Progressive (PGR) Q2 2012 Earnings Call August 03, 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 William M. Cody - Chief Investment Officer Analysts Vinay Misquith - Evercore Partners Inc., Research Division Michael Nannizzi - Goldman Sachs Group Inc., Research Division Adam Klauber - William Blair & Company L.L.C., Research Division J. Paul Newsome - Sandler O'Neill + Partners, L.P., Research Division Josh Stirling - Sanford C. Bernstein & Co., LLC., Research Division Gregory Locraft - Morgan Stanley, Research Division Brian Meredith - UBS Investment Bank, Research Division James Allyn Engle - John W. Bristol & Co., Inc. Robert Glasspiegel - Janney Montgomery Scott LLC, Research Division Meyer Shields - Stifel, Nicolaus & Co., Inc., Research Division Ian Gutterman - Adage Capital Management, L.P. Keith F. Walsh - Citigroup Inc, Research Division Joshua D. Shanker - Deutsche Bank AG, Research Division 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 quarterly report on Form 10-Q 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.