Generally, we see a significant additional runway for premium growth in our core specialty lines. In addition to premium growth, we are also pleased to see our expense management initiatives come to fruition as the expense ratio continues to improve. In the first quarter, we achieved our short-term goal of sub-40 expense ratio and improved the expense trend continued for the second quarter. We expect these efforts to further drive down expense ratio for the balance of the year, and we revised our near-term expense ratio goal to 35%.

Aug 10, 2022 / receipt, needs a key / Jim Peckhoff, CEO | earnings call 2022-08-10 | transcript 8421e932-41b6-493e-b175-89ccfc3db90d | chars 3176-3714 | segment 2