[ The transcript was presubmitted by Loews Corporation. No live call was conducted for the first quarter earnings call. ] Good morning. Loews reported very strong results in the second quarter but instead of reviewing the highlights of each business’s performance, I’m going to let our CFO Jane Wang provide those details so I can discuss the leadership transitions of which you may already be aware. As you likely know, last month, Dino Robusto, the CEO of CNA Financial, announced his retirement effective December 31st, and the company’s current Global Head of Underwriting, Doug Worman, was selected by CNA’s Board to succeed Dino. We are delighted that Dino will continue to advise CNA as Executive Chairman of the Board, and we thank him for working tirelessly and I mean tirelessly over the past eight years to lead the company to record levels of profitability and top quartile underwriting performance. Dino’s successor Doug Worman is a proven leader with a clear vision for the company, and we are confident -- as is the CNA Board of Directors that CNA will continue to excel under his leadership. Doug has worked closely with Dino over the past five years, and this recognition and promotion was both carefully considered and well-deserved. We look forward to working with Doug in his new role as President and CEO. And speaking of retirement -- by now you will have probably heard that, after exactly 25 years as CEO of Loews Corporation and a total of 47 years in the company’s employ, I have decided that a transition to new leadership is in order. As of December 31st of this year, I will retire as President and CEO, at which point Ben Tisch will assume the CEO role. On January 1st of 2025, I will become Chairman of…

Thank you, Jim, for your incredible leadership and tremendous contributions to Loews over all these years. I’d also like to congratulate Ben and look forward to continuing to work with him and supporting him in his new role. Loews reported a very strong second quarter, with net income of $369 million or $1.67 per share, compared with net income of $360 million or $1.58 per share in last year’s second quarter. Excluding a prior period gain of $36 million at Loews Hotels, net income increased 14% year-over-year, driven by solid results at both CNA and Boardwalk. Book value per share increased from $70.69 at the end of 2023 to $74.57 at the end of 2024’s second quarter, and book value per share excluding AOCI increased from $81.92 at the end of 2023 to $85.42 at the end of the second quarter. These increases were driven by strong earnings during the first half of the year. We are pleased that CNA continued to produce excellent results in the second quarter. The company contributed net income of $291 million to Loews, which represents an increase of $36 million compared to $255 million in the second quarter of 2023. The year-over-year increase was driven by higher net investment income partially offset by greater catastrophe losses. Net investment income remains a tailwind for CNA. In the second quarter, the company’s net investment income increased by 7% year-over-year due to favorable reinvestment rates on fixed income securities, a larger invested asset base, and improved LP returns. Pre-tax income from fixed maturities increased by $30 million in the second quarter over the prior year’s second quarter due to a 20-basis-point increase in pre-tax yields to 4.8%. LP income increased by $19 million over last year’s second quarter. Continued profitable growth drove another quarter of robust underlying…