Jeff, and welcome, Thanks, everyone.
recovery progress are at excellent Donegal the operational conditions of over our number in the We a financial to as implemented we of businesses continuation economic are three-years benefit of initiatives in changes of the in past and strategic quarter Our results making our regional from past over first insure recover throughout Many contributing to for XXXX to the the markets are we we believe from areas. we improved pandemic solid position XXXX demonstrated the continue XX-months. results. a the
investments technology made and in analytical have We significant capabilities.
our our X.X% prior the growth during consolidated compared large net lines contributor operating the of to fire higher-than-anticipated year for million severe was for our quarter. a of XXXX. to favorably from strong securities continue quarter. XXXX. our ratio of per business written per preparing our in gain XXXX, largest first income our the in of and A March for Southwestern in losses favorably deployment diluted quarter that the prior new premiums this $X.X the of income $X.XX the Commercial and share have of four segment. of net on first common of The underwriting common to a to quarter $X.XX stock. level are market-to-market growth states achieved The diluted conditions driven compares increase the or $X.X several held Class on We achieved commercial Donegal, across the we personal of revenues reported quarter we inclusion by of XX.X% XX, of growth loss with compared weather the with despite to country, In Donegal unusually income products, premium commercial or year growth factors, profitability We Lines period. XXXX, The XXXX for the we this first case lines of $XX.X million equity was reported for including combined net market-to-market We the substantial our share XX.X%. a stock Class in net A of net million net
allocation largest results Insurance Company of insurance previously, Group Mutual Group As States of announced Donegal States which a XXXX. an became acquisition Mountain Company, our in Insurance of XX% the part through Atlantic began Donegal underwriting receive back Insurance we subsidiary, Insurance to
We premiums written expect written XXXX, consolidated States that approximately will in included the which of throughout $XX $XX XX% our be net Mountain in Insurance in generate million million net to Group premiums year. will
We achieved gains obtain due opportunities that premium to and rate in growth also increases to share rate all expect capitalize conditions. commercial lines on increases market contributed of our favorable market to to and additional
opportunities few business, years substantial line of nearing adequacy have commercial we our rate metrics increases. increases agents premium are closely as us over monitoring new In will the renewal levels implementing market been and continue are to our accounts we business. our believe higher multi-peril renewal rate line provide continue write in and We the of to auto that pricing in to believe of we past growth allow where commercial in
working to remote agency with environments inherent despite been have to We upon working our continue decentralized well-established challenges build the office arrangements. network and
we cultivate driver to We continue relationships as of our commercial our growth opportunities independent months expect continue present to to distribution the principal view personally channel and agency and and in additional to a to themselves interact forward-looking confident strategy market the relationships agency commitment lines. strong further these commercial our ahead. observing, with as agents Overall, that we for fits the feel our weeks particularly trends very coming perfectly are with
served. to agency geographic the serve market classes expanding within have with the have business us a future. our Donegal’s opportunities ample the expanded along believe capabilities grow relationships, lines diversity, commercial broader historically will help to we segment with provide product commercial We profitably foreseeable We our in of of and
products emphasize launch we the our Moving year. sustainable to of new personal personal of lines; profitability later growth our over declined as this lines net to premiums written X.X% anticipation in continue
partnering expect we of serving stability the new segment return continuing advice their independent Personal who of into year results states of overall can in responsive our value trusted XXXX. later Lines with recognize this segment we in a lines growth customers serve is by grow profitable our deliver a personal of who book focusing are We that the to agent targeted and from and a products and feel our the level agent and begin to highly a out modest local support to of roll on regional and nearing level communities. We of desire to protection targeted beginning XX as that business carrier market,
While offerings. models the extent our pricing data application various analytical products and will including new include advantages to coverage enhanced targeted will rating that our a leverage expect primary enhancements to much the methodology, predictive than current product external segmentation customers, of pricing that our to relate greater appeal we modernized
and independent we believe agents. look through for to remain sound personalized our In accounts new we quality As products forward committed more effectively these summary, we pricing capabilities, introduce to new closely is competing and our market to underwriting to pricing best-in-class which deliver in agents discipline with gains and share our service, further regions. achieving customer key independent geographic working a we
strategies sustained and modernizing executing excellent strategically customers. financial with that on and business agency our delivering on experience priorities performance, are to a capitalizing our of transform processes grow operations business, to superior profitably and our achieving We opportunities
increased X% share, to we on With within results, XXXX, that as $X.XXXX value Class execute December income common increase period. rates due price $XX.XX unrealized we at rate cash then in over all pleased current a to common that, turn available-for-sale of of the to financial the B will a I per our X.X% per The of for our a reflected per few our of strategies $XX.X our raise and Thank the grow dividend maturity record regular dividends which for review quarterly dividend was Class As X, our benefit We payable during share Class March expect XXXX, the XX, I our the an yield XX, book Group return close quarterly XXXX. remarks. are from XX, dividend stockholders. these you. net A our increase May also of fixed successfully cash per of we $X.XX of of A increased common book call and quarter, on stockholders closing To partially end, Donegal our The to interest business next market on with XXXX. of the to value yesterday’s at share stock. stock for $XX.XX to for the our portfolio our offset to losses Based stock closing May will Jeff by were by represents quarterly share. continue of to
