Good morning. Thank you for joining the first half 2026 earnings presentation by Samsung Fire & Marine Insurance. I have with me today CFO and EVP Koo Young-min, who will go through the first half results of fiscal year 2026. After which we will hold a Q&A session, which in total will last for about one hour. With that, let me invite our CFO for the presentation. Good morning. I am Koo Young-min, CFO and EVP of Corporate Management Support Division. Let me begin with the briefing on Samsung Fire & Marine Insurance's 2026 first half business results. During the first half of 2026, as we placed unwavering momentum behind profit-driven growth strategy across all of our business lines, SFMI was able to turn last year's slow profit trend into a full-fledged turnaround in earnings. Insurance profit thus displayed stronger uptrend year-over-year during the second quarter, reporting KRW 1,114.5 billion in the first half, which was up 10.9%. Investment profit sustained its high growth trend, increasing 22% year-over-year, reaching KRW 788 billion. As a result, pre-tax consolidated profit reported KRW 1,850.8 billion, rewriting semi-annual records since the adoption of IFRS 17, with net profit attributable to majority interest coming in at KRW 1,372.3 billion, which is up by 10.2% year-over-year. Now, moving on to key results of each of our business line. Firstly, on the long-term insurance, on the back of strategic shift towards rigorous profit focus undertaken since the second half of last year, and with an operational focus on the fundamentals across the value chain spanning products, underwriting, and channel. Although average monthly new premium reported KRW 14.9 billion, which is down 19.5% year-over-year, CSM multiple came in at 13.9x, improving by 1.1x versus last year. Total CSM also expanded KRW 427.1 billion year- to- date, coming in at KRW 14,594.7 billion. In terms of the efficiency metrics, persistency ratio, particularly for the 21st month and 37th month overall displayed improvements up 6 percentage points and 6.3 percentage points year-over-year respectively, which were sizable increases. Loss ratio, which worsened during last year, fell 1 percentage point in the first quarter, and down 1.7 percentage points Q-on-Q during Q2, shifting to a stable trend. Total insurance profit also increased 5.6% year-over-year, recording KRW 880.4 billion in the first half. Despite challenging business environment, long-term insurance business saw improvements in its efficiency metrics and regained profitability from its core businesses. Moving into the second half, while anchoring on enhancing future value and fundamental resilience and profit focus, we will continue on gradually improving our insurance profit. By driving top line recovery from health insurance and maximizing channel productivity, we will bring distinguished results in strengthening stronger earnings foundation for the company and a generation of new business CSM. [Non-English content] Next is auto insurance supported by profitability first discipline. As we pushed more for higher quality portfolio rather than a mere top line expansion, first half insurance revenue reported KRW 2,740 billion, a slight decline year-over-year. [Non-English content] However, despite higher loss per claim following increases in claims cost, thanks to our effort to expand earned premium since the second half of last year, coupled with a decline in the accident rate on lower mileage traveled, Q2 insurance profit reported KRW 29.6 billion, which is a turnaround both for the quarter and on first half cumulative basis. [Non-English content] As we move into the second half by identifying higher quality contracts, strengthening loss reduction disciplines, and supported by improved guidelines, we will amplify the speed of operational innovation so that we can rebuild our earnings structure, not simply defending the bottom line, so that we may establish sustainable model for profit making business. [Non-English content] Next is on P&C business. Driven by revenue growth both from domestic and global businesses, insurance revenue was KRW 942.5 billion, up 11.2% year-over-year. On highly granular management of low margin sectors and decline in large loss event, loss ratio reported 56.9%, improving by 6 percentage points year-over-year. Insurance profit thus reported KRW 187.5 billion, which is a sizable expansion by KRW 80.7 billion year-over-year. [Non-English content] In the second half of the year, we will continue to diversify company's portfolio pivoting on strategies for specialty and marine insurance, and by fine tuning loss management framework, we will solidify market leadership in the domestic B2B market. Anchored on collaborations with Canopius, business capacity gains and stronger growth prospects from Samsung Re, we will expand our business footing in the global market, which in turn will prove their competitiveness as growth engines for the future. [Non-English content] Next is on asset management. As we continue investing into higher yielding assets for the purposes of enhancing running yield, we drove steady growth of interest income, which was accompanied also by higher valuation gains on the back of strong stock market. Investment yield for the first half was 3.5%, with investment profit on the AUM recording KRW 1,749.8 billion, increasing by 16.3% year-over-year, sustaining high rate of uptrend. [Non-English content] In the second half, we will tightly manage asset quality for domestic and global real estate and retail loans, and continue to add exposures on high yielding interest bearing asset and build high return portfolio around private assets so as to drive sustainable performance despite volatilities in the market underpinned by balance between stability and profitability. [Non-English content] Despite intensifying market competition and rise in claims weighing down on industry's profit, SFMI shifted its focus around profit-driven approach early on while leveraging our enterprise wide risk management and capital response, we were able to turn the tide away from profit slowdown and achieve to record high semi-annual performance. [Non-English content] Also, last month, global ratings agency S&P upgraded the company from AA- to AA, making SFMI the first and the only Korean private company to be given AA ratings, which is a recognition of our positioning that sits on par with global top tier insurance writers. [Non-English content] With this ratings upgrade, we can give confidence to B2C customers in our strong financial soundness and capacity for fulfilling claims payment. For the B2B customers, we expect to be able to offer a stronger and stable risk protection across various domains. We also expect this will positively contribute to broadening our global cooperation with overseas partners, reinsurers, and financial institutions. [Non-English content] The world at this very moment is facing the great tide of AI transformation, which is redefining the order of not just insurance but of all industries as we know it. SFMI is not staying complacent, but have embarked on organizational realignment, infrastructure enhancement, and enterprise wide execution to become an AI Native Company. [Non-English content] By innovating productivity of our core businesses through the redesign of the company's workflow powered by AI, and differentiating customer value through delivery of data-driven ultra-personalized experience, we will cultivate AI and data-driven businesses into future growth engines, thereby cementing industry's number one positioning while striving towards becoming a global leading P&C insurer. [Non-English content] In the second half, we will continue to build on core fundamentals by driving innovation across all businesses. By taking on bold challenges, we will broaden the basis for growth. We will do our utmost to have our distinctive core value be better recognized by the market and make sure it translates into real improvements in shareholder value. Thank you.