James S. Tisch - Chief Executive Officer, President, Member of Office of the President, Director, Member of Executive Committee, Member of Finance Committee, Chairman of Diamond Offshore and Director of CNA Peter W. Keegan - Chief Financial Officer and Senior Vice President Analysts Ron Bobman - Capital Returns Management David J. Adelman - Morgan Stanley, Research Division Robert Glasspiegel - Langen McAlenney Michael Bunyaner Michael Millman - Millman Research Associates Sam Yake - BGB Securities, Inc., Research Division PresentationOperator Good morning. My name is Kelly, and I will be your operator for today. At this time, I would like to welcome everyone to Loews Fourth Quarter 2011 and Year End Earnings Call. [Operator Instructions] Thank you. I will now turn the conference over to Mary Skafidas, Vice President, Investor Relations. Please go ahead. Mary Skafidas Thank you, Kelly. Good morning, everyone. I'm Mary Skafidas, the Head of Investor Relations for Loews, and I'd like to welcome you all to the Loews Corporation Fourth Quarter and Year End 2011 Earnings Call [ph]. A copy of our earnings release may be found on our website, loews.com. On the call this morning, we have our Chief Executive Officer, Jim Tisch; and Chief Financial Officer, Pete Keegan. Following our prepared remarks this morning, we will have a question-and-answer session. Before we begin, however, I will remind you that this conference call may include statements that are forward-looking in nature. Actual results achieved by the company may differ materially from those projections made in any forward-looking statements. Forward-looking statements reflect circumstances at the time they are made and the company expressly disclaims any obligation to update or revise any forward-looking statements. This disclaimer is only a brief summary of the company's statutory forward-looking statements disclaimers, which is included in the company's filings with the SEC.