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

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

Oct 21, 2021 / CFO / 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 / CFO / 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 / CFO / 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 / CFO / receipt, needs a key / Rich Baio, CFO | earnings call 2021-01-26 | transcript bf680afe-1ae7-4624-a15c-b3d1f23efafc | chars 4464-4596 | segment 4

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

As we've seen over the recent quarters, the growth in net premiums earned has outpaced which has favorably impacted In addition, due to the global pandemic, expenses are considerably lower in travel and entertainment, writing expenses in dollar terms quarter over quarter.

Jul 21, 2020 / CFO / receipt, needs a key / Rich Baio, CFO | earnings call 2020-07-21 | transcript 15eabd35-bfeb-4f54-90fa-389b1feb4af9 | chars 3464-3736 | segment 3

Other underwriting costs also decreased in the quarter due to lower professional fees and less travel.

Apr 21, 2020 / CFO / receipt, needs a key / Rich Baio, CFO | earnings call 2020-04-21 | transcript 541cb85e-e9e1-4304-ad91-d190776dda82 | chars 5216-5318 | segment 5