Douglas Constantine
Director of Investor Relations

Good morning, and thank you for joining us today for Progressive's First Quarter Investor Event. I'm Doug Constantine, Treasury Controller, and I will be moderator for today's event.

The company will not make detailed comments related to its results in addition to those provided in its annual report on Form 10-K, quarterly reports on Form 10-Q and a letter to shareholders, which have been posted to the company's website. Although our quarterly Investor Relations events often include a presentation on a specific portion of our business, we will instead use the 60 minutes scheduled for today's event for introductory comments by our Personal Lines President and a question-and-answer session with members of our leadership team.

Introductory comments by our Personal Lines President were previously recorded. Upon completion of the previously recorded remarks, we will use the balance of the 60 minutes scheduled for this event for live questions and answers with members of our leadership team.

As always, discussions in this event may include forward-looking statements. These statements are based on management's current expectations and are subject to many risks and uncertainties that