“But if you look at our results, historically, there's some seasonality to both of those ratios and we'd expect them to somewhat pick up in the fourth quarter just from a seasonality perspective.”

In context

“while we're running at attractive spreads, it has a higher crediting rate given the market environment. But there is no really increases or pressure on our in-force because that's mostly fixed. Jimmy Bhullar: Yes. And then just lastly, on Group Benefits, your margins were pretty good, I think, across all products and other companies have reported similar results as well. Are you seeing any signs of competition in the market picking up given the strong results that companies have had in the Group Benefits market over the past few quarters? Ramy Tadros: Thanks, Jimmy. It's Ramy again. So I'll give a specific answer to your question. It may be also helpful to give you some broader context. Both our mortality ratio as well as our nonmedical health ratio were clearly favorable in the quarter. But if you look at our results, historically, there's some seasonality to both of those ratios and we'd expect them to somewhat pick up in the fourth quarter just from a seasonality perspective. In terms of the overall market, we remain extremely bullish about this market. And if you were to kind of step back more broadly, you've all heard about the workplace dynamics and how those are changing where we're seeing employees expecting more from their employers and we're seeing employers looking for a variety of levers to attract, retain and engage their talent. And so that's a secular trend that's here to stay and that's providing kind of tailwinds for the entire market. From a competitive perspective, I would say overall pricing is competitive but is also rational. We've talked about this in the past, the short nature of these products, Jimmy, really act as a natural check on any sustained irrational pricing. And the other piece of this market that we kind of like is that you can”