With these results driving strong cash flow, I am excited to report that during the second quarter we returned nearly $50 million in capital to stockholders, more than the cumulative amount we have returned since our IPO. Renato will provide you with those details in a few minutes.Shifting to claims volumes, this quarter is the fourth consecutive quarter of year-over-year aggregate improvement. Total claims grew by 1% despite historically mild and dry weather conditions in many of our regions during the second quarter. This growth compares with 0.4% growth in the first quarter, a 0.1% drop in the fourth quarter fiscal 2011, and a 1.3% drop in the third quarter of fiscal 2011.
Solera Holdings' CEO Discusses F2Q2012 Results - Earnings Call Transcript
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