J. Patrick Gallagher, Jr. | Arthur J. Gallagher & Co. |
Douglas K. Howell | Arthur J. Gallagher & Co. |
Kai Pan | Morgan Stanley & Co. LLC |
Elyse B. Greenspan | Wells Fargo Securities LLC |
Ryan J. Tunis | Autonomous Research |
Charles Gregory Peters | Raymond James & Associates, Inc. |
Mark Douglas Hughes | SunTrust Robinson Humphrey, Inc. |
Robert Glasspiegel | Janney Montgomery Scott LLC |
Michael Zaremski | Credit Suisse |
Yaron Kinar | Goldman Sachs & Co. LLC |
Ian J. Gutterman | Balyasny Asset Management LP |
Meyer Shields | Keefe, Bruyette & Woods, Inc. |
Josh D. Shanker | Deutsche Bank Securities, Inc. |
Good afternoon, and welcome to Arthur J. Gallagher & Co.'s Second Quarter 2018 Earnings Conference Call. Participants have been placed on a listen-only mode.
Your lines will be open for questions following the presentation. Today's call is being recorded.