Strong Financial Performance
Earnings per share reported at $4.90, a net combined ratio of 64%, and a 22% loss ratio. Total shareholders' equity is $821 million with book value per share increasing more than 50% year-to-date to $63.
Real Estate Success
Greenleaf Capital's three-building campus in Tampa is now fully leased, and a new complex was acquired in Pinellas County, Florida.
Exzeo's IPO Success
Exzeo successfully completed its initial public offering, issuing 8 million shares at $21 per share, netting proceeds of about $155 million.
Policy Assumption from Citizens
Successfully assumed over 47,000 policies from Citizens, representing about $175 million of in-force premium.
Increased Credit Facility
Entered into a new credit facility with Fifth Third Bank, doubling the size from $75 million to $150 million.