Investment Management

When you can produce underwriting profits, and on top of that, just hand more flow, we don't have many businesses like that. If you can get somebody to hand you $104 billion and pay you to hold it while you get to invest and get the proceeds, it's a good business. Now, most people don't do well at it. And the problem is that what I just described, temps, lots of people to get into it. So there's a lot of competition in it. But we have some fundamental advantages, plus we have in certain areas,. Plus we have absolutely terrific managers to maximize those advantages. We're going to make the most of it.