We are pleased to report that things have continued to go well for AEGIS since we were together in Denver for the Policyholders' Conference. I wanted to share some unaudited interim results with you. As of September 30, Total Surplus has grown to $968 million, an increase of $106 million or 12% since year-end 2009. This is a very good step on our way to restoring the surplus lost in 2008. (In fact, we have now recovered two thirds of the roughly $325 million lost that year.) Our year-to-date all lines combined loss and expense ratio is ahead of Plan at 91%. This is a substantial improvement from last year's 108% at this time, and is in part a result of our mid-year actuarial review showing that our overall prior year loss reserves are running off favorably. Our total investment return is at 4.0% through September which is ahead of our expectations by about 130 basis points or $47 million.
Even though the insurance market remains highly competitive and price cutting is rampant, the commitment of our core members and brokers to the continued success of your mutual has been superb — making AEGIS a stronger company better able to serve you over the long term. Thank you for all of your support!