Question-and-Answer Session
Operator
Thank you. (Operator Instructions) Your first question comes from Bijan Moazami - Friedman, Billings, Ramsey & Co.
Bijan Moazami - Friedman, Billings, Ramsey & Co.
First of all, if you can provide a little bit more detail about your growth characteristics, is it more property lines versus casualty lines, which states that premium volume growth is coming from, and then if you can make some comments about acquisitions, what are you seeing out there, when should we be expecting you guys to either make an acquisition or do a renewal right transaction?
Michael Lee
As far as growth is concerned, we are pretty much replicating sort of our product mix that we had in the Northeast with our wholesalers particularly in Florida, Texas and California. We're emphasizing workers comp line of business, small workers comp business. We also are looking at our small package policies, and we have a little bit homeowner's - we're writing a little bit of homeowner's policies in California.
We are seeing very good growth in those three states, but in particular we expect strong growth in California. We've recently opened up an office in Southern California, and based on our market research, we think that we'll realize strong growth from that particular state.
As far as acquisitions are concerned, as I mentioned during the earnings call, we have looked at a number of insurance companies and managing general agents to acquire. We were very close, but for various reasons we decided not to proceed with the acquisitions.
We're seeing a strong pipeline of acquisitions, and we routinely do due diligence on these types of targets, acquisition targets. So we can't really project whether we will do an acquisition in the near future, but I do believe there's a strong likelihood that we will act upon the various opportunities that we're seeing in the marketplace.
Bijan Moazami - Friedman, Billings, Ramsey & Co.
Obviously, you've been a Northeastern company. California, Texas and Florida, they are in the four different corners of the country. Would that create any kind of strategic challenges in order to manage the business?
Michael Lee
Bijan, I mean, we've had a history of successfully diversifying from New York City, where we had written historically. So, if you recall, we branched out successfully into other parts of New York State, into New England states, into New Jersey, so we're very, very experienced as far as developing the process and implementing various strategies that we developed to minimize the risk factor associated with territorial expansion.
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