We are pleased with our quarter-end results and year-to-date results as of June 30, 2023. The net book value of our preferred shares has increased by 18.46% year-to-date and 2.17% from the prior quarter ended March 31, 2023.At June 30, 2023 our preferred share net book value was $1,745.51.
Through additional float and profits generated, our asset base has increased by 11.80% year-to-date.
Our reinsurance business has performed well in this environment and our equity surplus investment strategy has been performing since the start of the year. Our reinsurance business has been a source of stable profits and cash flow.
I look forward to providing our next quarter financial update.
Erik Fell