Michael Zimmerman | SVP, IR |
Patrick Sinks | President, CEO & Director |
Timothy Mattke | EVP & CFO |
Stephen Mackey | EVP & Chief Risk Officer |
Edward Gamaitoni | Compass Point Research & Trading |
Randolph Binner | B. Riley FBR, Inc. |
Philip Stefano | Deutsche Bank |
Mark DeVries | Barclays Bank |
Douglas Harter | Crédit Suisse |
Bose George | KBW |
John Micenko | Susquehanna Financial Group |
Geoffrey Dunn | Dowling & Partners Securities |
Mihir Bhatia | Bank of America Merrill Lynch |
Good morning. My name is Mary, and I will be your conference operator for today. At this time, I would like to welcome everyone to the MGIC Investment Corporation Fourth Quarter Earnings Call. [Operator Instructions]. It is now my pleasure to introduce your host for today, Mike Zimmerman, Senior Vice President of Investor Relations.