Mr. Michael Horan:

We represent insurance companies. The average claims ratio over the ten years covered by this national claims information database report is 75%. That is the average over the ten years. When we factor in the other costs that are outside claims, such as commission, management expenses, reinsurance and so on, we end up in an unprofitable situation in quite a number of those years, as the deputy governor of the bank said yesterday. People have to look at it over the ten-year period. What is tending to happen is that people are comparing the situation in 2018-----