Progressive (PGR) Q4 2011 Earnings Call March 01, 2012 9:00 am ET Executives Matt Downing - Glenn M. Renwick - Chief Executive Officer, President, Director and Member of Executive Committee Brian C. Domeck - Chief Financial Officer and Vice President Analysts Michael Zaremski - Crédit Suisse AG, Research Division Joshua D. Shanker - Deutsche Bank AG, Research Division Matthew G. Heimermann - JP Morgan Chase & Co, Research Division Josh Stirling - Sanford C. Bernstein & Co., LLC., Research Division Vinay Misquith - Evercore Partners Inc., Research Division Michael Nannizzi - Goldman Sachs Group Inc., Research Division Meyer Shields - Stifel, Nicolaus & Co., Inc., Research Division Alison Jacobowitz - BofA Merrill Lynch, Research Division Ian Gutterman - Adage Capital Management, L.P. PresentationOperator
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 annual report on Form 10-K 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. Matt Downing Thank you, Wendy, and good morning, and welcome to Progressive's conference call. Participating on today's call are Glenn Renwick, our CEO; and Brian Domeck, our CFO. Also on the line is Bill Cody, our Chief Investment Officer. The call is scheduled to last about one hour.