Thank and during their We welcome superior have Kinsale well commend to for particular and adapting the we the and on we work want helped to to reported to good is deliver and to call all morning, our you everyone arrangement participating call. to hope employees Kinsale our in this best-in-class especially performance quickly our operator, in and crisis distinguish hard flexibility very so much staying to service Their last country. brokers work remote in the drive efforts continuing night. around and the
COO. Haney, Kinsale's Petrucelli, CFO Joining Brian me on Bryan are today's Kinsale's call and
ratio and operating written first to a of night XX% XX%. increase combined we quarter in premium earnings share per compared reported of the Last XX% a XXXX, in a about increase
quarter. will performance our Our moment. Petrucelli annualized some for in and detail on here was Bryan provide financial addition color the first a ROE XX% operating
to handling market, using operations well Kinsale quarter. our and reduce costs claim served and us E&S underwriting technology absolutely improve strategy of customer focusing and this controlling on service the
shift When to no productivity do model, the so service were we loss to able with and virus home in drop-off from work needed levels. or a hit and to in we quickly
As of are is working all cylinders. business on firing and XX% remotely, our of our employees now,
There about element considerable on is the its amount of to a has coronavirus of subject an and uncertainty. some been industry. the topic commentary P&C and impact evolving This
what or material given at a profitability know point, not the Kinsale’s impact we do believe However, growth. this coronavirus will on we have
virus have management cancellation, surety, reinsurance write to mortgage of exposed following exposure heightened not liability. to losses. liability property, commercial does be allied a that and premises Kinsale liability, any related work the Event could where we may healthcare insurance Specifically, of include comp, areas or lines business losses, credit, trade
focuses industrial processing property occupancies restaurants, commercial I'll Kinsale’s start on facilities, exposures cetera. to with gyms, general, warehouses, the cetera, in et book vacant may shutdown orders. exposed recyclers, government be generally properties, like that theaters, more avoid et property. type We
this operating of the overwhelming our policyholders believe majority during still We are crisis.
exclusions virus direct an our for to specifically coverage all and trigger authorities government orders. precludes from include of arising coverage, policies required which damage all exclusion, shutdown All physical include claims
Kinsale’s coverage below involve the have business is claims. point limit these excess or have property of date, BI either at the commercial do policies To that policy. where not XX we Eight policies income attachment received of all
policies. are point, conditions terms nine exposure and as Kinsale’s that present The subject a in to excess mostly our could to exceeds subject there's to of subject BI remaining to the policies exposure and coverage. complete to zero a policy the policies So, calculation those effect, investigation, possibly attachment these loss
conditions would Again, to date liability coronavirus. areas we or terms for liability the claims. coverage related allied premises the not have preclude in any and liability, most to We received healthcare claims anticipate management policy
Specifically, the excludes allied on coverage disease communicable policy. every healthcare
on and Our book primary accounts and excess, our injury bodily excludes liability D&O both viruses policy. every exclude premises
in receipt circumstances. appropriately we allegations upon coverage proceed course, and the of Of any claim, place, thorough investigation will a the the given conduct and
that company way Regarding the insurance reducing grew and the XX% its first grow in hard industry lines, due the running soft very many broader and a underperforming Kinsale last the impact of of during period dislocation running canceling restructuring Kinsale a period programs, P&C off After the disciplined few raising are anything. cycle, their is expand capacity, prices has companies, off didn't working growth, year canceling on We're thoughts. business, XX% and industry. long to the business a or underwriting within of to margins. lose not principally and books our competition, quarter, standard intense non-standard,
slowdown in to P&C market E&S offset dislocation. the the industry to economic specifically we Any market and contraction, due by an be continuing the expect
coronavirus dislocation expect continue We It's Time this dislocation. will of the of and to this perhaps even XXXX. to adds remainder for possible XXXX even level into tell. the
over turn now call I'll to Petrucelli. Bryan the
