detail, quarter results will everyone, the our This provide update an overview as call. first on Good questions. morning, initiatives. in Overall, we we’ll review returns and in for the first produce well you to execution have strong Oksana. an dynamic financials the then ability Jeff you, made of line marketplace. I will in morning, the open our as our Thank our a and quarter are thank with of we joining our strategic and progress pleased for your
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actions, specific these X.X%. Excluding premium our was growth overall
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variability some results story Second, a our between property positive loss were with overall lines.
despite quarter year not significantly catastrophes in an our were elevated accident footprint. active Our geographic catastrophe first quarter
certain recoveries our catastrophe we unit, favorable with related activity same rights including subrogation associated in the catastrophe large million for the Industrial development sustained HSI, wildfires. XXXX At to expected time, the losses. sell California particularly $XX.X recorded of severe Specialty and loss Property XXXX agreement prior year also to We an two
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expected call, quarter. impact on had As on actions noted these a growth our the and as last earnings in negative
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president the Small to with team build channel growth agent concert to growth we we value continued Surplus leadership further our middle to Lines market first the with in quarter, out quarter, a during business and new drive teams. opportunities our Excess Specialty Additionally, the In and enhance on & focus accelerate our Commercial our in appointed our retail our of partners.
fill our made our These strengthen goal surety in the talent Surety leveraged have investments the talent series our our role internal Specialty we of the enhancements commitment addition, year to in round with out to businesses. a space. President last In over open
also our continue to innovation drive across core competencies. We
our ratios. in higher data We satisfaction, which customer loss capabilities, improved and and efficiencies are investing lead operational analytics to
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we positioned are forward of the XXXX. second into We as well quarter move
profitable on in innovation executing our on growth in invest strategy are goals. our financial to deliver long-term to drive our to We most and businesses,
President’s approximately that revenue. I $X I top to billion where partners Jeff, agent our annual Before briefly talk the we of over our recent gathering, XXX Club company’s represent hosted our turn approximately call about to of would like
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