Christian Mumenthaler | Chief Executive Officer |
John Dacey | Chief Financial Officer |
Thomas Bohun | Head Investor Relations |
Thierry Leger | Chief Underwriting Officer |
Andrew Ritchie | Autonomous Research |
Kamran Hossain | JPMorgan |
Freya Kong | Bank of America |
Iain Pearce | Credit Suisse |
Vikram Gandhi | Societe Generale |
Will Hardcastle | UBS |
Vinit Malhotra | Mediobanca |
Ashik Musaddi | Morgan Stanley |
Thomas Fossard | HSBC |
Derald Goh | RBC Capital Markets |
Darius Satkauskas | KBW |
Dominic O'Mahony | BNP Paribas |
[Starts Abruptly] 2024, there is much more matching between the asset and liability side. And we won't see this drop, which we have seen now in U.S. GAAP. And finally, on the targets, I said it this morning in the media call. And I think you can obviously judge by yourself with everything I said, I think the segmental targets are absolutely within reach, 10% ROE is very much a question of financial markets in my mind, also obviously, since we still have a billion of budget there, and it depends on how things develop its financial markets has been, a real, real strong deviation this year, have impacted us significantly.