As CFO, how do you balance the financial discipline that serve merchants with investing in technology, artificial intelligence, and other innovations?

That balance is really an art and it's more art than science in a lot of ways.

But the focus truly is on long-term value creation that serves our customers and our owners.

Because we're single market, we're single product, we write surety only, we think we know the market better than anyone because that's all that we do.

So we innovate to stay relevant and to grow.

Our customers and our relationships are paramount to that.

So we can invest in AI, in technology to grow because we're also leveraging that technology to drive efficiencies, to drive economies of scale.

What do you see as the biggest opportunities and challenges for merchants in the broader surety industry?