Thanks to these efforts and initiatives, I'm confident in Manulife's strength and that we're well positioned to pursue more sustainable, better diversified growth going forward.

Before I turn it over to Michael Bell, our CFO, I'd like to say that when Michael joined Manulife almost 3 years ago, he moved his family to Toronto from their home in Philadelphia. Last June, his family returned to Philadelphia, which is obviously not an ideal situation from a prospective of his interest or those of the company. Today, we have announced that Michael will be leaving Manulife. He's agreed to remain with Manulife to oversee the company's annual 2011 financial reports and to continue beyond that time to allow us to hire a replacement CFO and allow for an orderly transition. Although we'll have plenty of time to say our goodbyes to Michael, I'd like to thank him for his substantial ongoing contributions to Manulife. He's done a superb job in building strong financial teams across our geographies and relating our financial position to our investors and analysts community. We are very appreciative that he has agreed to stay with us until our replacement CFO is hired and to assist in the transition.

With that, I'll turn it over to Michael Bell who will highlight our financial results and then open the call to your questions. Thank you.

Michael W. Bell

Thank you, Donald. Hello, everyone. First of all, I'd like to thank you, Donald, for those very kind words and support. It has been a tremendous pleasure and privilege to work with the great people at Manulife and to live here in Canada. We've made tremendous progress as a company in the last 3 years under Donald's leadership and I am confident that we'll have even more success in the future. Since my transition timetable is open and it just reinforced that I'll be fully engaged for as long as I'm here and will likely have plenty of time for goodbyes at a later date.

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