The Travelers Companies (TRV) Q4 2010 Earnings Call January 25, 2011 9:00 am ET Executives Greg Toczydlowski - President of Personal Insurance Jay Fishman - Chairman, Chief Executive Officer and Chairman of Executive Committee Alan Schnitzer - Chief Legal Officer, Vice Chairman and Executive Vice President of Financial, Professional & International Insurance Brian MacLean - President and Chief Operating Officer Jay Benet - Vice Chairman and Chief Financial Officer Gabriella Nawi - Senior Vice President of Investor Relations and Member of Operating Committee William Heyman - Vice Chairman and Chief Investment Officer Analysts Larry Greenberg - Janney Montgomery Scott LLC Vinay Misquith - Crédit Suisse AG Jay Gelb - Barclays Capital Michael Nannizzi - Oppenheimer Keith Walsh - Citigroup Inc Gregory Locraft - Morgan Stanley Jay Cohen - BofA Merrill Lynch Paul Newsome - Sandler O’Neill + Partners, L.P. Cliff Gallant - Keefe, Bruyette, & Woods, Inc. Matthew Heimermann - JP Morgan Chase & Co PresentationOperator
Good morning, ladies and gentlemen, and welcome to the Fourth Quarter and Full Year Earnings Review For Travelers. [Operator Instructions] At this time, I would like to turn the call over to Ms. Gabriella Nawi, Senior Vice President of Investor Relations. Ms. Nawi, you may begin. Gabriella Nawi Thank you, Sharon. Good morning, and welcome to Travelers' discussion of our fourth quarter and full year 2010 results. Hopefully, all of you have seen our press release, financial supplement and webcast presentation released earlier this morning. All of these materials can be found on our website at www.travelers.com under the Investor Section. Speaking today will be Jay Fishman, Chairman and CEO; Jay Benet, Chief Financial Officer; and Brian MacLean, President and Chief Operating Officer. Other members of senior management are also in the room available for the question-and-answer period. They will discuss the financial results of our business and the current market environment. They will refer to the webcast presentation as they get through prepared remarks, and then we will open it for questions.