Thank and good everyone. you, morning Alan,
of tax. a $XXX XXXX. third net to operating Global start totaled million $XXX income the net increase same in of period Housing, compared lower with primarily $XX quarter was Let's of million loss to due million for The the where
quarter and an wind $XX reserves Florence related losses and increase damage Maria. million Hurricane from in included for Hurricane Third of claims to from flood
reminder, third a in a total year. in of of incurred As the cat quarter million losses $XXX we last
non-catastrophe Excluding declines change, by net lender-placed. and million declined operating $X in year-over-year, tax catastrophe income less experience by losses, the loss and rate driven favorable expected
the manufactured trend with damage We our and businesses offset specialty products excluding investments to and favorable for other housing XX.X% reinvested management water experience The losses International due year partially risk-based was insurance, in partners property and and less tax our non-cat we weather-related continue year-end. fourth to planned loss ratio we expect quarter. Dwelling loss lender-placed through multifamily from to also mainly from and cat from incurred decline. housing a prior of XX.X% This savings favorable Growth period. experience combined from for property lender-placed more additional increased claims technology Affinity additional in the non-cat companies our a the as portion expenses other like
expenses quarter higher incurred support also to We the new in business.
capital-light offerings, and of other profitability metrics reevaluating sale the specialty property the mortgage Global for are solutions businesses. we of our expansion Housing's With
upcoming our to expect segment share at Investor in with along Day you March. targets relevant our We conclusions with
sale premium August total the solutions fees the to earned and third revenue, in Moving Housing down quarter, reflecting on net mortgage were Global Xst. of slightly
multifamily revenue basis solutions, dropped points market mainly increased reinstatement lower premiums absence This This reduction prior-year low in year-over-year products real of housing from in mix by period. catastrophe placement reflects was driven three and mortgage rates. a partially lender-placed volumes overall from quarter the up basis the loans. was with estate from in of Revenue higher in rate Excluding a also which XX reduction commercial the growth lender-placed points placement premiums expectations. or were property strength X% our and and our owned by offset second the for paid housing. line the The of increase declining placement
continue placement declines expect to We to rate moderate.
will results quarter fourth claims preannounced we include Hurricane Michael. As from
pretax. million our cat This is and on be range losses to process million. view $XX $XXX claims to we based the continue likely of believe in retention today, $XXX our of prevent below We reinsurance million will
Excluding increase, catastrophe operating expect Global rate. a year lower to this of driven losses, by tax we benefit net Housing income for U.S. the
will earnings moderate by absent we our are progress encouraged the lender-placed lower we've be and made declines. portfolio tax, to housing While refocus
other continue and and the In addition, earnings in grow specialty to housing we offerings multifamily over expect revenue to long-term.
earnings of to $X.X million the Global Lifestyle, to million acquisition quarter. operating Moving also the in million million $XX.X quarter. Warranty This in included from segment primarily increased third synergies related for amortization. to Net of This intangible The includes $XX $X realized the Group.
net tax discontinued offset within in in a reposition one-time was business. in quarter by our service the growth XXXX. the offerings continued the matched Connected efforts services nearly Living rate saw not partially Lifestyle mobile new and as contract financial driver management benefit was mainly in programs by We ongoing growth declines a partnerships, we Effective was extended because expense launched sector. gain tax driven organic by our also banking in from from reform within solid XXXX
mobile contribution revenue, saw primarily We net million national auto distribution due business up North Lower global a our predominantly growth continued to million American channel. the this from $XXX for in and volumes within auto which peso strong volumes fees was in depreciation programs the driven service dealer Global by contract distribution the offset premiums from subscriber Turning $XXX channel partially Organic were third-party growth through to Lifestyle growth trade-in started and earned Argentine and of TWG. the increase. year-over-year mobile XXXX. higher within
loss segments to XX.X% the to combined acquisition. metrics, TWG for Turning favorable from catastrophe from the the profitability and improved XX.X% businesses ratio the the due impact to experience risk-based
This X.X% $X.X in excluding a was million quarter XXXX, and X.X% from capital-light mainly our compares quarter or Hurricane partially quarter in X.X% favorable in As savings contract mobile year programs Harvey improvement the million earnings. incurred The of expense Hurricane of auto for profit losses XXXX we and third related experience claims extended loss the from the TWG service contributions was third to by global in lower to the in Overall this period. to realized to businesses $X.X started the driven Less increase. pretax prior the business reminder, U.S. in margin related offset business. Europe Florence. fee-based higher compared
and Global offset will tax the growth year be should by declines benefit lower along rate. As TWG Lifestyle organic full-year of Organic margins the service Connected noted Overall inclusion margins. Global earnings Living XXXX, last we with growth growth a this in by effective quarter, financial lower contract the in mainly organic expect offerings the automotive. driven partially mobile by reflect for the more global mainly continued business of mobile, growth Lifestyle services. TWG and acquisition reflect U.S. driven with
reported let's $X.X Results U.S. Now million This million an increase operating reinvestments net the million $X income. some Preneed. $XX segment included to of net year-over-year. benefit lower in in tax The of rate move business. was the from a Global
second offerings U.S. for of pre-funded as tax from funerals U.S. our as To the from due and consecutive X% was income Revenue was distribution growth both benefited for and the business. Canada. from with Canada volume sales in expansion quarter. were the interest Final-Need assets across and prior by increased degree, in product lesser rates greater results new benefit, a pre-funded the well sales Final-Need funeral Growth up Base Excluding the earnings of period higher Preneed in partners. of product to driven greater investment invested and the up quarter
As the impacted significant were adversely sales activity a quarter. reminder, hurricane last year by the in
see fourth months. quarter, We near earnings winter mortality are pleased with in and Preneed moderate strong seasonality the higher as to given results, expect the but we
existing modestly the net and Business For due additional was for product tax. still operating adjacent from expect as loss clients as should $XX Corporate, was Approximately expansion. impact well of will $X higher a the and of drive earnings this increase half increase investments. to expenses offerings we technology year-over-year of increase full-year, Preneed million the new At million. the some employee-related
other adverse lower effective tax half related rate. was the impact an from The to
third we the quarter to expect similar loss quarter, fourth the For from levels, historic corporate to increase trends.
our investments Continued and drivers. the Car Connected the artificial in be intelligence, Home Connected should also
as continued in This impact This for million believe be we $XX the operating of offset lower of Corporate tax to previously will with management. million that roughly discussed. As adverse rate includes U.S. will loss a range be $XX by result, the XX% expense the full-year at investment. some partially
capital. September Turning totaled Housing, about and $XX capital. $XXX this deployable the or $XXX of $XXX million in from capital included from to ended entities. Preneed million Lifestyle, and Global company We with total TWG Dividends million holding million
sale $XX August received Xst mortgage for also We million the of solutions.
In we for outflows, our November shares million. of Xnd, preferreds. fourth purchased approximately and the is in we at in for stock million and buybacks comprised through Looking have $X $XX deployed This dividends. XXX,XXX share $XX $XX for $XX common our million million million quarter
we to from dividend For This and deferred expect TWG. segments be dividends from reduction than segment full-year the from XXXX, to is earnings. the mainly tax dividends operating our operating capacity of our excess greater liability due full-year
this be and of catastrophe with are dividends Excluding to segment TWG, aligned their dividends losses. liability deferred still from Assurant earnings, inclusive tax expected
call questions. of continued And customary position a to with for please and dividend regulatory full-year businesses. growth in well quarter outlook our agency remain as with we're profitable operator, summary, capital As considerations, that, is our subject open on always, the focused rating and profitable XXXX. the strong the delivering performance our for financial pleased on growth commitments, we this requirements, In
