Mark Hughes

There's some variability there, but was there anything unusually robust about Q1?

the fee income in Lifestyle was quite strong. You talked about good momentum in the reverse logistics program growth

if you look at the size of the market, aside from those 2 big pieces of business, how much share do you think you have

Are you thinking that, that is a faster growth business? Or are we just kind of hitting it at a good peak here

in connected living, is revenue gonna grow faster than EBITDA or slower than EBITDA

You'd mentioned reverse logistics with other large carriers. Would that be a new relationship

On the home warranty business, when do you think it'll be material enough, I guess, to move out of the corporate

you said there's some interest from your other partners perhaps in the warranty business. Could you expand on that

the magnitude of the top line differential, the premium differential between the two

said you had a strong pipeline, which doesn't seem like the usual thing in that line of business

In Global Auto, the loss performance was better year-over-year, but stable sequentially

you've been helped somewhat by the hard market. I think your product has been priced right for a lot of Homeowners

In Global Housing, if you look at the loss ratio, is there a material difference in the loss ratio between lender-placed policies and voluntary policies

When you talk about a new program that you're planning to talk about in February, is that kind of a new line of business

Your reinsurance buy, it seems like the reinsurance market is going to be more favorable for you next year

tariffs, -- anything you observed so far

you talked about pressure in the voluntary market

when you look at the new business pipeline for Lifestyle

The prior year development, could you characterize where that is coming from

trade in, anything structural around trade ins, people keeping their phones longer, anything like

Total Wireless by Verizon seems pretty interesting. How many subscribers under that program

shifts in voluntary were increasing demand. How is that trending now? Is there still as much pressure

On the Homeowners business, the placement rate has been looking quite good. Can you talk about the

Then in Global Lifestyle, how do we think about the top line growth? Just kind of broadly

The ForEx headwind for 2025, I think you said, with ForEx and investments a few percentage points

A number of your competitors or a couple of your competitors have talked about challenges with new business

you'd previously given pricing by customer size. You happen to have an update for that

The employee benefits, you had some slippage in a couple of large life cases. But as a general line of business, how do you see that shaping up for fourth quarter 2026

in your experience at this time in the cycle, things are a little -- understanding that casualty is still up and still is a tough market. Is it a little easier or harder or about the same to go out...

The benefits organic, I think you said it was maybe a little bit faster than the overall U.S. retail. Is that right

workers' comp was up one -- and if I'm looking at it right, it was up 5% last quarter. I know you said job growth may not be as robust

you said the workers’ comp up 5% versus I think it was up 1% last quarter. Is there something going on there

in your experience where you’ve had kind of a run-up and then you start to see it turn back a little bit, how is this going to work over the next few quarters

you gave the wholesale and reinsurance together. I think up 9%. Any detail you can provide on wholesale observations on the E&S market

The guidance you gave for the first quarter contribution from AssuredPartners. Is there any seasonality there or is that just the timing

Is that still what we should anticipate or just assume sequential improvement, but not to reach or exceed last year?

how quickly would they change, say, the broker of record and so the business would shift immediately?

Do you think the market has pretty close to bottoming?

What do you think that means for rates if you do see that scenario?

How about the construction market?

Anything else we should think about for the Specialty Distribution? Does that kind of summarize what you've described?

you see a big jump in policy counts in the E&S market. At the same time, you've got a meaningful decline in premium per policy

Could you expand on that? What fluctuations there might have been? How is that shaping up for 3Q?

what do you anticipate for earned premium in the captives this year?

the Quintes impact on the Retail margin and this timing shift on organic also in Retail, any specific numbers you might be able to share

Do you have any observations about the supply of quality contractors in California?

Are we to think the impact on organic growth is the fact that you didn't have that item this year is a $19 million good guide

Can you talk about the trajectory you're spending there, whether they're are any new technologies or new approaches you're using?

the 23% to 27% the 4-point swing anything else that we should consider

Was that normal seasonality? Or is that a little bit above and beyond?

How about lapse experience in the life business, you talked about that perhaps contributing to the remeasurement gain, but any observations there?

the rate increase and then the slight reduction in utilization. Was that fully reflected in the P&L, would you say in 2Q? Or is there some marginal improvement yet to come in 3Q?

The change in reinsurance, is it possible to break that up by line of business? Was that all in GL?

the large standard carriers are ramping up their appetite, you saw a step up in competition

A quick follow-up on the other liability. You said the -- you were pivoting the portfolio.

On the MGAs that are knocking on your door, is that always a hard no?

Anything to say on admitted versus E and F? And the mix shift

Rob, any comments on the mix between E&S and admitted? There's still strong movement into E&S

Anything you can call out in terms of how they're doing things differently on the expense side? And how you might be able to leverage that across your broader platform?

Is that just a one-year phenomenon? Do you think that'll extend into 2027?

How much of that do you think is you're taking share versus there's just a lot of movement, a lot of folks looking for solutions given health care inflation

what is the prospects for continued project work if interest rates are going to be declining here?

Any similar observations about Risk & Broking, just how that progressed through the 3 months?

You had mentioned in the Health that outside of North America, your growth was quite strong, up in the double digits. Was that attributable to any kind of macro volatility, tariffs, that sort of th...

on the reinsurance JV, any change in your estimate for cost for the full year? Any quick comments on how that's ramping

the 18.4% normalized free cash, is that recast for the capitalized software cost. It looks like it's about 110 bps

Carl, you mentioned how political regulatory activity may be helpful for your business. Could you expand on that