Interesting post - thank you! I note the 40% to 61% and 50% to 60% MS are different - just difference in data source or? Secondly, you write that “% of gains from share-increase + price” is 108.1% —- by which i take you mean that MORE than the total growth of the industry in that period was from share gains & pricing increases. Interesting, since I thought that the mix of lower accident frequency + higher miles driven + higher TLR had driven volume increases in the last decade as well. If they have grown revenue roughly 3x, but only gained 10%points market share (20% growth on a stand-still basis), how does that account for 108% of growth? Is that just pricing in your view?