Apart from the dividend, there are no positive surprises. The fact that we have no details on the figures doesn't help us get an overall picture.

225

The positive surprise is insurance in Europe, which has performed quite well, including in the Netherlands.

166

This is quite conservative. More would have been a bonus.

162

The fourth quarter profit was below estimates, my estimate was €590m or 44 cents per share.

151

The U.S. result was disappointing. We expect a bit lower stock price due to the lower U.S. result.

150