American Financial Group, Inc.

Good day, and thank you for standing by. Welcome to American Financial Group's 2026 Third Quarter Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you'll need to press star-one-one on your telephone. You will then hear an automated message advising your hand is raised. If you would like to remove yourself from the queue, please press star-one again. Please be advised, that today's conference is being recorded. I would now like to turn the conference over to your speaker for today, Diane Weidner, Vice President of Investor Relations.

Please go ahead. Good morning and welcome to American Financial Group's third quarter 2026 earnings results conference call. We released our results yesterday afternoon. Our press release, investor supplement, and webcast presentation are posted on AFG's website under the investor relations section. These materials will be referenced during portions of today's call. Joining me this morning are Carl Lindner III and Craig Lindner, co-CEOs of American Financial Group, and Brian Hertzman, AFG CFO. Before I turn the discussion over to Carl, I would like to draw your attention to the notes on slide two of our webcast. Some of the matters to be discussed today are forward-looking. These forward-looking statements involve certain risks and uncertainties that could cause our actual results and or financial condition to differ materially from these statements. A detailed description of these risks and uncertainties can be found in AFG's filings with the Securities and Exchange Commission, which are also available on our website. We may include references to core net operating earnings, a non-GAAP financial measure, and our remarks were in responses to questions. A reconciliation of net earnings to core net operating earnings is included in our earnings release. and finally, if you're reading a transcript of this call, please note that it may not be authorized or reviewed for accuracy and as a result, it may contain factual or transcription errors that could materially alter the intent or meaning of our statements. Now I'm pleased to turn the call over to Carl to discuss our results.

Well, good morning. I'll begin by sharing a few highlights of AFG's 2026 third quarter results after which Craig and I will walk through more details. We'll then open it up for Q&A where Craig, Brian and I will respond to your questions. We are pleased to report excellent quarterly core net operating earnings, our highest ever for a third quarter. Strong underwriting margins, healthy premium growth and higher quarterly property and casualty net investment income contributed to a new third quarter record for pre-tax property and casualty operating income. Our compelling and diversified mix of specialty insurance businesses, our entrepreneurial culture, disciplined operating philosophy and our astute team of in-house investment professionals continue to position us to create value for our shareholders through a variety of insurance market conditions. Craig and I thank God, our talented management team, and our great employees for helping us to achieve these results. And I'll turn the discussion over to Craig to walk us through some of the details.