Net loss available to common stockholders was $1.97 billion for Q1 2026, compared to a profit of $420 million in Q1 2025. Spread related earnings (SRE) were $719 million, down 17% sequentially and 11% year-over-year. Total assets grew to $447.8 billion, a 1% increase from year-end 2025. Net invested assets reached $300.3 billion, reflecting a 3% quarterly increase. Gross organic inflows were $19.7 billion, a 56% increase from Q4 2025 but a 23% decrease year-over-year.