I am very perplexed by these results. I had expected 50 percent of the 64 retailers that we track would have missed their sales forecasts. But two-third of that universe have beat so far.

The first-quarter forecast is for earnings to grow 10.5 percent, although that estimate may drift lower.

The results were just as I had expected.

I expected results.

Although we are on track with our expected results for personal auto and small commercial, our expected combined ratios for large commercial and homeowners will be higher than we anticipated at the beginning of the quarter.

The results were fantastic? they weren't expected to be so high.