John Swenson | Vice President of Investor Relations and Treasury |
Bradley Shuster | Executive Chairman |
Claudia Merkle | Chief Executive Officer |
Adam Pollitzer | Executive Vice President and Chief Financial Officer |
Julie Norberg | Senior Vice President and Controller |
Mark DeVries | Barclays Bank PLC |
Richard Shane | JPMorgan Chase & Co. |
Douglas Harter | Credit Suisse Securities LLC |
Randy Binner | B. Riley FBR, Inc. |
Bose George | Keefe, Bruyette, & Woods, Inc. |
Jack Micenko | Susquehanna International Group, LLP |
Giuliano Bologna | Compass Point Research & Trading, LLC |
Ryan Gilbert | BTIG, LLC |
Mark Hughes | Truist Securities, Inc. |
Philip Stefano | Deutsche Bank AG |
Geoffrey Dunn | Dowling & Partners Securities, LLC |
Good afternoon, ladies and gentlemen, and welcome to the NMI Holdings, Inc. Fourth Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] I would now like to turn the conference over to your host, Mr.