The underwriting-related G&A ratio decreased by 1.7 points in the quarter, mainly from an increase in net premiums earned, somewhat offset by personnel and travel costs.

Jul 27, 2022 / CFO / receipt, needs a key / Pete Vogt, CFO | earnings call 2022-07-27 | transcript 83901567-f1ac-4a43-84bb-22af6e9bbe74 | chars 11622-11791 | segment 11

As we discussed in the first quarter, given the uncertainty of the year, We cut $50 million from our 2020 expense budget. A significant portion of these savings came through in the second quarter. The savings were driven by lower personnel costs, including deferring, non-critical hires, reduced travel and entertainment costs, lower office costs, and delaying certain projects.

Jul 29, 2020 / CFO / receipt, needs a key / Pete Vogt, CFO | earnings call 2020-07-29 | transcript 420e6943-ff59-4ca1-b9c4-cb666f87c34d | chars 11359-11737 | segment 11