Okay. was That great Great. much. very Rich, as always. thanks
Okay.
submissions, general, continued about in from it tell I growth space, quick that strength promised, in reinsurance of specialty top again, that. as line resilience the couple We're a as particularly you healthy. open up very be but specialty me, that we'll seeing in seeing to feeling also as in market. segment and we the soundbites for in good we're well. E&S, The some particular, and continues saw finally are the would you the Q&A. in then Consequently, So
other tail auto around Shorter commercial particularly robust. jumping strong front, strong. here, insurance was the was and reasonably liability as On well was
contributor. -- side rate XX far to meaningful what at was a growth, points X.X% as contribution of As this the Ex-comp, so. we were the or
a think in decouple participants industry some confuse focused may important pay as of rate an inflationary And keep of lot we that exposure, versus or opportunity in on been It focused it's the worry be on, we've it mind an on particularly Obviously, not something things not exposure that is one a with is and very to that GL. change up through in growth. attention people to. payrolls I I environment. comp, keep and that there's
the on of revenue our fall not as sure get property and front, policies behind that far the on based But of an thing values the time does As exposure. inception. underwriting approximately and is adjustable the important X/X that appraised one making at are you
we So really piece to that up can keep with that's a important inflation. make sure
this as considerable strength front. But premiums are as is of seeing lot concern. at of that there on far momentum tell sensitivity stage, you, economy, would as I As a far and certainly, audit we
the that XX%. know retention -- of the premiums and current And front, loss and getting year? unknown, of a as and that and book the lot assumptions a the cats. perspective answer the Long past integrity same as we've Why that book churning volatility that year. we and heard the there's behind make last were and I are sure we've we and it bit people of past, make discussed probably various lot of quickly. to want even sure we're sensitive more rate to there there's relative renewal in the it on something would it that was sure continue they of audit gotten. X.X it lot remained my we've calls, all at Loss intact coming think we're not and story ratio, we've and the a look leverage not is is, when Rich we about quarter during characterize we ratio is the simple the story covered very out are thoughtful appropriate the modest north don't noise appropriately push of of to retention seeing the to and frequency heard points. we've of that drop making big obviously, rate respond short, accident measured, I to just and up And talked from just the for some severity we're a we period that the quality XX% the the this exposure. on Our the From in
Some just would inflationary social the we're say as being thoughtful measured economic. people We as given that would say cautious. environment, well and both
In on best last backlog interest we quarter, piece on of pay to our whole in that data the and this loss addition COVID, last to sensitive the estimate, point. And the quarter. important may legal all due that, is the ratio, probably for One to, have and It's our an an point. us, which this loss nothing system. one to but to and ratio. in an estimate many is more an important it's than backlog perhaps, other is court the that XX-month that's touched data we there's I you and of just the still data And I system. it's points paid attention not it From perspective, think all story, shared with we're
QX. of little much back historical at as again QX, that ratio loss give you what the basis an you going a bit to apples-to-apples as creates here's I'm paid for going can, for shorthand. And So was perspective XXXX we least using of to on
was ratio a And In XX.X. it a QX a XXXX, was loss it in 'XX, was In was XX.X. paid In XX.X. 'XX the So 'XX, XX.X. XX.X. in 'XX, a it 'XX, it it In was XX.X. was
on whole an attractive tell data the meaningful obviously, again, touched necessarily this. perspective, encouraging So a an and But Doesn't indicator. Expense from story. trend. again, our point ratio, Rich
growth but for That And it we as opportunity whole to is scale focused more of there you of can reasons. efficient, the trying they a said, time. mover again how how needle just there's new time. on the likely be lots lags few to more have earned to a over and big continue improvement have We'll do it premium. in over see the our We operations. folks host written, see Certainly, are been having see
reported. XX.X So
quick XX.X. and do the pretty If an virtually portfolio, operating for again, comments on the you obviously, you measure. of investment Rich summarized out and back return cats buck couple attractive the I a it, an by On basis, any well. it's A think it
the point years. going the X.X not duration much notably I'm liabilities, give our belabor So too but of remains where X take, obviously, to are short the here, liabilities at to years or compared
just in foresight the the XX climb a last the probably and I up earnings it. think us X.X beginning company of quarter, variety or importance this of and its being the at worth you're call of other saw is period when seeing money it's quarter -- talked And the or take. also yield noting, about We from X.X for you early of to in behaviors for the of X, days. opportunity book of of traits certainly discipline QX just power a and north rate X.XX, stages new last in these days and the give
or this increasing think on something past. we've forward investment important should I of rate exercised has has earnings underestimated. certainly underwriting it it raising model the side. the but in not recognize how going to a been been the be power side, is in also economic It's on exercised The environment discussed it
and appreciated to as I have move something means interest up. power for sure it's understanding our the discussion, when I'm you rates what economic the of this people see if business the it's earnings an continue that think for model again, but have not fully we
flow in way likelihood. much So that we have well but income the when opportunity be these is the forward, the continues that things look coming and business coming position us, I to for we want there The given the that all have momentum. to as that opportunities we the before leverage course, coming think we well. of significant quarters, And again, are very way years our continues to on just that not all our we the rate have getting need sure the side, coming of us investment make
there, So please for let Josh, we could open pause it if me questions. up
