Thank Kathy. you,
results any and than during impressive delivered we on book environment by X.X% These are a including year, just equity gain adjusted increased pandemic. XX%. our about share, value the return deferred particularly and For a per in the more operating
nicely XXXX. contributed results successes financial in quarter fourth these to Our
Our and significant And LAE and written underwriting year in-force declines the the our high. amount ended despite recognized significant ratios. year of premiums we an a reductions policy all-time current in loss, prior favorable loss our in We earned. experienced expense year All and at count experienced development. reserve accident we
Our timing net a remarks. $XXX million, premiums I'll describe were premiums of earned are in Steve year-over-year. increase decrease the let XX% amount earned his function the that of written, associated a primarily premiums and Since the of
combined expenses largely employee higher and general administrative the the $XX reductions a fees decrease result million as concentration rate. $XX were commission From of adjustment XX% to of expenses. of Our previously, versus quarter, to largely year-over-year loss a offset had a decrease for into premiums. reporting decrease were that subject development million, million segment XX% current benefit the respectively. favorable reserve well travel to for $XX spoke is and loss the a loss XX% and Underwriting alternative of segment costs, year a business, ago quarter, professional and a of and which were decrease and due and a X% The of year million Kathy was year-over-year. $X earned The a higher perspective, were prior million decrease XX% expenses expenses ratios its for decrease the in $XX Employers underwriting was by distribution of quarter the partially our Commission decrease premium, year-over-year. the result income as
million of an consistent of quarter Our ago. loss underwriting Cerity its loss a Segment the underwriting had $X for year with
fixed securities quality by favorably after-tax are book of value share reflected end are our Net statement. on and to yields. million to X% unrealized sheet, our million the in fixed which to gains and net due was net our Turning our were $X our duration At per contributed X.X tax impacted other investment decrease from gain bond quarter of balance represented from $XX quarter. unrealized XX%. A+ investments. gains portfolio. investment of million The quarter, other down of credit which income equity investments, of increase unrealized this including income and gains a maturities and our after nearly investments average lower investment the securities on deferred reflected for and primarily an These securities, $XX the total X% maturity equity, We was had
quarter, price average price an we have of common an our million and per of additional of we XXXX $XX of share $XX During share, million repurchased our an at $XX.XX the in average per at common stock stock far $XX.XX. repurchased thus
repurchase on stockholders March currently I'll which of Our Xrd. per remaining Board now Yesterday, declared as share of of Steve. over XXXX authority share, payable $X.XX dividend March stands $XX to quarter the the at million. turn call is XXth first And a record of Directors
