The improvement in underwriting expenses for the quarter was due primarily to our continued expense management efforts, including reduced personnel costs and other variable costs such as policyholder dividends.

Apr 30, 2026 / receipt, needs a key / Mike Pedraja, CFO | earnings call 2026-04-30 | transcript 0df00ef6-c63f-4cdc-8217-1ac7b1e55b63 | chars 6193-6403 | segment 6

The improvement in underwriting expenses for the fourth quarter was due primarily to continued expense management efforts, including reduced personnel costs and other variable costs, such as policyholder dividends and bad debt.

Feb 20, 2026 / receipt, needs a key / Mike Pedraja, CFO | earnings call 2026-02-20 | transcript e410ba02-a261-47f1-b717-db6fca0b5b1d | chars 6367-6594 | segment 6

I'm very pleased with the team's continued focus on expense management and our prudent capital management. We continue to improve our key operating metrics which is a clear indication of our success. After considering dividends declared, our book value per share, including the deferred gain, increased 14% to $48.25, and our adjusted book value per share increased by 9% to $50.75 over the last 12 months. And finally, we returned $27.5 million to our shareholders this quarter through a combination of regular quarterly dividends and share repurchases at an average price that was accretive to our adjusted book value per share.

May 2, 2025 / receipt, needs a key / Kathy Antonello, CEO | earnings call 2025-05-02 | transcript 21446485-45b1-4d94-8a59-19178b41233d | chars 9090-9720 | segment 9

The decrease was largely the result of reductions in employee benefit costs, professional fees, and travel expenses.

Feb 18, 2021 / receipt, needs a key / Mike Paquette, CFO | earnings call 2021-02-18 | transcript b41507e3-12a9-4bc5-beb9-22082e9112e0 | chars 7812-7928 | segment 7