The tick up that you've seen in part As Rich mentioned earlier, some of it actually has to do with sort of just people traveling and engaging a bit more. There's some of that.

Apr 20, 2023 / receipt, needs a key / Rich, other | earnings call 2023-04-20 | transcript b535bc51-f4a8-4388-a08f-ca185911bc09 | chars 29806-29981 | segment 30

Some of the realities that we had talked about during COVID and the COVID benefit on expenses, Those are starting to dissipate as people are traveling and entertainment is coming back to be part of our business.

Oct 24, 2022 / receipt, needs a key / Rob Berkeley, CEO | earnings call 2022-10-24 | transcript 77719b70-4fd4-4eb0-9fe8-1f58274d6d8c | chars 13428-13639 | segment 13

The expense ratio is in line with expectations at 28.3%. reflecting an improvement of 1.2 points over the prior year's quarter. As previously mentioned, the growth in net premiums earned continues to benefit the expense ratio, even with higher fixed costs coming from compensation, a new operating unit, and increasing travel and entertainment.

Apr 25, 2022 / receipt, needs a key / Rich Baio, CFO | earnings call 2022-04-25 | transcript d00ba171-b835-4c3e-b926-9781abbff654 | chars 6360-6704 | segment 6

Going the other way, T&E is starting to pick up again, as fortunately, knock on wood, COVID is hopefully in the rearview mirror and shrinking.

Apr 25, 2022 / receipt, needs a key / Rob, CEO | earnings call 2022-04-25 | transcript d00ba171-b835-4c3e-b926-9781abbff654 | chars 15484-15626 | segment 15

The expenses, Rich touched on that. We still are getting some benefit, if you will, from the lack of travel as a result of COVID, though that is starting to pick up a bit.

Jan 27, 2022 / receipt, needs a key / Rob Berkley, CEO | earnings call 2022-01-27 | transcript 5786680c-dc7c-4743-9458-ea1c71ec9b9c | chars 11691-11862 | segment 11

We continue to highlight the partial benefit from reduced travel and entertainment, which is slowly coming back.

Oct 21, 2021 / receipt, needs a key / Rich Baio, CFO | earnings call 2021-10-21 | transcript 43ebbea8-ad86-43e2-8608-6418895a8351 | chars 8090-8202 | segment 8

We also continue to benefit from reduced costs associated with travel and entertainment, but do anticipate some of this will be given back as the economy more fully reopens.

Jul 22, 2021 / receipt, needs a key / Rich Baio, CFO | earnings call 2021-07-22 | transcript 4c27613b-2c97-4db8-9a0e-3099d8848e1f | chars 4626-4799 | segment 4

Although we continue to benefit from reduced costs associated with travel and entertainment due to the pandemic, we are implementing initiatives that will enable us to operate more efficiently in the future.

Apr 20, 2021 / receipt, needs a key / Rich Baio, CFO | earnings call 2021-04-20 | transcript c7be44c4-0758-4072-9d67-a1f82eadba09 | chars 4534-4741 | segment 4

In addition, the expense ratio is benefiting from reduced costs impacted by the global pandemic, including travel and entertainment.

Jan 26, 2021 / receipt, needs a key / Rich Baio, CFO | earnings call 2021-01-26 | transcript bf680afe-1ae7-4624-a15c-b3d1f23efafc | chars 4464-4596 | segment 4

The 50 basis points benefit, if you will, that the expense ratio is getting as a result of a reduction of activity on our end with travel and entertainment and so on.

Jan 26, 2021 / receipt, needs a key / Rob, CEO | earnings call 2021-01-26 | transcript bf680afe-1ae7-4624-a15c-b3d1f23efafc | chars 12744-12910 | segment 13

We certainly expect that people will be back in the office, but will the travel be the same or were there opportunities to learn through this period of time where maybe travel will not have to return to what it once was?

Jan 26, 2021 / receipt, needs a key / Rob, CEO | earnings call 2021-01-26 | transcript bf680afe-1ae7-4624-a15c-b3d1f23efafc | chars 13024-13244 | segment 13

The lower underwriting expenses is primarily due to the reduction in travel and entertainment costs due to the global pandemic, which represents a little more than 50 basis points of favorable impact on the expense ratio.

Oct 20, 2020 / receipt, needs a key / Rich Baio, CFO | earnings call 2020-10-20 | transcript 0715c177-746c-4f72-a9b9-a27b648a14d4 | chars 4233-4454 | segment 4