Net premiums earned by AMERISAFE amounted to $69.2 million, which increased 2.4% year over year in the first quarter. The growth was aided by positive audit premiums, despite rate declines. The figure beat the Zacks Consensus Estimate by 4.6% and our estimate of $64.7 million. Net investment income of $7.4 million increased 21.6% year over year due to growing yields on fixed-income and cash securities. The figure beat the consensus mark by 2.6% and our estimate of $6.6 million. Fees and other income climbed 74.3% year over year to $0.2 million in the quarter under review, beating the Zacks Consensus Estimate by 55.5% and our estimate of $0.1 million. AMERISAFE's pre-tax underwriting profit of $12.3 million declined 9.3% year over year. Total expenses increased 5.1% year over year to $56.9 million in the first quarter, attributable to higher loss and loss adjustment expenses incurred and underwriting and other operating costs.