Power Corporation of Canada

Good morning, ladies and gentlemen, and welcome to the Power Corporation's first quarter 2025 earnings conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. Analysts who wish to join the question queue may press star then 1 at any point throughout the call. If anyone has any difficulties hearing the conference, press star then 0 for operator assistance at any time. I would like to remind everyone that this call is being recorded on Wednesday, May 14th, 2025. I would now like to turn the conference over to Mr. Stephen Hung, Head of Investor Relations for Power Corporation. Please go ahead, sir.

Thank you, operator. Good morning, everyone. And thank you for joining the call to discuss our first quarter financial results. Before we begin, please note that the live webcast link and materials for this call are posted under the Shareholder Reports tab on our website at powercorporation.com. Please turn to slide two. I would like to draw your attention to the cautionary note regarding the use of forward-looking statements, which form part of today's remarks. Please also refer to slide three for a note on the use of non-IFRS financial measures, other measures, and clarifications on adjusted net asset value. To discuss our results today, Joining us are President and CEO, Jeffrey Orr, and our EVP and CFO, Jake Lawrence. We will begin with opening remarks, followed by Q&A. With that, I'll turn the call over to Jeff.

Thank you, Steve, and welcome, everyone. Thanks for joining us this morning. I am going to just draw your attention on page five to recent events. investor disclosures at our various group companies. Of course, we've just come through a number of annual general meetings for Great West and IGM and GBL, and Powers is later this morning. As well, there was a Great West Life Co-Investor Day that had a lot of interesting information, so lots of stuff available on our various websites. Moving forward, this is PowerCorp's 100th anniversary this year, so we're celebrating what we call a century stronger. The actual birthday was April 18th, and we're just cleaning up the birthday cake around here. Now, it's a big year for us. The company's been around a long time, gone through a lot of change, and so we're celebrating that this year. Moving forward to page seven, you know, we had, I would describe, a solid quarter on track. The two businesses, Great West Life and IGM, that produced basically all of our repeatable earnings, had solid earnings growth. I mentioned the Great West Life Investor Day. I'm going to come back and highlight a few points on that. Our alternative asset management platforms did a number of steps since we last met, which was only about seven or eight weeks ago, I think, when we had our Q4 call. So a number of other developments adding to the scale and the breadth of those organizations. And there's a number of leadership changes that I want to give my comments to and to you and share with you as we go through the presentation. With that, I'm going to pass it over to Jake.