Mike Zaremski

Is there a way to kind of tease out or estimate how much of that is attributed to litigation finance

just large account property, investors have asked us a lot of questions about just the extent of the price

I'm curious if you can kind of give us some flavor of what you think catastrophe inflation is

much of our incoming from investors is focused on North America commercial social inflation, reserve releases

you’re painting a picture that Chubb’s competitive advantages are growing versus some of its peers

In terms of the new reinsurance program that you detailed

is, there a fast and hard kind of ratio that if the equity markets still keep going up

The accident year loss ratio in work comp appears to be picked at a much higher level than in recent quarters and years

you don't feel like we're going to enter a soft marketplace

should we be still thinking that the guide on the expense ratio is kind of trying to get below 30%

how much of that would you say is a reaction to since he's contractors industry exposure

You just talk about the lost cost inflation trend that you're seeing now and how that's changed throughout the year

is there a trend line we should be thinking of or something changing

on the large sell-down on the investment portfolio

you're clearly playing more offense and feel better even despite the loss ratio in those two lines being booked at not ideal levels

if this year was somewhat of a below average cat year, maybe disagree with that, at about $800 or so million of cats

it appears that you guys can do billions more buyback than the consensus is estimating at least starting in the back

Is this now behind us? Or is there still some limit or, I guess, potential for movement there?

once that's over, would that book start growing at kind of low doubles because that's where pricing is?

I thought historically, you do a ground-up on each line-of-business once per year

Is that being funded at all with the -- this federal home loan bank borrowings

quantify how much worse of a loss ratio is associated with the non-renewed business versus the retained business

could you walk through that same dynamic maybe for the $750 million you walked away from

I'm curious if advances in recent months or quarters have kind of materially changed Progressive's view on the ability for the, let's say, the combined ratio, the LAE ratio to benefit from efficien...

just kind of curious where should we expect that ratio to stay negative in '26 or maybe it will revert back to positive territory later in the year

slightly negative for a while now, which appears to be different from the kind of the flattish pricing you've been speaking to

were you signaling a change in capital management tone by stating the buyback language?

are shopping levels still materially above kind of what you -- what Progressive would consider the normal long-term trend line?

you mentioned that the 8.9 product model and about 50% of your premiums is demonstrating favorable conversion results and elasticity.

I'm curious you don't call out severity being higher due to that mix shift as well.

On policy growth seasonality, historically, this time of the year exhibit faster growth.

the tailwind from pricing increases has looks like it's meaningfully moderated.

Would you be able to share what you maybe roughly expect your organic headcount growth or shrinkage to be

in casualty commercial, maybe non-workers' comp, was the change in pricing kind of sequentially?

Curious if your view on loss cost inflation has changed at all or directionally, is it the I feel like you've only

If you can kind of remind us what do we expect RPC to eventually fall? Are those terms and conditions changes going

unpack kind of the reacceleration we've seen in pricing. Do you feel this is more a traveler-specific

It appears that social inflation levels are rising. Would you agree with that viewpoint

Most releases we've seen in a couple of years, good to see. Any -- I heard the prepared remarks, the high level

is it just fair to assume, given the workers' comp pricing is still a bit negative on real pricing?

from just -- as a competitor, though, have you seen this kind of cycle before that until there's real pain and ROEs start eroding

is that if to the extent pricing continues to moderate, should we would it be normal for the policy growth

pivoting, Rob, to the medical inflation environment as it pertains to your work comp

going back to the macro crashing that, you know, with the tariffs

why is Rob bearish on kind of workers' comp if profits are so good and still continues to release a lot of reserves