John Swenson | Vice President, Investor Relations and Treasury |
Bradley Shuster | Chairman and Chief Executive Officer |
Adam Pollitzer | Chief Financial Officer and Executive Vice President |
Julie Norberg | Controller |
Phil Stefano | Deutsche Bank |
Bose George | KBW |
Mackenzie Aron | Zelman & Associates |
Randy Binner | B. Riley |
Chris Gamaitoni | Compass Point |
Geoffrey Dunn | Dowling & Partners |
Good day, ladies and gentlemen, and welcome to the NMI Holdings Fourth Quarter 2017 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] I would now like to introduce your host for today's conference, Mr. John Swenson.