“First is just remember our guidance. We've been very consistent for several years in that. 12% is our expectation every year when we're going to planning, 3% a quarter. And I'd say that even now looking forward to the last part of your question, I wouldn't anticipate that changing.”

In context

“mortality and morbidity. So net-net, I think overall, we've been able to self-fund our record years to date. Now your question on the outlook. I think everything is dependent. I mean, volume is a dependent factor in answering that question. But right now, we feel very comfortable with being able to fund within the operating entities, what's needed to successfully grow this business. Suneet Kamath: Okay, got it. And then I guess for Steve, on VII, any thoughts on kind of fourth quarter? And then also as we think about longer term, given kind of higher rates in volatile markets, any change to kind of the longer-term thought around what the returns of this portfolio could be? Steven Goulart: I'd say probably several points just thinking about VII and specifically, the alternatives portfolio. First is just remember our guidance. We've been very consistent for several years in that. 12% is our expectation every year when we're going to planning, 3% a quarter. And I'd say that even now looking forward to the last part of your question, I wouldn't anticipate that changing. That's just how we think about this portfolio. The second thing is really our experience. And we've talked a lot about this, too, where in general, one of the things that we've always found attractive about the alternatives portfolio is that it does give us equity-like returns but it gives it to us with less volatility and less extremes as compared to some other public market alternatives would. So that's why it's been very attractive to us. Now, we did -- we talked a little bit several quarters over the last couple of years where we saw that relationship be challenged. But when we look at the last couple of quarters, we do think that we're turning to sort of the historical norm in our expectations which is, again, more muted in terms of volatility and extremes but still giving us very at”