Other underwriting and operating expenses were $39 million in the second quarter of 2020 compared to $42 million in the first quarter, principally due to lower travel expenses and a reduction in payroll taxes and benefits associated with bonus payments and stock vestings in the first quarter.

Aug 7, 2020 / CFO / receipt, needs a key / Larry McAlee, CFO | earnings call 2020-08-07 | transcript a7a263b7-843e-44e9-9e88-be39d365e1a3 | chars 10519-10812 | segment 10