Alan Schnitzer | Chairman, Chief Executive Officer |
Brian MacLean | President, Chief Operating Officer |
Jay Benet | Vice Chairman, Chief Financial Officer |
Michael Klein | President, Personal Insurance |
Greg Toczydlowski | President, Business Insurance |
Bill Heyman | Chief Investment Officer |
Tom Kunkel | President, Bond and Specialty Insurance |
Gabriella Nawi | Senior Vice President, Investor Relations |
Kai Pan | Morgan Stanley |
Ryan Tunis | Credit Suisse |
Amit Kumar | Buckingham Research Group |
Elyse Greenspan | Wells Fargo |
Yaron Kinar | Goldman Sachs |
Paul Newsome | Sandler O’Neill |
Jay Gelb | Barclays |
Jay Cohen | Bank of America Merrill Lynch |
Brian Meredith | UBS |
Meyer Shields | KBW |
Sarah Dewitt | JP Morgan |
Larry Greenberg | Janney Montgomery Scott |
Good morning ladies and gentlemen. Welcome to the fourth quarter results teleconference for Travelers. We ask that you hold all questions until the completion of formal remarks, at which time you will be given instructions for the question and answer session.
As a reminder, this conference is being recorded on January 23, 2018. At this time, I would like to turn the conference over to Ms.