Thank our to I'll Officer with our and Chief Copeland, you, investor CEO, spend morning, today our call. CFO; are Sarah, and Kevin, turn and everyone, get Investor also Relations. Myron, call about well Doran, talking Head and the of as Sarah Kevin me Bob welcome some good and and I'm Investment quarter results one specifics I'll segments, on results to each operations. your then for questions. today our of to as we'll overall over our time and some then both the
on history. $XX.X to We return for is after-tax equity of million The in income of great our operating we've are the the year. had XX-year a annualized tangible off the best one and XX.X% start quarters
two growth items the There XX.X% underwriting rest focusing for good year. We combined where segments, our were three in that well results growth U.S. a of efforts. of our which insurance had with bode are strong is all overall. the many at primary of we underwriting are note Our in our profits ratio segments
growing tangible as am great Our equity, the while out book $XX.XX at leverage the producing to months, manage about to from continuing same share franchise. particularly of and I our return expense per nearly pay X% is of carefully time continue $XX.XX XX.X% tangible to get pleased ratio a in we three on market-leading expenses great last value dividend. a
the now into the in but we a from in in whole of on I'll wrote market. admitted me quarter division In largest segments percentage flow the submissions quarter, received renewals renewal increase the renewal our and XX,XXX highest habitational wholesale were our X% with in XX.X strong couple the strong submissions. admitted where we we seeing that about our have on flowing of example is amounts an from E&S give was tell segment, our core of XX% which market the our casualty the continued quarter the business and individually. the story. about being nonrenewed quarter, years. brokers three up pricing Let up economy, Pricing new E&S doesn't the This a business the are E&S year-over-year, of the excellent have market. business, in class in In risks we we over in each last talk the and quarterly growing had reflects relationships submissions U.S. general meaningful
increase deductible form and on The of coverage the a tighter first it quarter, wrote received premium, $XX,XXX we the policy. one the we wrote a expiring in XXX% expiring on for the same
Virginia; a no account well Alpharetta, Arizona; Scottsdale, locations. XX% premium in E&S we to tighter with remote and relative one where previously three few segment, the our deductible. a Georgia; staff on a in offices: the form increase had with wrote price as underwriting as our In $X,XXX deductible, a are The coverage second people expiring Richmond,
the headcount this help had of expertise additional level number in talent area We to the flow. we strong currently at to great Segment highest underwriting submission in in looking working staff a strong as with history, persons our segment. is subject us find XXX we we a total bench underwriting have work in manager this and of are the have and This at Under through growing well division below our President, matter deep Schmitzer, as levels and that. Richard have continually
last segment, million. came little XXXX, the XXXX company the a the when fantastic. substantially which the our note, in have managers Commercial than high continuity back have of book premiums business core is which in so that million We written division year had group. largest we at gross we have $XXX represented It's less group Auto, $XXX from years our to ago, same wrote that nine our when we E&S exceeds previous Of of of cyclical excludes I whole
With see forward As going and year, flow to submission strength $XXX our division was of E&S, the in growth premiums. Auto in up gross With the but in growth of our XX%. gross great Health written our profitable which fine, were for last to Allied X% opportunities our division, our written Commercial premiums this was strong premium growth core -- up E&S. written franchise, gross ex core we respect was going million to are quarter, continue of core
We six the well hardening done E&S casualty excess small rate namely, growth in for account last business from Schmitzer XX for over and quarters general the got which significant seeing in casualty, increases. are the divisions, future. the ago that Health casualty, market ongoing the that contractors, substantial was have we business recall E&S we XX%, in admitted up largest You had managing our manufacturers elsewhere, in three well market and a and and a been years. that us XX% this driven particular, we quarter, extremely up feel last growth continuing. job we so for which core QX poised strong which was But flow Richard XX%. was great segment year up may bodes or This in by has Allied in the
in E&S, and our with within is over in division client. from our was written premiums about of Commercial Now the the XXXX Auto largest February Auto a contract This which of XX%. client. majority year's with January few growth grew one previous the quarter, In principally comments Commercial
said have we we premiums this have March Xst in contract written forward, gross written net. XXXX place behind this risk. written in Xst growth $XXX reinsurance premiums. to XX-month us term that will for incepting gross From contract any the $XXX March on quota the but renews be projected policy million much million reason share year. $XXX difference of X, we March net on The and before, is million million given The $XXX approximate As growth for the premiums not is
are that and the share to risk flexibility and the in are of We opportunity the client E&S two territories have very our from of happy paper states our The been insuring. with the we received has relationship client. very a to XX larger important the
three largest parts is client improvements to our service have with based Claim servicing claims and Our account of the we all best claims is account is offices, staff but that ability to this laurels. every doesn't rest with technology. the and of most work to important to in to We Richmond, relationship handle our our of history hard to continues Raleigh. this client. the servicing strong, ability our account the own to cause one over the service us this years service central who this XXX for our of account And day relationship the had dedicated be headcount constant are as make Scottsdale levels using of six to this people. seek We on and to
these handling We appropriate technology making are use leading-edge in claims. claims of
a our also state. key the account have our all tenet we administrators been We per said claims the the Rates of continue loss activity. X% see risk expansion were of all comp, workers' to We strong relationship other few comes into about which client's XX% going margins Also in economic and risk TPAs. were handle client compensation half This in or from with a handling. use third-party back continued a priced to telematics that when workers' XXXX. were access it growth down to to individual relationships, is down XX%. claims and only Submissions remain our up benign Specialty we mile segment, modest we continued basis as has don't business, by Admitted way reflects this beginning states. about In probably before, the agency as grew on individual but to strong
of calculated quota excess fronted The our This largest fronting which were and California-based our You our business few and We Atlas, behind division, may books XX% new in on of XX% produces MGA. a is in that from reinsure continues and by the submission to with line modest buy on and premiums written perspective reinsurers. continues ago. year production business not expectations. resulting support produced that we expansion well A this share remember increase was which quota to to excess fronted the -- reinsurance by grew share perform a and loss we In of a and has to gross comments be XX%. opportunity. this because treaty flow on contract deals helped us, in transaction,
successful and Atlas. with long a relationship had has group Our
Of claims of it two Otherwise, relationships in to MGA slice our million fronting and written X a transactions. we underwriting continuing transactions operations. and and of this $XX gross time, each annum. underwriting guidelines audits on take all transactions This and work renews the April, MGA fronted and we new of we do we which oversight underwriting $XX of closely note, premium collaboratively that with per through to million renew we wrote year, risk, While premium June we both again. both with we this watch between frequent own to in expect count small are staff like and and contract deliver at grow employed, include other expect and
whatsoever. for We reinsured that this and is first any property risk are which pleased will XXX% property be for these deals division, are business, both report without tail to a of
opportunities, show While McCafferty, the will new the growth, seeing top a all deals these are than strong through up likely we may has of which so income pipeline are rather transactions that premium, premium President, Otherwise, we Terry a Specialty fee will prospective register growth Admitted of our while as shrunk also of commissions modest line. represent so result Segment segment about. expectations. in the top our this amount line In sliding much the adverse this, was combined ratio segment, modest with that did We have net we an Re development XX.X% ceding underwriting and still absorbed the in scale line our in quarter, Casualty profit. of segment optimistic a amount a
gross written over XX% be premiums year E&S increases. get cedings XX% between full The underlying positive to and in expected will be business rate the to our exposure For up as is XXXX, flat book XXXX.
we and pricing got the pricing let increase Re, terms With In rate in the our CFO. renewals. increases to underlying of reinsurance X% X%, turn that, Doran, for me call of saw Casualty over business Sarah about upon
