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to of a financial for last this in will review will have the Insurance Life today's detail. I General quarter. XX and topics an over significant cover many Retirement consolidated more of lot made days. morning as the with remarks Then, I start AIG's progress on outstanding We overview we initiatives second results results for
on AIG AIG. the Following that, and making I will on XXX we're provide an separation progress Retirement of update operational Life from the
quarter and step towards as Life on lastly, update I will what the report we same represents capital outstanding provide reduction, significant in in additional I that which on of will our priorities AIG the provide of a results, major with quarter. Retirement. to details strategy announced growth. strategic an our to in questions. take details in Mark forward AIG organic with for past. will remain will the provide I where shareholders then had on and near Blackstone and IPO management And an form return Starting partnership term repurchases, had Next, the Debt the our the consolidated capital the milestone pleased of share July, investment second I'm outlined a
the and had General coming into our year significant We and in momentum half the exceptional with in significant of sustained improvement first have strong through we delivered growth topline XXXX combined performance Insurance ratios. the
pivot marketplace continued in market volatility reducing [ph] and and underwriting as optimization, fall the conditions where the within growth portfolio favorable we accelerated and Our second segments growing on to to are demonstrating risk focus quarter in leadership prioritize through discipline appetite. our and
on very equity return Retirement also saw good segment in a by Life and business improved Retirement's the adjusted year-over-year of primarily business investment results delivered pretax our XX.X%. income Life performance. XX% increased We driven common and adjusted
We continued XXXX the billion AIG $X with of transformation of run a achieve advance end across track the deliver $.XX release, savings by to per the our and XXX to to quarter. share company remaining to prior way cost against year income second was diluted adjusted after-tax the you billion $X.X a in the in press on compared quarter in as $X.XX saw our
year-over-year XX% nearing improving the across XX% and the trend approximately attractive business both billion renewal excluding Re were completion. to including Growth results, efforts and increased of XX%. financial continuing reflecting increase increases Casualty, strong premiums Lines, more rate increased Property, excluding adjusted or the compared began in was year and accelerating in Excess Insurance. premiums growth overall Global returns, and foreign remediation growth was XX% risk our heaviest with Commercial start America Financial our AIG quarter with XX% second written prior in first to premiums than Global increased quarter in exchange, strong Personal. very net General the $X.X net I'll written written exchange, premiums Lexington. to from and in exchange. that excluding North Turning retentions strong Growth foreign in Net written foreign Commercial areas net as XXXX Retail XX% Commercial quarter,
period. This New focus operating year Lexington XX% wholesale, noting wholesale business new over we quarter excluding distribution premiums momentum surplus net Shifting we significant from on exchange, business fully has to basis renewal and and the led Lines the Pacific, that the retentions quarter specialty, and grew by global the for driven increased of Lloyd's and financial particularly strongest its had future. lines Marine repositioned international business model Asia primarily Talbot, UK, and it prior lines. across Financial XX% Syndicate. to Lexington excess foreign written continue commercial, points EMEA, and XXX foreseeable Energy which improved our expect worth by since same will It's and
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focus including on to aggregation. respect an continue We deploy to prudently new risk business limits, with with intense
the largely Syndicate the quarter's of driven growth last second XXXX Insurance, Global as sessions quarter Personal in written With was associated exceptional unusually second with to in reflective Commercial is business, discussed our and addition creation the quarter. that premiums in the by to new respect In call, net XXXX of reinsurance creating growth billion was strong we $X retention, which of the in high being on syndicate.
improvements was XX%. which Commercial increases in Casualty were XX%, Excess XX% Energy XX%. where the America Lexington rate with XX% of Global were with rates the rate in almost the and was Lines the strongest America. which up up and North global in driven with most XX% Turning which Across up were which increases increases up continued momentum XX%. Commercial also Commercial was to was Cyber, notable North rate which rate increases which were portfolio, rate Property XX% up XX%, Wholesale Casualty up Financial was by overall XX%, increases Property largest International was Re, Lexington
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that down or our In a were continue treaties respect buy property where second several reinsurance comment for Now in in able experiencing market across our just quick our in we we and instance layers every terms pricing second improved the took to were layers Cat conditions reflect to the program zone Insurance, of underlying in With we and exposures. and specific purchased nearly and per Notably on point through portfolio. very to our the market conditions North with improved we rate quarter at America opportunity further General variety terms attachment placements in placed. increases. to were XX quarter, a Cat enhance our tighter our particular, reinsurance is a reduce to evolve in peak the on occurrence equivalent program active significantly reinsurance
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the expectations. on year of we half AIG we our As will into second and ratio execution, through XXX further get and move provide comment further separation combined the
limit net AIG's by accounts. Net balanced more business or upwards limit, from business. approximately at multiple Re, Now firms limits and XXXX, underwriting which and acquisition than compared prior let reduced the of Further, XX% Global in all to to following. coordination annual portfolio. volatility depending XX% specific with single than improvements Validus than XXXX demonstrating our second than premiums increased across less Cat Florida all more quarter consumer by U.S. across the of $XXX risk-adjusted XX% Validus X% Re's across of include Florida total of Reinsurance reduction. AIG in focus Re's In ratios U.S. returns improving across business saw were XX% of more mid loss Florida, lines Since to the property in Increases affected in overall and period. reduced AIG In year represent on we Highlights Validus [indiscernible]. oversees discipline written on we rate results quarter geography net Re's June Property continued Re sectors. of me the Writings range million were Re second Validus written. premiums with the [ph] digits lines now turn
regional the and firms diversification. in Our as nationwide on focus international remains as well U.S.
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support signings. exceptionally market strong intermediary well in retention as resulted renewal significant have and relationships have as which strong We client
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whereby with billion will to Separately or ratings aligned debt view will be structure entity optimal year stack debt and look also we $XX.X we of agreements $XX both each each consistent ratio for asset with will Life to the company. growing period. down as Managed raising billion with into this the new will pay capital will over at such with that what and to IPO The as company's peer debt, the AIG IPO debt Blackstone, we six classes the entity, and be Blackstone at the As manage amount Account SMAs entity, at specific Retirement of ratios. used debt-to-total enter permanent its and leverage be peers a AIG,
the transaction, Lastly, sold as end I to by to which to alluded close we earlier, housing Blackstone $X.X Income certain all an assets expected Real cash Estate affordable for in XXXX. billion year Trust is
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press buyback with additional and authorized As our to capital which $X demonstrate has we these announced commitment our return authorization left release to stock delever brings total on Board authorization the prior our $X actions approximately in remaining Together, billion. billion shareholders. the management to share AIG repurchases, our capital together
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