BNSF's Progress on Matching Rate to Risk

Geico has had a very good first quarter coming in at a combined ratio of 93 and change, which means a margin of six and change. But instead of getting too excited about it, I think it's important to realize that even if we reach 96, it will come at the expense of having lost policy holders. There is a trade-off between profitability and growth. And clearly we're going to emphasize profitability and not growth,. So it will not be until two years and now that we'll be back on track fighting the battles on both the profitability and growth front. Great. moving to BNSF. We have an exceptional group of led by Katie and her managers that show up every