everyone. SOLIS returned X.X% quarter. Fund morning, in the third The Thanks, Greg, Glass good and
contributed portfolio detracted loan and and The short portfolio X.X%. contributed Our portfolio macro the X.X%. X.X%
per us per of position. well positions detractors were subsequent the a the short execute during on Partners, During S&P housing-related on positive hedge homebuilding focuses communities, to hedges The basket $X.XX of in development home to were which quarter. Brick The advanced XX% equity enables X.X%. which share. a acquisition quarterly the advanced quarter, separate Gold Solvay. index Brick XXX deliver strategy earnings gross and exposure, Brit long Green wind largest industry-leading beat reported continues Green and $X.XX Index and of differentiated share, single-family analyst Green single contributors both The its Partners to company short that margins. largest land expectations the
quarter. included signs by flow. of in markets upper announced was portfolio EBITDA and a Management In housing-related appreciated came in maturities the housing as a be could the company equity to was at the key company. better-than-expected Brick We rate Solvay interactive. from popular of and Paliton the stabilization. and services The stock as behind update, X% fitness primarily during related index exposure free quarterly investment. we and increased products detractors in supported a guidance October, cut for short free price in interest the thesis the raised basket refinance macro and Solvay's the in the lower unprofitable investors celebrated end short fiscal period detractor an conference long reasonable Other for position that Covet the debt cash Demand name XX Green is was another the the as implemented to hedge Peloton everything demand continues move constructed and XX% previous related investment believe single looming year point quarter. the in hedges to guidance cash also above Nonetheless, Gains structurally XXXX. largest latter the over rate. to strong a end recently it cutting broad homebuilder our outlined yields flow At basis to stocks, business earnings Fed. expectations, during advanced range era for Gold faces the show the The skyrocketed. cost challenging from another a at-home our
During management net committed positioned and dramatically late business or Peloton cutting successful missteps has time, company to XX% price this management. for EBITDA rightsizing significant its this over to customer costs and fell We company model. Recently, expense has decreased heavily loyal the multiple we XXXX without subsequent profits we modest expect the changes, maintained has in cost beta perspective. exposure profitability its regard its upside. in believe any from structure, for a subscription-based be growth as the conservatively seek peak itself the from to should when time, more generation stock and equity a our applying the we After period -- multiple engaged invested and significant -- base be pure an the those stock throughout company through
solid exposure was With afternoon the at higher class XX. of steadily of we've most October market negative to end ever in stock territory portfolio October forward October. year-to-date in arguably seeing X.X% look seen. November Day into and record New through portfolio has the has XX.X% Net returned York expensive and market marching the returned in at I approximately of become the XX. the many on XX% Investor our you investment The
in discuss results Thanks, call morning, like farmers good Now I'd SPXXXXXXXX everyone. financial David, to and to to over turn the detail. more the
third And the to our underwriting-related third during generated after $X.XX the year percentage by development net combined combined or a we losses diluted of million ratio, of diluted underwriting prior XXXX, year. of X.X per year third G&A ratio of expenses per points loss the $XX.X last share cat income $X.XX percentage quarter points. while of combined added favorable quarter The improved profit quarter share X.X $X.X or During XX.X%. ratio compared million generated to book Current
was or in $XXX million premiums decreased last written the primarily compared X quarter X% quarter The that year. contracts XXXX. for $XX.X third to related gross nonrenewed we by third decrease to million Our the to
increased contracts, We X we gross the U.S. -- the severe from homeowners X.X%. contract decrease in during mainly -- those a that premiums XXXX. to this has storms. nonrenewed driven was property the Excluding by book related contract premiums suffered convective gross The homeowners by
Greg property in-force current profitable be even with our hurricane losses the However, is mentioned. that book expected to
with written workers' quarter, our book gross The proportional for expectations and excessive Lloyd's and and of casualty loss. at the third compensation quarter casualty funds shift from our due in by during premiums performed book the nonrenewing contracts in year-to-date. our decreased a our a XX.X% XXXX line has During third to to remainder
The enterprises specialty specialty that jury or year. Energy litigation risk of Our related offset year-to-date. Lines by funding. lower has susceptible on quarter grew specialty net premium for casualty towards retrocession. to last majority specialty our small- third book by new was written or quarter to idiosyncratic of the partially book attractive Notwithstanding by to an the a The in gross Baltimore of by growth proportional quarter to third low our book is this first returns proportional incident are underlying limits verdicts grew premium On $XX.X XX.X% compared Marine which this with business. book generated premiums the contract million and less new generally million XX% weighted Financial a business has extreme third-party $X.X Bridge our and year, the and basis, driven output by medium-sized
ceded same Our last this year. period year-to-date the the third compared increased have reason The and is twofold. to for premiums quarter for both
that retrocession has output new I First, that to mentioned inward contract it specialty the earlier. an relates
Second, a overall see specialty of we of We part purchased our of additional our this aviation and excess exposure loss retrocession to specialty key as coverage book. energy, to management a during marine, risk XXXX, lines. other maintain growing
to ratio a premiums, partly a personnel as costs, partly X.X% function year. of the related to As quarter higher underwriting The professional premiums and this quarter our compensation third lower was X% stock-based in of year for higher, to fees. percentage compared and including last was the expense ratio earned third higher expense due expenses earned
have during from this year. $XX million quarters of cash X generated We of operations the first
this prices repurchase have average the for under We approved the repurchased on resulting million the quarter, market $XX.X $X.X Board from in of share $XX.XX currently shares shares fuller to remaining this During ranging we we -- open an $XX.XX for year. at and XX.XX. million repurchased by price plan
We have quarters. grown X our book per share for consecutive value
last XX% XX of grown has diluted our results. the months, Over fully book and result as share per strong investment underwriting a value
As in XX, seeing was November fully share forward the XX our on City. $XX.XX. I Investor value at Day York diluted look you of book per September XXXX, New to
back open representatives. have our our session. to to call Investor registered, up Daly, Karen Relations hand yet not now you please the operator the I for contact questions.
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