Mr. Seán McGrath:

As was pointed out, when we price insurance, and we are pricing insurance for the next 12 months, we have to set out our premium on the basis of what we expect to happen in terms of the number of claims over that 12-month period. We then have to estimate and project what those claims will cost to settle up to another eight-year period. In that time, it is subject to many influences and variations, whether due to inflation, changes in the courts, changes in regulations and so on. The vast bulk of what drives the big premiums is the cost of claims. For each €100 of premium, overall, 94% is paid out. That is the target we have and we expect, in total, that 67% will be claims costs. Any reduction in claim awards will affect that 67% part of it and that will be passed on to our customers.