Operating Earn at 1.7B vs 1.9B last year
Lucky to be in insurance and utilitie biz
Insurance profit higher than last year
Float increase several billions from SwissRe
One time expense
Final payment on options closed on midamerixa
BV down 6pct
Mark to market loss on HY cds expect to lost
22.7 b in cash next day 19.7 b
Expect same for rest of year, insurance and utility good all else losing money from recession
1B of earnings stays at utility
10Q next Friday
