Good Tom. everyone. morning, Thanks,
reminds than people written willingness we A the Tom across-the-board creates of worst hallmark still In increases, mentioned, more than with up for of in ratio ended some markets, portfolio the XX% some our our we parts the uncooperative our in for year, gross is underwriting market, little specialty our RLI. but also market, of than are in businesses As combined rate in those this present competitors reporting discipline quarter, years. of profit to to of year a XXnd property improvement of catastrophe and XX opportunities able do XX underperforming experiencing think underwriting top that the grow complete exits position who breadth able premium selection. on are our year keep while do given despite at that of better we diversified their act year portfolio opportunities a an line We a footprint, to intensely are most. We good with who in order, most and to to consecutive And top-line a repositioning inclusive skilled and casualty. were good overall, see X% of quickly underwriting address some our quarter. some momentum, moving more In trying achieve We the lot products. themselves. for we that very which the were
casualty, for quarter detail by me a more segment. while posting we provide In ratio. XX% combined XXX little Let were a up the
finished The which well fourth year. full across In double-digit benefited up we including last this XX. of our line business unit. in we Transportation and year rate X% as repositioning quarter, of from realized increases, our of transportation the a year, continued market the growth fourth quarter quarter disruption. completed For top products, unit combined all consecutive of as began of major the our its
that down for year, half to grow able for quarter, transportation being was Although rate-driven. the the about with XX% XX% of growth
rate product, very important also distribution. growth our on moderate cyber continued to of past half of have and achieve liability, us, from healthcare, for Overall, benefiting and and to good in talked for our large products personal quarters, investments make portion classes. umbrella liability. for year, growth about to saw easier efforts expand about some authority, it customers came the increases our as have relationships the with business as grew binding producers They which X% that build do also in able is systems a been renewed from quarter, we note energy well quarter, it that including of the to growth casualty new We in and targeted out to
of Insurance, a Prime we with share quota stake. our also equity in significantly have which grown have we addition, In minority
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More seem challenges. the be environment, to Moving overall stable had in more areas automobile-related to achieved is rate and that slightly profitability rate have to casualty. rates other products improving being in
not yet. or our liability are as the rate products of improvement seeing We of products E&S a in lot management
outward Finally, X/X. on we largest did reinsurance place treaty casualty our
in from umbrella combined did stayed in XX increase, coming pay Our an line we same. a severity We our of a fires. was retentions and effectively ratio low aggregate, off the with X% California the and single-digit more rate result products. transportation as increased and impact some were while two-year a the quarter top very a the little structures In for property, little reporting personal up deal
with on being and loss we For reported by quarter. last driven the ratio, XXX the combined hurricanes down year, top finished the X% a underlying line
this and grew hurricane still The customers for year. I helping recreational segment And a estimates thank reported these reinsurance for and already. Our year; claims exits want our vehicle $XX X% catastrophe treaty million the property resolve fill the are our products, to excluding of claims holding. hole left nearly team to of half the
For and growth across the the we major quarter homeowners. products, all marine the including and commercial in the year, Hawaii realized property
We rates moving finding the some opportunity in direction. as are market our are
write increases [Technical in rate our levels wind easier realized Difficulty] we the renewal quarter, to and at need. on it For the found new business underwriters
disarray and that as incumbent is While cost, year, catastrophe we still earthquake more renewal of The market bit was find business and pricing of competitive losses revisions. classes did property little new we reinsurance support a around in large in a down, that markets model like, indiscriminate their this we a as continued result were were mandates. rate uncertainty on some of
property X/X. our and we did treaties per-risk place Finally, catastrophe it on
property losses of as over the more the and last activity per fire pay that increased did For large hit treaty result year. risk, a we of the wind related
was Our catastrophe both renewed a exposures so little approximately Limits catastrophe on million flat about remain treaties. spending grown we're $X at retentions have since rates. treaty same But last overall more. the renewal, and
Our the quarter of X% was off ratio XX. while for a surety line segment's top posting combined
new For was the combined segment was casualty property in year, ratio. X% products. by but outstanding, offset was by post and to impacted and a book was line off this where were our the top our segment in a on XX the results helped The catastrophes, year surety underlying impacted investments able
energy products for good example year could exit demonstrate an and programs accounts shrink did major our our of risk you still line, that of top the -- and where quarter grow four a of the reported year. and commercial, appetite. no met -- This contract, some profit miscellaneous, We longer underwriting profits. was All discipline, surety and
We game Obviously, some lot for they good discipline, and higher principals. our to well by measure provisions, and maintaining of reestablished. standard support the underwriting a is out consolidation for momentum technology to of most Overall, stay value and with a larger indemnification some loosening in to a it's lost some better remain as perspective appetite; it and quarter we new decent the from sureties. credit capabilities. our determine for we potential is on unrealized result standards, terms, still investing people, is a continue an products, underwriting stalwart service, at continue steadfast order our industry. as to We'll our than underwriters end long-term the market a irrationally differentiate of and plan the to excellence behaving adding sit see underwriting This rates. greatness, can't of ended of We year what also a we but headwinds. the The a We RLI given not embrace business us consistent shrink and when represents until in the challenge. new and people, can focused in top-line future. that control, year, for expanded Overall,
continuing This tax signs that greater particularly even of spur back to thank economic business, We boon it and growth, RLI impacts will associates bar, to could deliver the for to which is to a industry full be you. want to are improving. for And the also our positively willingness turn that to if Thank our realize raise potential. hopeful I their will reform I'll lead that insurance demand. it construction seeing already results and all the stretch Aaron.
