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Financial results for the year to date

AEGIS has continued to perform well financially since the Policyholders’ Conference, when we last reported on the company’s progress. The unaudited results for the year-to-date period ending August 31 show a $23 million increase in surplus from $1.050 billion to $1.073 billion. Premium revenues are $62 million higher than the same period last year due to strong writings in our property and London books. Overall net incurred losses are on plan. Our conservative investment philosophy has worked to our advantage in the current environment of uncertain markets and record-low interest rates to produce a total investment return of 3.3% for the year to date.