Smartadmin health check report SQL Azure managed backup e-mails

Can somebody explain to me what these e-mails mean, every time I get one it is the same, nothing ever changes, sometimes it shows SQL errors but for the most part it just shows the Number of Backup loops at 2 and everything else is at 0, I have been running this backup for a few months now, and I can see that it is backing up bc we have about 300GB backed up with a 30 day retention period

Smartadmin health check report

Datetime : Dec 1 2015 8:00AM
Instance name: SQL1
Storage errors: 0
SQL errors: 0
Credential errors: 0
Other errors: 0
Deleted or Invalid backup files: 0
Number of backup looks: 2
Number of retention loops: 0