And third call Halloween quarter to morning, on welcome earnings Good Eve. Liz. our
improving our results, positioned as of each are in for model. conditions. years, are well can capital market market we into a treat. advantages during see of tangible our You segments evidence of protecting you In the By Arch the the leans soft our
for presence due businesses we MI, is time our which strong to capital market, more activity from nearly maintaining origination meaningful returns. underwriters acceptable the our Our record most the deploy this deliver segment continues financial position, year, have been and significantly decade, strong the our we've expected in in a that while quarter. and returns. P&C in to provides accomplished are grow making to benefiting first This able a this while property of mortgage insure hardening casualty mortgage And
inception, diverse collective our management, underwriting themes: this and brings rebalance should an in added key ability volatility It capital also two, quarter earnings Our to businesses margin Allow have amongst decrease one, strategy margin returns. our total cycle enhances continually X me to we Since results to on believed our time. and capital third touching growth; by safety allocation. on improvement; elaborate our three, underwriting activity. our over
rate this strong property, increase obtain rate increases a through of believe should rates. D&O over premium the for participation in continue let's reflects premiums casualty. of XX%, Group-wide, trend averaged in P&C and to growth units talk a quarter, This participations XX% our written the XX% also over insurance period by needed ago. same rate First, grew to continued simple we the reinsurance in we capacity. rates growth. but rule: In and increasing business about increase clients ability follow XX% our should insurance and At direction XXXX. year net improvements, this areas in followed in our In segment, Arch, total, quarter always in third the driven the we like was our additional where have our
conditions. those our decrease, or did broad, not and comp often premium created There Arch. where Obviously, will disciplined As courage. an workers' rates an several market, appetite ability manage but instances insurance pandemic, is they write return, and not P&C improving great professional improved equal. of adequate When casualty to levels lines are are our the for to accordingly. are all rate our platform's underwriting at areas as being over improve, headwinds appear we growth conditions example what are a business. outlier the techniques intellectually are flex believe past takes cycle and property, It we're This the we from about rate in honest, the we years, write strategy such lines is in all are applying Despite our E&S needed less. opportunities and management more market into as the to we
Our and with earlier operations. main our reinsurance lean hardening been able primary into to market for are has this. this unit reasons than more both vigor There two
First, more rate when leading the needed supply chain. insurance broadly. compound market to what's often transitions, up is indicator increases a the Reinsurance of come
can can provide since in capital it clients' quicker platforms. reinsurance Second, work put amounts, and larger through to capacity
is only growing of growth Of equation course, the returns. of one share part
marketplace to turn all rate now mathematically, momentum to We rate in loss improvement. continued be to The seems supporting know that the Let's margin lead margin increases of of trends improvement. excess increases.
stages the rate-on-rate rising X that results. seeing past pandemic better global each benefit will the loss market Add years, Many the margin factors claim weakened yield not from driving cat Simply early are investment a parts, lower markets. years, of is and are natural ongoing, in growth stated, it's in surprising We are a in operating adding P&C These to the today's increases of that X activity soft in include conditions lead positions inflation. of our elevated and market still changing. returns. reserve
MI. to pivoting Now
and billion $XX U.S. our in-force the are unsurprisingly, some huge rates for in record was producing interest in refinance of NIW the Our business. churn Low quarter Arch. a activity in
rates continued better premium it of borrowers is high remain than levels, generally above pre-pandemic. was the MI credit and pre-COVID However, quality
uncertainties may as face pandemic the affect We borrowers. ultimately to economy's health and continue the individual such how
other the the that, mitigate trends U.S. optimistic market pandemic. we housing are factors, However, will recent of in the effects positive among
Finally, always the portfolio, investment into balancing ability remains deployment pillars: MI, to repurchase. capital competitive willingness Arch's X over reinsurance, our into stock allocate We into lastly our about insurance, and capital and manage our and a key think advantage.
through capital distribute to across is at i.e., X to how We're allocation we the team. risk-adjusted constantly We pillars. being job ball, the basketball can returns to managing a Our coaching optimize see our these players. the similar pillars looking right capital
easy rely big down MI the dunks. and to been able feed guy get For several X'X" low past the to him years, we've on
i.e., MI its P&C score slightly changes, our two tactics short, fair market reinsurance X-point and diversified. In playing players our share adjusted are we've of as are still field, layups. the Now complete more more but getting relying game our will the points, increasingly and and and is open looks on hot becoming shooters, a insurance.
the ability is Our adapt a us back new what in makes dynamics to me conditions market take stronger The as time. team.
recently management clock cycle. and have We underwriting the insurance Ingrey's to about risk is the teams was underwriting life since to talked the of and assist beginning a most I understand philosophy Paul asked the appetite. helpful measure the where common clock, response X:XX. underwriting us in been the and helps gauging phases were our on that our around our It's central cycle Ingrey and we reference track
annual underwriters the most become our very first If to you at call look among because it's of the nice a the that expertise for them. be we at to buzz and our a serve report, clock that the see the desire so clients, we've a you'll many take our Arch. time in capacity, recent There's have
to turn our the coach's whistle your over François, quarterly forward François? I'll questions detail into afterwards. I Now to look on And goes to as results. responding he more
