Our expense ratio in Japan was 17.8%, down 170 basis points year-over-year, driven primarily by the expense allowance from reinsurance transactions and continued disciplined expense management.

Aug 1, 2024 / CFO / receipt, needs a key / Max Brodin, CFO | earnings call 2024-08-01 | transcript 6f9695dc-f2fd-4a0e-9fe0-4ae40109ef88 | chars 10621-10814 | segment 10

Our expense ratio in the U.S. was 36.9%, down 210 basis points year over year. primarily driven by platforms improving scale and strong expense management.

Aug 1, 2024 / CFO / receipt, needs a key / Max Brodin, CFO | earnings call 2024-08-01 | transcript 6f9695dc-f2fd-4a0e-9fe0-4ae40109ef88 | chars 11781-11936 | segment 12