Strong Return on Equity and Combined Ratio
Achieved a 20.5% return on average equity and a 90.6% combined ratio for the quarter.
Voluntary Premium Growth
Voluntary premiums on policies written in the quarter grew 10.6%. Gross premiums written grew 7.2% and net earned grew 6.2% over the third quarter of 2024.
Favorable Reserve Development
Experienced $8.9 million of favorable reserve development on prior accident years, primarily accident years 2020 and prior.
Dividend Announcement
Declared both a regular quarterly dividend of $0.39 per share and a $1 special dividend.
Book Value Per Share Increase
Book value per share increased to $14.47, up 7.1% year-to-date.