Ann: 3Q24 Quarterly Cash Flow and Activities Report, page-36

It's great that Matt is connecting well with his team, unlike his aloof predecessor, and that they're focused on maximizing profits, but if Matt doesn't extract an unusually large catch-up in pricing from Suncorp, he will not last in that role. AMA shareholders have a right to a fair return on their invested capital, and our frenemy Suncorp has stood in the way of that for far too long. The July 1 new pricing regime better be impressive. It's not enough for a CEO to get the little things right, getting a rational reset on pricing (not just some modest increase) on the CapitalSmart albatross is absolutely the entire ball game here. He better not f--- it up as Carl did. Another lowering of expectations will not be tolerated. The expectations of AMA's shareholders are reasonable. We should by rights be surprised to the upside at this point.