John Campbell: Hey guys, thanks. Congrats on getting the wills emotional and notice of course change. That’s, that’s an exciting development. And Shawn, I know it’s going make life a lot easier for you, at least on the guidance side when that’s all said and done. But it does sound like you guys are going to have to kind of operate the business €“ business as usual the next couple quarters. I wanted to get a update on the reinsurance arrangements. And I know you guys are in the heart of the renewal season. That’s €“ there’s probably a still a degree of uncertainty there, but just like to get your take on that. And if pricing goes against you guys, just how much you’re willing to kind of lean on the incremental premiums. And I don’t know if you’re willing to go into this level of depth for the guidance, but what that range is that you have factored in guidance right now?
Matt Ehrlichman: Yes, renewals are April 1. So, we will know a lot more obviously just starting to get those quotes in from the providers. We’ve seen though in the market, there’s just really good data out in the market in terms of what the pricing increases are. And so we’ve built that fully into guidance and expectations and have been we €“ in our view appropriately conservative, just given some of the unknown there. Obviously we’ll get more information here shortly, but we feel good about how we’ve set up guidance given what’s happening out there.
John Campbell: Okay, thanks Matt. And then these insurance filings can be a little tricky to read. I’m thinking, I’m seeing that HOA and Texas premiums are maybe up 30%, close to 30% for the year, so that was a pretty big driver for the business, but obviously you’re getting a lot of help elsewhere. So maybe if you could unpack and maybe just talk broadly to the impact of your larger incumbent stage or larger legacy stage, maybe Texas, South Carolina versus the newer states you’ve opened how much growth you’re seeing out of that side.
Shawn Tabak: Looking into that. So I say at a high level, we are very focused on profitability. So when we enter a new state, we use existing partners, we have existing agents and our own agency, and we tend to price in a way where we know that we’re competitive with some companies in that state that are, have a history of being profitable, and we believe are profitable. And what that tends to mean is a lot of our growth really comes from the states we’ve been in for several years, like Texas, like South Carolina, like North Carolina. And so that’s what I would point you to is, when you’re reading the filings, you’re looking at the increases. Those states are really the states we continue to be most successful in. And so changes there are the most impactful to our business.
Matt Ehrlichman: And the only thing I would add, John, is when you’re looking at those filings and you’re seeing that kind of a price increase, remember that price increases have not been yet pushed through for many customers that have not yet hit their renewal. And so the price increases would actually be more as we get all of the customers going through that renewal and getting the benefit of that price, increase. So like I noted, it is a substantial impact to the second half of, that year, given the approvals we’ve gotten.
John Campbell: Okay, thanks guys. Appreciate it.
Matt Ehrlichman: Thanks.
Lois Perkins: Next we have Ryan from KBW.
