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Operating earnings from non insurance businesses grew only 3% in favorable conditions. That’s barely above GDP.

You need to compare a non-inflation adjusted figure like that not to real GDP but to nominal GDP which for last year was about 4%, so in fact operating earnings grew less than the economy. However there's no reason to expect a collection of conservative businesses to hold their share of an innovative economy like the US, a slow and gradual loss of share should be expected and is not a bad outcome.
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