Operator

Ladies and gentlemen, welcome to the Zurich Update for the First Quarter 2026 Conference Call. I am Valentina, the Chorus Call operator. [Operator Instructions] The conference is being recorded. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Jon Hocking. Please go ahead.

Jon Hocking

Thank you very much, Valentina, and welcome, everybody, to Zurich Insurance Group's First Quarter 2026 Q&A Call. On the call today, we have our Group CEO, Mario Greco; and our Group CFO, Claudia Cordioli. Claudia will make some introductory remarks, but could I please remind everybody to please keep their questions to. Thank you very much. Claudia?

Claudia Cordioli
Group CFO & Member of Executive Committee

Thank you, Jon. Good afternoon, everyone. Thank you for joining us today. I'm Claudia Cordioli, Group CFO; and joined by our Group CEO, Mario Greco. I will share first a brief overview of our results for the first quarter of 2026, after which we will open for questions. We have started the year strongly with high-quality growth accelerating across targeted business lines and customer segments, including Specialty, Middle Market and Life Protection.

While the external geopolitical environment is uncertain, we are structurally well positioned with a