Stewart Ellis: Yes, Tommy, I didn’t I think I can take this one. We, um, we broke that down annually in our last shareholder letter in the guidance that we put out or the for the year, and we just see if I can it looks. So Tom, the guidance that we gave for the year, which we’ve kind of reiterated on this on this call is around 29% in the first quarter, 41% in the second quarter, 19% in the third quarter and 11% in the fourth quarter. And that that is that is a cat load that is a function of the geographic exposure of our policies and the nature of the weather that we’re exposed to and reflects the changes that we’re making during the year related to the exposure concentrations in higher cat areas.
Richard McCathron: Yes, Tom, I know that a couple of things. This is Rick. Yes, Tommy, I would like to add a couple of things to this, um, to Stuart’s comment. So first of all, the weather doesn’t really look at the calendar. So those numbers are based on historical averages. And breakdowns and where we expect the portfolio to be going. I will emphasize that the work that we’re doing in our project volatility, that’s over a year’s a year’s time. So October to October when we experienced or if we experience earlier season events, that will have more of an impact on our portfolio than if the events get pushed later in the season because each month we’re making greater strides on reducing our exposure to volatility. So there is some variation there. But the what we’re what helps our portfolio is if this turns out to be a later season Q2 as opposed to an earlier season in Q2. We don’t think it’s dramatic, but there is some variation based on that.
Tommy McJoynt: Makes sense. Thanks.
Operator: [Operator Instructions]. We have another question from Mr. Yaron Kinar from Jefferies.
Yaron Kinar: Thanks. Just one quick follow-up. Rick, on your last comment on the timing of catastrophe losses. So just given where we are and now kind of beginning of May, are you seeing I think we’ve already seen several larger convective storms foreign over the last couple of weeks. Where would you say we are relatively speaking on that kind of seasonality pattern. Are we early? Are we late or are you kind of happy with the turn of events and the timing of the storms or I’m a little bit concerned.
Richard McCathron: Yes, it’s a you’re on that’s a really, really good question. So a couple of couple of things. One on the more recent events that we’ve been seeing have been in areas generally, of course, there are widespread, but I think Oklahoma, as an example, got hit relatively hard. We don’t write business in Oklahoma. So I think where the events happen do Matt does matter. I would say we are now in the what I would consider a traditional or historical second quarter. Um, I think the some of the events that we saw in mid-March, I think it was around March 15th, the PCS events, March 15th. I would have consider that early on. But right now, I think we’re you know, but I would consider from a calendar perspective and a quarter perspective, we’re in line with our expectations as of now.
Yaron Kinar: Got it. Thanks.
Operator: We currently have no further questions.
Richard McCathron: Great. Well, if there’s no further questions, we appreciate everybody’s time today and we look forward to speaking with you next quarter. Have a great day.
Operator: Ladies and gentlemen, this concludes today’s call, and thank you for joining, and you may now disconnect your lines.
