The S&P 500 Index, Ted and Todd

The problem that all of us has is size. It's actually harder to run even 12 or 13 billion dollars, frankly, than it is to run a billion. The growth did slow down, but it wasn't because we wanted it to. Our prices that led to the underwriting loss, the actual, we would have been slightly in the black without the catastrophes. If we hadn't paid our light bills, we might have been in the black too.