Allstate Corporation (The)

Standing by, welcome to Allstate's first quarter earnings investor call. At this time, all participants are in listen-only mode. After the prepared remarks, there will be a question and answer session. To ask a question during this session, you'll need to press star 1-1 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 1-1 again. Please limit your inquiry to one question and one follow-up. As a reminder, please be aware this call is being recorded. And now I'd like to introduce your host for today's call, Alistair Gobin, Head of Investor Relations. Please go ahead, sir.

Good morning, everyone. Welcome to Allstate's first quarter 2026 earnings call. Yesterday, following close of the market, we issued our news release and investor supplement and posted related materials on our website at allstateinvestance.com. Today, our management team will discuss how Allstate is creating shareholder value. Then we will open up the line for your questions. As noted on the first slide of the presentation, our discussion will include non-GAAP measures for which reconciliations are provided in the news release and investor supplements. We will also make forward-looking statements about Allstate's operations. Actual results may differ materially from those statements, so please refer to our 2025 10-K and other public filings for more information on potential risks. Let's start with three of our recent advertisements, and then Tom will begin.

I'm a 200-year-old elm, and while I might be holding up on the outside, on the inside, I'm dead.