Thank you, Jeff.
underwriting the discipline and reflects few believe we our we've the plans the We're improvement strategies bottom both significant fourth very the pleased line XXXX that over full in our that executing performance and of the action past with quarter the to for been years. year transform
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XXXX, commercial to of million and Maine in begin lines represent premium. which New During policies than less will all together nonrenew $X we Hampshire,
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institutionalize underwriting to measures continue We to our improve other discipline. designed
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than These initiatives but the level quarter to for of full XX.X% resulted lower XXXX planned for historical of retention, the similar in retention XX.X% a and levels year, of average. our
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pause personal lines our commercial over effort our in new was to the in return factors XX% capacity allow an business to which those lines our of down and to to to accelerate year increase time. was full of One strategy for business, profitability
decision a nonrenew the direct Another December in policy in state count. factor of X.X% force to decrease reduction year-end. the our September prone of personal reduction severe exposures XX.X% to which The weather. the XX, compared at in intentional result one policies accounted was began in XXXX, accelerated This the was of prior for to was business areas number rate legacy an down of lines of our in of subsidiaries Maryland, in and of
our net premiums the continue XXXX. of runoff approximately of suppress growth through in-force $XX will million lines August written remaining in the expect to We personal premiums of
expect increase We grow beginning the in targeted fashion our desiring the of business half footprint personal of lines to personal returns. a to achievement our book measured new amount lines XXXX, latter in across ensuring slowly targeted of the writings very while
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and premium increases lines We late began segment. now expansion in seeing personal rate margin earned increases implementing exceeding at loss for significant the XXXX premium resulting costs, in levels are
overall additional as rate business lines believe personal While to essentially in lines we we continue are adequate we of and rate states will of needed. our for business, take
and year premiums the to XX.X% to increases fire large Our rate XXX.X% quarter compared I mentioned personal impacts. earned the the profitability for of for weather ratio as just higher lines as prior the attributed quarter. more was from enhanced statutory fourth XXXX combined favorable loss well We
primarily by the offset fourth loss point a ratio loss points ratio, partially XX.X the reserve quarter. improvement the in unfavorable prior net XX.X from core auto, driven quarter by personal XXXX, year the decreased development of For in
book core auto, business. to are is physical The systemic ratio commercial underlying improvement performance longer-term generally the Furthermore, in loss trend improvement liability the auto and lines. of of similar trends indication an following of the damage
quarter, prior improved X.X fire loss ratio improvement core ratio the as the frequency fourth improvement and a quarter in loss the a X.X improvement homeowners year point of losses primarily for lower point XX-point points in a The losses, weather-related large from severity. result by XX.X a in and driven
similar reserve was net modest a There development. year prior
offensive is the our of optimize to of part lines diversification footprint our calls, of benefit. past geographic spread property in shared strategy diversify book homeowners personal in our As risk to
We've or favorable where grow force looking identified down this strategy impact will time. counties this XXXX, execute results concentrations. our to the targeted level effectively believe on to In county successfully by yield in over we're exposures shrink reduced policies strategy. exposure to for reduced over XX% on we ongoing We in
highlighted action believe the my the we achieved in the and we both I was disciplined direct plans initiatives personal to discipline lines implemented of throughout As progress over years. strategic few commentary, we've past and our the enhance commercial our across result XXXX underwriting
over I'll turn DeLamater. call Dan to the that, With Dan?
