Operating expenses in the third quarter of 2024 were 56 million, and the expense ratio was 22% compared to 56 million and 23%, respectively, in the second quarter of 2024, and $55 million and 23% respectively in the third quarter of 2023. The current quarter and second quarter 2024 reflect expense actions taken that resulted in one-time expenses of $1 million and $3 million respectively. As Rohit mentioned, we remain committed to disciplined expense management while also investing in our business to support growth. And during the quarter, we invested in initiatives to further modernize our technology solutions.

Nov 7, 2024 / CFO / receipt, needs a key / Dean Mitchell, CFO | earnings call 2024-11-07 | transcript cdd51a3e-b6cb-46ae-9bcd-fb34b77ceaf2 | chars 15050-15668 | segment 15