New business is being written on visibly better terms than the company's own recent norm, and the mix shift…

Using ONLY the supplied earnings call transcript and no outside information: On this call, does management indicate that the ECONOMIC TERMS OF THE COMPANY'S NEWEST BUSINESS — the prices, rates, fees, spreads, contract sizes, durations, or profitability at which its most recent deals, orders, contracts, renewals, or transactions are being struck — have stepped up MEANINGFULLY ABOVE THE COMPANY'S OWN RECENT NORM, and that this improvement in the terms of incoming business has only BEGUN to flow into the reported results, because most of the business in the reported numbers was still written at the older, less favorable terms? Answer YES when management's own words convey BOTH halves of this one phenomenon, in whatever form fits the industry: (1) THE TERMS OF NEW BUSINESS HAVE VISIBLY IMPROVED VERSUS THE COMPANY'S OWN RECENT PAST. Management describes the transactions the company is signing, booking, or renewing NOW as carrying meaningfully better economics than what the same kind of business fetched in the company's own recent experience — for example: new contracts, charters, leases, policies, loans, or engagements being written at higher rates, prices, or spreads than those they replace; renewals or repeat orders coming in at clearly better levels than the expiring ones; recent deals notably larger, longer, or richer than the company's own norm; or the profitability of newly won work described as a step above the book it is joining. The comparison must be against the company's OWN recent terms (not against competitors or the industry), and the better terms must be described as ACTUALLY BEING ACHIEVED on real, current transactions — signed, booked, or closed — not merely targeted, quoted, hoped for, or dependent on future market moves. (2) THE REPORTED RESULTS STILL MOSTLY REFLECT THE OLD TERMS. Management conveys, directly or plainly in substance, that the improvement is early in the numbers: the reported period is still dominated by business struck at the earlier terms, the better-terms transactions are only a small or growing share of the mix, or results are expected to improve as the newer terms naturally become a larger portion of the business over coming periods — without requiring new demand, market recovery, or events not yet secured. Answer NO if better pricing is described mainly as passing through the company's own cost increases (inflation, freight, materials, wages, currency) rather than a genuine step-up in the economics of the business. NO if improved terms are only planned, targeted, quoted, or expected from future market conditions rather than already achieved on real transactions. NO if management describes pricing or terms as flat, competitive, under pressure, or deteriorating. NO if the improvement is attributed chiefly to a one-time deal, a temporary spike, or conditions management itself expects to reverse. NO if the better terms are already fully reflected in the reported results, with no meaningful mix shift still ahead. NO if the idea appears only in an analyst's question or model that management does not itself affirm. Use only the supplied transcript. Answer only YES or NO.