for About of from related is you about of and results. period improving in thank equity operating of taxes, in for generally improved property variability non-recurring and of new hear again higher this quarter fair Mike to on the our Good net joining five securities. quarter casualty morning. us reflects was Approximately year a income largely increase in despite times will that in further quarters reflected accounting comment same our eighth three XXXX than more moment. And reflected income by one third growth net third to a to income. the the was growth Net underwriting year’s more related in remaining the requirement results value and combined losses other ago. today ratio growth income catastrophe non-GAAP for The items XX% the changes
was ratio third years. result combined factors, XX.X% the benefits Our year recent this quarter including in points for of several of better ago. X.X of than year the our business is diversifying ongoing And
ratio Our good a commercial line of combined near with experienced segment quarter another XX%.
business. of signs period line year trends was first our a ago. XXXX months paid for nine in percentage The of seeing cost X we’re loss lower commercial improvement of paid for Importantly, same the points ratio than casualty the almost
particularly largely reserves for for While accident some the that currently prudent IBNR maintaining releasing we with years, prior. for of were and a years we’re reserve year XXXX amount line, comfortable accident all XXXX, accident
first average higher the our commercial to including casualty basis. underwriting nine careful X% to were commercial business. growing of continue half take quarter written pricing average the estimated third on XXXX, Overall, of targeting than our line net to business We commercial premium price approach higher month and slowed a lines' actions, slightly increases lines the for growth for
combined year-to-date to lines' this premiums perform continues quarter surplus months double at and below reported and the year. excess low and third It in XX Excess surplus straight digit healthy of the are first XXs. segment Our growing nine ratios of the line quarter XXX%. quarters well range for third combined ratios also and in very is a with rate
were inception Our little personal line by XXX%. levels combined affected remains quarter experiencing Re the Cincinnati catastrophe segment full for losses, significant weather-related ratios in year Cincinnati Re third a of over profitable and to-date.
line a segment experience increases. continued rate to Our rise average in personal
again to better was end range. Both The grow the high a high operations, in the quarters. renewal of XXXX anticipate price single these with that's and quarter our to little underwriting relatively rates, healthy auto accounts average of indicate results report. various increases segment risks. segmentation models Throughout at That needed always areas our we higher renewal average underwriting as and we on business continue we where quarter third than judgment not reflected continue careful obtain is pricing near we higher property-casualty in second personal digit the of future through our policies the of
when with this of benefits However, reported enhance did overall it significantly increases profitability. they price the as combined average our rising renewal can segmentation quarter,
an life year earned at X%. growing with net quarter, also premiums had doubling along insurance outstanding nearly ago, Our subsidiary a income reported
points The primary items. of was X.X before investment points X.X an points, losses Our or ago, the versus contributed of other measure ratio, value of percentage long-term a including performance, X.X% net for third financial XXXX. gains the component year of from quarter improvement creation X.X income nonrecurring
points, a the gains investment point equity X.X from contributed percentage effect offsetting in portfolio. addition, maturity negative In our fixed X.X portfolio
were quarter ongoing areas the and improvement of several for in included results our operations. Our solid
financial aspects Next performance Officer, Financial our and condition. Chief financial highlight important Mike the will Sewell, some of
