The fourth quarter profit was below estimates, my estimate was 590m or 44 cents per share.

The U.S. result was disappointing.

This is quite conservative. More would have been a bonus.

The positive surprise is insurance in Europe, which has performed quite well, including in the Netherlands.

The higher profit is only the effect of a strong decline of the tax rate.

The U.S. result was disappointing. We expect a bit lower stock price due to the lower U.S. result.