Strong Operating ROE and Book Value Growth
Operating ROE was 18%, and book value grew 21% to a record $843 million.
Significant Growth in Surety and Warranty
Surety gross premiums written grew 61%, and warranty premiums grew 39%.
Expansion in U.S. Programs
Admitted business in the U.S. now contributes more than $150 million in premium, setting a record quarter.
Investment Portfolio Performance
Investment portfolio increased to $1.6 billion, generating $18.9 million in interest and dividend income, up 12% over last year.
EPS and Book Value Per Share Growth
Operating EPS grew 6.2% over the prior year, contributing to a 7.2% increase in book value per share for the year-to-date period.