I am very pleased with our year-to-date and our quarter-end results as of September 30, 2023. The net book value of our preferred shares has increased by 27.66% year-to-date and 7.76% from the prior quarter ended June 30, 2023. At September 30, 2023 our preferred share net book value was $1,880.94. Through additional float and profits generated, our asset base has increased by 19.3% year-to-date.
The year-to-date performance reflects strong contributions from our core reinsurance business and our equity surplus investment strategy. Our reinsurance business has benefited from volatility and higher interest rates.
I look forward to providing our year-end results.
Erik Fell