John Swenson | VP, IR & Treasury |
Bradley Shuster | Executive Chairman |
Claudia Merkle | CEO & Director |
Adam Pollitzer | CFO & EVP |
Mark DeVries | Barclays Bank |
Philip Stefano | Deutsche Bank |
Richard Shane | JPMorgan Chase & Co. |
Bose George | KBW |
Douglas Harter | Crédit Suisse |
Mark Hughes | SunTrust Robinson Humphrey |
John Micenko | Susquehanna Financial Group |
Chris Gamaitoni | The Compass Point |
Randolph Binner | B. Riley FBR, Inc. |
Geoffrey Dunn | Dowling & Partners Securities |
Ladies and gentlemen, thank you for standing by, and welcome to the NMI Holdings, Inc. Fourth Quarter 2019 Earnings Conference Call. [Operator Instructions]. I would now like to hand the conference over to your speaker today, John Swenson. Thank you, and please go ahead, sir.