“I would expect the expense ratio to be lower on a run rate basis when you compare 26 to 25.”

In context

“erations in parent into the business, which has done an exceptional job of absorbing, creating bandwidth, you know, for the additional expenses. Also, in the fourth quarter, we had some onetime you know, approximately $20 million of PCS cleanup You know, there were some things that were left over in terms of the transition, and we just, recognize those in the fourth quarter. I would take a look at the full year. I mean, if you if you look at the full year, where, again, we were allocating parent expenses you know, north of $250 million You know, going from 12.6 to 13 was de minimis. The business did an exceptional job of you know, managing, again, additional expenses. It's fully loaded. We're not gonna be talking about this in 2026. As to additional, you know, allocations or expenses. And I would expect the expense ratio to be lower on a run rate basis when you compare 26 to 25. I mean, we're all over the expenses. We made enormous progress in terms of total expenses, and you know, this organization's incredibly focused on every single one of our investor day objectives. And and the expense ratio below 30 is a top priority, and and we will get there. Alex Scott: Very helpful. Thanks. The next one I wanted to ask on is is just at a high level, the general insurance net premium written growth that you mentioned. You know, sounded pretty strong relative to what I was thinking. So I'd be interested, you know, what what portion of that is from the deals that you've announced as opposed to the organic growth? And the organic growth, where are some of the places you're you're getting that? And do we need to consider you know, sorta new business penalty or mix shift or a”