Steven Kandarian - Chief Investment Officer, Executive Vice President, Chief Investment Officer of Metropolitan Life Insurance Company and Executive Vice President of Metropolitan Life Insurance Company Peter Carlson - William Toppeta - President of International and President of International - Metropolitan Life Insurance Company C. Henrikson - Chairman, Chief executive officer, President, Chairman of Executive Committee, Member of Corporate Responsibility & Compliance Committee, Member of Investment Committee, Chief Executive Officer of Metropolitan Life, President of Metropolitan Life and Director of Metropolitan Life Insurance Company William Wheeler - Chief Financial Officer, Executive Vice President, Chief Financial Officer of Metropolitan Life and Executive Vice President of Metropolitan Life Analysts Andrew Kligerman - UBS Investment Bank Suneet Kamath - Bernstein Research John Nadel - Sterne Agee & Leach Inc. Randy Binner - FBR Capital Markets & Co. Jamminder Bhullar - JP Morgan Chase & Co John Hall - Wells Fargo Securities, LLC A. Mark Finkelstein - Macquarie Research Colin Devine - Citigroup Inc PresentationQuestion-and-Answer SessionSteven Kandarian We’ve seen at a minimum a bottom out of certain sectors of the commercial real estate market and even a slight improvement. And certainly, there are far more lenders going back into the area right now, and mortgage rates are coming down fairly significantly. So you're seeing activity pick up. You're seeing improving lease operates [ph] (59:39) and so on of buildings. So I don't want overstate it. I'm not saying that there’ll be other problems coming down the road, because there's always a lag in this sector regarding a borrower who eventually can't pay off a mortgage. But onto the fundamentals of the business, itself, have improved slightly. And I think that where things go from here will be largely driven by what happens in the overall economy. So if we do have a slow recovery here, which I think is our position in terms of the most likely outcome, then you anticipate that the market overall will improve along with the economy. Were we to go into some sort of double-dip, which we're not predicting, then obviously, things could get worse.