The combination of disciplined and highly controlled underwriting, combined with technology-driven low costs and a focus on the E&S market is propelling our profitability and growth, and we believe will continue to do so over the long term. 2018 Best’s Rankings: U.S. Property/Casualty – 2017 Financial Results. Kinsale Capital Group, Inc. (NASDAQ:KNSL)Q3 2020 Earnings CallOct 30, 2020, 9:00 a.m. Those are all my questions. Do you have a view of what that ratio would have been in a more typical quarter? At some point thereafter, we expect a level of dislocation in the broader market to abate and our growth rate to normalize, perhaps in the low double-digit range. And again, just keep in mind, it's incremental expansion of what we're doing. 2020 Best’s Rankings: U.S. Life/Health – Industry’s Admitted Assets Increased 8.2%.
And so if you look at the hurricane losses, 50% of that was ceded off on the wildfires. We see trends probably being in the 3% to 4% range. You're getting a lot of pricing. The quarterly profitability was negatively impacted by multiple catastrophes, principally hurricanes, Laura and Sally on the Gulf Coast, the Glass Wildfire in Napa Valley, California and even one loss from the Derecho Windstorm in Iowa. View additional news, reports and products for this company. Keeping in mind, these losses were offset somewhat by lower variable compensation, increases in investment income and by the continued growth in the business. And following that, Brian Haney will provide some color on the market and our underwriting operation. Really, what's driving it, it's two things. So hey, all we're talking about here is a kind of an organization of our underwriting teams to have a little bit more focus on this area.
Any thoughts on those topics? Box 17008, Richmond, VA 23226.
Good morning. As a reminder, we have a very heterogeneous book of business, which complicates reducing all the rate movement to one single number. By continuing to use our site, you accept our revised Privacy Policy. Hey. Kinsale Insurance has been fully operational since the declaration of the COVID-19 pandemic and we continue to be available to assist our policyholders, brokers, and other stakeholders. Are you seeing indications that there might be kind of building margin and you're just kind of waiting to see how it plays out? And we're not discontinuing anything. Or is it something where you very well understood that, that was a potential. One question, just has there been any notable shift in the overall mix of the business? Could you talk about your business retention ratios? So it's unusual that you would have that amount of activity in the quarter, but it's certainly not unprecedented, and it's certainly a risk that we're comfortable with.
ET. These risk factors are listed in the company's various SEC filings, including the third quarter 2020 quarterly report on Form 10-Q and the 2019 annual report on Form 10-K, which should be reviewed carefully. Our position on the COVID-19 virus hasn't changed from earlier in the year because of the mix of business and the coverage limitations in our book, we don't expect the virus to materially impact Kinsale's profitability or growth. Thank you. But has there been any increase in relatively larger account business that lifts that average premium in any notable way? The last year or two, I think our excess casualty unit has grown at a pretty brisk pace. So just trying to get a feel for how much of that is kind of a sustainable level and how much of that, if any, is somewhat more temporary? Does kind of the loss in the quarter cause you to think about the aggregations there in any way different than you did before? Separate and apart from that, you've got other competitors restructuring. Rating Disclosure Form, Press Release