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New words:
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Financial report summary
?Management Discussion
- •Rate filings and automatic policy inflation adjustments to policy insured values are increasing written and earned premium as the new rates and property insured values take effect on policy renewals and new business, and earn prospectively over the policy period.
- •Management is continuing its efforts to prudently manage new business risk selection and improve risk exposure diversification, while rate increases are taking effect to improve profitability. Management has revised new business binding guidelines to facilitate increased new business in most Florida territories as rate increases earn in and the benefits of recent Florida legislation take effect, resulting in an increase in policies in-force in the quarter.
- •Declared dividends per common share of $0.16 on February 8, 2024, paid on March 15, 2024, to shareholders of record as of the close of business on March 8, 2024.