So let's go back to David Flandreau

for the aggregate view.

One of the first things that we see when we look at the reinsurance market is that economic value added spread is close to even.

And this is actually the return on invested capital minus the weighted average cost of capital.

You have to measure it this way.

No good using return on capital employed.

No good doing the equity spread.

David Flandreau has been quite vocal on this question

so we've talked a lot um about property yeah um are you seeing kind of similar trends in in the specialty casualty lines

So, yeah, casualty is a whole other kettle of fish, and we can talk about that for an hour if you want to.

It's a highly diversified class.

I mean, when people talk about casualty, what are they really talking about? There must be 50 different lines of business or something in casualty.

But broadly, U.S. casualty is one thing in terms of reinsurance.

London market casualty excess of loss is probably another thing.

Workers' compensation is a completely different thing.

are you seeing that feeding into the reinsurance market going to 1.1?