our results. and for to you more joining thank morning, about today Good us hear
agencies value dedicated clients show over months as progress our their and making operating to our the we pleased with the provide metrics through associates. service deliver quarter outstanding time work first We for the to shareholders we to to of are and third and year. Several performance X are
weather. improve, volatility to continues absent severe the ratio combined by caused Our
We precision risk claims the are care. our tirelessly devastation segmentation improved with pricing underwriters strong on bolstered working deliver associates our communities basis. particular, heartbreaking, and a empathy Hurricane superior and another premium on growth, had quarter by policy-by-policy service While to inflicted is of in Helene by
$XXX we another degree typical executed driven the to will for fair addition of in quarter after-tax on growth, of an larger income $XXX rebalancing $XXX Net after-tax held. from increase million securities basis by for investment for quarter. of portfolio in Non-GAAP million third $XX financial million still income produce that was value both million a an increase XXXX quarter the long-term year investment In We included of catastrophe believe down million of ago, income effort third a to quarter a the $XX with and near-term benefits. recognition nice than equity operating losses.
percentage Our casualty combined higher XX.X% was X.X last for third third and catastrophe included points XXXX losses. property quarter an the increase points ratio of X.X of quarter than year
catastrophe points ratio and basis. points was year X-month XXXX Our by with the year XXXX for X.X compared before X.X combined better a percentage XX.X% accident accident improved losses third quarter on
agencies where premium a appoint appropriate We another opportunities. Cincinnati business and quarter we is believe produced representing we identify of Insurance again for of we continue us, new growth. profitable robust had Agencies amount what to expansion
year. average renewal average segmentation incrementally profitability. underwriting third with quarter price Our this increases plus improve the help by improved pricing underwriters second price to our with the use selection along risk Estimated of quarter risk for careful increases, compared
remained percentage single-digit moved high in surplus Commercial excess the a single-digit range. lines range higher in lines and little and the high
range. the little high in with single-digit and moved Our Personal homeowner in low auto Lines the segment double-digit also range higher, a personal
new written consolidated XX% casualty renewal business and Our quarter, premiums XX% agency including the property premiums growth for in grew net in XX% premiums.
an grew I'll points including catastrophe quarter excellent net profitability market net XX.X% compared middle ago. underwriting focus by XX% ratio clients. by premiums year points with lower on comment premium growth next last was Insurance agency's XXX.X%, Lines improved X.X than I losses. grew with catastrophe including by increase Its written a the points, X.X performance Lines our from an XX%, percentage segment, combined and from Commercial third net accounts combined growth on XX.X written that XX.X Client and As Personal ratio high percentage worth in points higher business year, losses. higher Cincinnati for driven of Private premiums
ratio Lines Surplus a premiums XX.X%. combined net and Excess of with written XX% grew
profitable due losses again reserve reflect and prior ago Cincinnati efforts While on amount that's and income and improve stability. to so modest continue our it's Cincinnati were a to still profitable, catastrophe development a than of Re Global quite less accident to risk further unfavorable and year higher Both years. diversify
a XX% Helene. Cincinnati Cincinnati Hurricane for the third Re written X-month with had reported included XX.X% net its profitable was combined for Global's to XX.X%. a $XX $XX growth an written premiums net catastrophe Re million quarter combined the XXXX grew in ratio losses, of Cincinnati million bringing premiums. third ratio The quarter and outstanding X% ratio XX.X% for very approximately combined quarter
Our life insurance and quarter, net earned insurance life $XX income million of premium profitable subsidiary had growth including term another of X%.
prepared my estimated I'd on like remarks, briefly to effects comment of results. fourth Hurricane on the close I quarter Milton Before
applicable than between any Cincinnati million by net direct more for While million, early, recoveries. estimate it's less incurred represents of million the that Cincinnati than losses we half. total represents and losses our pretax Company still reinsurance Re estimate, while Catastrophe $XX written of $XX Insurance business will $XXX
creation primary conclude value long-term measure of I'll the with as usual performance, Now financial ratio. our
gains for Our investment VCR valuation and of X.X%. third other items was overall our contributed before quarter losses total bringing Higher the X.X%. quarter portfolio to XX.X%. contributed excellent X.X% XXXX the an investment income X-month Net or
will some financial of highlight additional aspects our Chief Next, Mike Officer, performance. Financial Sewell,