Tom Gallagher

“What are the total quarterly premiums that you have associated with that business right now, and how big are the average groups you're insuring in terms of employee size?”

“Just wanted to start with a higher-level M&A question for you. So historically, Aflac has done small deals. Should we expect that to be the case going forward, or would you consider going bigger and more strategic if opportunities arise?”

“I just wanted to focus my questions there. So, Andy, the exit of the emerging markets that you had indicated, I think there should be five or six of them, if I'm following what you said correctly, and $3 billion of related capital.”

“Heather, I know you mentioned the early 26 experience gives you confidence that margins will improve in stop loss.”

“I wanted to start with annuities and the expense ratio. Just based on some of the work we've done, it looks like on a pro forma basis, your expense ratio is going to be materially below some of your peers.”