this year, And there's well, you again, a think certain are the we and the our sheet Richard's calling XXX transient, coming again, continue but that. transient, benefit savings make earnings inflation saw other work of
be more results And short, to what's the next is than this story if couple organization quite to how from the an long next quarter. just is couple what table look broader So macro just but not very frankly that of benefit years, for quarters, the even the at is think conditions. set likely you is going the greatly encouraging of good I is
So, let [Operator Our for pause comes line now there to please. Fargo. Wells from Instructions] and like Greenspan questions the me open we'd could Elyse first of we up it from Suzanne, if question
Your line is now open.
