Seán Sherlock (Cork East, Labour) | Oireachtas source

-----but it seems there is a loading on that correction which is now moving it into the supernormal profits, if I can incorrectly use that term. In other words, if somebody had paid a premium of €500, for example, and this year it is €800, of the €300 extra, what is the correction and what is absolute supernormal profits? That is why if one speaks to Mr. Kian Griffin's constituency and to older people they are absolutely perplexed. We are all perplexed as to why we are paying so much extra for our premiums overnight. It seems to me that not all the factors that Mr. Faughnan talks about here are contributing factors but that there is a profit loading on that as well. For instance, AA has three underwriters.