Question-and-Answer Session
Operator
Certainly. (Operator Instructions). We will hear first from David Lewis of Raymond James.
David Lewis - Raymond James
I have got a couple of questions. First I will start with you, Stan; kind of high level question. I guess it was last week when President Obama held a press conference, but in response to one of the press questions he mentioned that trying to reduce medical liability insurance would be a major part of getting overall healthcare costs down. Have you heard any plans out of the administration on how he might go about that?
Stan Starnes
David, I heard the press conference. I heard him make that remark, which so far as I know was the first time a Democratic president has mentioned medical liability insurance in a national press conference. It could have happened before, but I have no recollection of it.
To answer your question, I have not seen any specifics of it. We, of course, are watching it very carefully and we as a country need to be cognizant that anything that we do with respect to healthcare reform will have implications in the professional liability arena and we need to be careful to understand what those pretend and what those mean, but I have seen no specifics.
David Lewis - Raymond James
That is helpful. I now want shift gears to Vic. First of all on the PICA modeling guidance, I appreciate the top line perspective, but how are the combined ratios on that business relative to your current book?
Vic Adamo
I am going to let Ned...
Ned Rand
I don't have that information in front of me. We can certainly get it based on what they have historically done. The statutory statements are the best place. I don't know, Frank, if we can actually post their year end stats statement on our website.
Frank O'Neil
We can do that and the other thing that I can refer folks back to and I will try to pull it up here and I will come back with it, but in our announcement news release back in September-October, we had some of their historical combined ratios. So, that might be a reference point as well immediately, but I will see if we can get those statutory statements and get them put up.
David Lewis - Raymond James
All right. Ned, while I have got you, the alternative investment losses in the quarter. Can you give us the magnitude versus what they did a year ago?
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