Daniel Fishbein: Yes, it’s a great question. Of course, we’ve just went back over the 7% threshold on the trailing 12 month basis, because of the primarily because of the very adverse COVID mortality experienced earlier in 2022. So we’ve just gotten above that metric, again, we’re obviously pleased to be there. And we don’t anticipate right now or return to the COVID mortality that we saw in the fourth quarter of 2021, or the first quarter of 2022. But having just hit the threshold, again, I’m not sure we’re ready yet to raise the threshold at this point.
Doug Young: And then just when you when I look at that business stop loss sales were down, it seems from the prepared remarks, you’re seeing a net pick up in competition. I mean, we’ve seen this trends happen in the past and margins being negatively impacted and stop loss. And I think that’s where you’re punching above your weight in the margin side. Are you comfortable that the competition isn’t getting irrational in that stop loss business, anything to be concerned there?
Daniel Fishbein: Yes. I think historically, and we’ve said this before, stop loss has always been a cyclical business. Margins improve competitors decide they want to take some share, they get a little less disciplined, a little more aggressive. We’ve had a history of being a very disciplined underwriter and price of the business. And you see that in our experience. We actually anticipated this. Our sales were down a bit in the fourth quarter versus the prior year quarter. But we actually plan for that. Now a little bit of that is we had a big block of business that came in the fourth quarter of 2021. And we knew that that would not recur. So we actually our sales for the year were a little bit above our expectations which is good.
But we will not break our discipline around our view of trend and pricing in order to acquire market share. There are some competitors who are probably doing that right now. So the market is getting a little bit more competitive. But we think, as you’ve noted, we can continue to outperform the market on that basis.
Kevin Strain: It’s Kevin Strain we’re also finding new ways to compete for business by adding things like Pinnacle care on top of the stop loss business, which helps to take the conversation away from being fully priced to being ways of adding value. And because we’re one of the larger players, we have unique capabilities to do that sort of thing.
Operator: Thank you. Our next question comes from Tom MacKinnon with BMO. Your line is open.
Tom MacKinnon: Question with respect to Asia. If I look at the impact of new business, that was positive one in the quarter now, we’ve seen that similar positive one, the fourth quarter of 2021. But historically, this has always been negative. And the sales were up nicely international, or they’re flat year-over-year in the international hubs and up getting about 10% or 11% in the local markets. So just curious as to what’s driving this in this quarter? Is it more profitable new business? Is it a better mix? How sustainable would that be? Granted, there is going to be an accounting change as to how this stuff is going to be booked. So any color there and then I have a follow up. Thanks.
Ingrid Johnson: Thanks very much. It’s Ingrid Johnson here. Exactly right. So this quarter, we were very pleased with the new business going so particularly in Vietnam, and international, where it’s been a focus to improve product economics and margins relating to that. So that we are very pleased about and then you are seeing also just some changes if we look versus the prior on just the absence of some of the benefits that we would have had in in prior we had reversed of mortality and some investment related gains.
