“So with Q1 behind us and Q1 being favorable, just a simple arithmetic here even if we continue not to see any further favorability, the simple arithmetic would have us towards the lower end of our range for the full year. So think about an 84 number for the full year compared to the guidance that we have given you before.”

In context

“ters? Ramy Tadros: Thanks for the question. Just maybe to comment on this quarter first. So we did see favorable incidents and really, you can draw almost a straight line between our results and the CDC population data results for the working age population. And that favorability has been manifesting itself for the last kind of couple of quarters and working its way into our ratios. I would say at this point, I can't speculate and I don't want to speculate if the favorability will continue for the rest of the year. It's too early to tell. But what may be useful is just to come back to our outlook guidance ratios. So remember, we guided to be at the midpoint of the lower half of our range. So think of that as kind of an 85.5% number. And that guidance always assumes a heavier Q1 mortality. So with Q1 behind us and Q1 being favorable, just a simple arithmetic here even if we continue not to see any further favorability, the simple arithmetic would have us towards the lower end of our range for the full year. So think about an 84 number for the full year compared to the guidance that we have given you before. Nick Anido: Got it. That's really helpful. And then I guess just on Chariot Re, can you guys give any update there? I think you previously said the expectation would be to do initial back book deal out of Met, but any update there would be helpful? Thanks Michel Khalaf: Yes, hi. Nick, it's Michel. So really pleased with our progress, and we're excited about the growth opportunities that Chariot Re, will allow us to capture. We're moving at pace with our cosponsor and Atlantic to fully capitalize and operationalize the company. The intention here, I'll just reiterate as to create a long-term partnership between MetLife and Chariot Re. And as we discussed at Investor Day, Chariot Re would enhance our capital flexibility and efficiency and allow us to generate liability growth beyond our bal”