Dominic. Thanks,
Our the $XX momentum million of ROE, year we return as We and from continued into net is earnings positive of performance compared quarter the in of Adjusted investments loss XX-Q. on detailed excludes and XXXX. fixed $XXX quarter of million, a our as net this equity, a unrealized that quarter, on measure of ROE and net second ROE a generated adjusted X.X%. realized in to the X.X%, second as losses first recorded managed, well directly funds or adjustments other of and gains maturity as held-
floating investment of of results billion income received down consideration Second maturities, SOFR rates above our assets business, investment quarter positive performance largely to the Breaking generated million and $X.X of reinvestment on $XXX new from $XXX our NII, by results million. further, now income, approximate were of driven we income investment with net once again or due X%. interest fixed of rate
We also by million of global experienced favourable equity driven returns on $XX performance. our non-core equity market investments
of by positive were unrealized and primarily increases. The on and realized by net million, our offset returns driven rate partially portfolio fixed income interest non-core NII $XX losses
and million, adjusted workers’ of book. XXXX by primarily compensation development the claims Run-off recorded favourable RLE the in or our $XX year in million, Liability of from Earnings, experience $X We RLE, driven acquisition
that half period. record the we loss studies to movements tend our most as complete reserve in year second reminder, a of and, As result, annual the each a largest of during
LPT on with our agreement quarter, with in assumed management accordance and conditions. claims our This XXXX Argo we control terms
associated active this for result, we $XX with As anticipated to million of costs management by the business. a claims reserves the ULAE increased account
of given the best-in-class of Effect”. track As RLE the the record our remaining settlement and part control, believe management gaining “Enstar improved of benefit claims will claims we benefits over from period we results
we delivered book and history, We as basis. X.X% over XXXX, value as adjusted share growth of an June value per that of and continued book growth on XXth have XX-year X.X% in our delivered in consistently year-to-date has
our by quarter, to novation book negatively or our last affected with us these relating to $XXX combined closing growth year-to-date LDTI, impacted noted the impact and the equity standards we Long-Duration value which As retrospectively The equity opening offset impact million. value of by book liabilities, the was was of is required to increase items Contracts, in therefore, new of the neutral. accounting adoption
book However, value equity year-to-date growth value and share in reduced the our opening per of restatement book per share. Adjusted
respectively. of Adjusted value impact the value book would growth XX.X% in per year-to-date book XX.X%, LDTI, and per Excluding share been and share have
with to million. net were loss have Turning pleased billion of transactions other a of RACQ $X.X more transaction, bit reserves highlights, while color, our charge in during asset To provide QBE assumed LPT completed approximately and consideration of a $X.X receiving $XXX our strategic billion, QBE we recording deferred and to we the quarter. the
transaction, $XXX structure million after RACQ net million. execute date, $XXX experience to solutions of for for adjusting for of of and are ability testament our reserves loss of further the These partners exchange For our worldwide. in to as depth jurisdictions the assumed innovative we transactions and claims our consideration paid closing across
remains capital support future transactions. Our position strong to liquidity and
to to mentioned, the Dominic QBE we ratio We ended after continue XXX%, of a remains us group with maintain group at capital unutilized which credit As facility ratio fully solvency a transactions. and past and refinanced this revolving XXXX June our upsized solid we and RACQ allocating May, and solvency available XXth. to
strong conditions, in a market was the XXXX XXXX beyond. of optimistic of second face half it for for challenging first of we Enstar remain the half and conclusion, In and
to the value best-in-class on the long- experts highly our execute continue will right that we As strong are disciplined player, and sheet, balance as ensure team we success approach on our generating shareholders. toward continue of build for legacy additional dominant our our to path and strategy term
your your for and Thank interest continued Enstar. time you in
