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August 03, 2012 9:00 am ET
Glenn M. Renwick - Chief Executive Officer, President, Director and Member of Executive Committee
Brian C. Domeck - Chief Financial Officer and Vice President
William M. Cody - Chief Investment Officer
Vinay Misquith - Evercore Partners Inc., Research Division
Michael Nannizzi - Goldman Sachs Group Inc., Research Division
Adam Klauber - William Blair & Company L.L.C., Research Division
J. Paul Newsome - Sandler O'Neill + Partners, L.P., Research Division
Josh Stirling - Sanford C. Bernstein & Co., LLC., Research Division
Gregory Locraft - Morgan Stanley, Research Division
Brian Meredith - UBS Investment Bank, Research Division
James Allyn Engle - John W. Bristol & Co., Inc.
Robert Glasspiegel - Janney Montgomery Scott LLC, Research Division
Meyer Shields - Stifel, Nicolaus & Co., Inc., Research Division
Ian Gutterman - Adage Capital Management, L.P.
Keith F. Walsh - Citigroup Inc, Research Division
Joshua D. Shanker - Deutsche Bank AG, Research Division
Welcome to the Progressive Corporation's Investor Relations Conference Call. This conference call is also available via an audio webcast. [Operator Instructions] In addition, this conference is being recorded at the request of Progressive. If you have any objections, you may disconnect at this time. The company will not make detailed comments in addition to those provided in its quarterly report on Form 10-Q and letter to shareholders, which have been posted to the company's website and will use this conference call to respond to questions.
Acting as moderator for the call will be Matt Downing. At this time, I will turn the call over to Mr. Downing.