IMO the headline guidance numbers were a miss at midpoint. But...

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    IMO the headline guidance numbers were a miss at midpoint. But underlying this, the H2 tenor of new business was 6.2y years which is a far improved number over h1 at 5.4y, and the maturities rate guidance for next year is 26% vs 33% this year which is a great improvement as well, and beat some guidance for this metric I saw via GS.

    Might be a dip buy today - we will find out!
 
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