Good day, and thank you for standing by. Welcome to the Allstate Announcing the Sale of the Employer Voluntary Business Benefits call. All participants are in a listen-only mode during prepared remarks. As a reminder, this call is being recorded. And now I'd like to introduce your host for today's program, Alastair Gobin, Head of Investor Relations. Please go ahead. Thank you, Jonathan. Yesterday, following the close of the market, we issued a press release announcing Allstate's agreement to sell the Employer Voluntary Benefits business. Our Chair, President, and CEO, Tom Wilson, and Chief Financial Officer, Jess Merten, will provide prepared remarks. This call will last around 10 minutes, and the slide presentation can be found on our website at allstateinvestors.com. As noted on the first slide of the presentation, our discussion today may contain forward-looking statements about Allstate's operations. Allstate's results may differ materially from these statements, so please refer to our 10-K for 2023 and other public documents for information on potential risks. Now I'll turn it over to Tom. Good morning. Thank you for joining us. Let's start with a summary on slide 2. Last night, we announced an agreement to sell the Employer Voluntary Benefits business to StanCorp Financial for a purchase price of $2 billion. This represents the first step in the strategic decision to combine the Employer Voluntary Benefits, Group Health, and Individual Health businesses with other companies to realize their full potential. This strategic decision was based on our assessment they would be better owners than Allstate that could achieve economic synergies and accelerate growth by combining business models. This assumption was correct for the Employer Voluntary Benefits business. Synergies with Standard exist between Allstate's products, employer relationships, distribution, and talent. Initially, we pursued a single transaction for all three businesses, but after a robust assessment of the marketplace, we decided to pursue separate transactions. We're working with potential buyers for the other two businesses. This transaction is economically and financially attractive for Allstate shareholders. The purchase price represents a 20.6 multiple on earnings for the last 12 months. This will create a financial book gain of about $600 million. Incremental capital of $1.6 billion will be available to increase market share on Personal Property-L iability and expand protection offerings. Adjusted net income return on equity will decrease by about 100 basis points, reflecting higher capital levels and the absence of $100 million of income, which is only partially offset by investment income on the net proceeds. Starting in the third quarter this year, the EVB business will be accounted for as held for sale until closing, which is expected in early 2025. Let's start with some... Set some context with an overview of the Health and Benefits segment on slide 3. This segment is comprised of 3 businesses, which represent 4% of Allstate's revenues and $243 million of adjusted net income over the last 12 months. Allstate entered the employee voluntary benefits business in 1999 through the acquisition of American Heritage Life, which provides life, accident, critical illness, and hospital indemnity protection to 3.6 million policyholders through employers of all sizes. Distribution is through 4,000 independent agents, benefit brokers, and Allstate exclusive agents. As shown on the table on the bottom, revenues were $1.1 billion, and adjusted net income was $97 million over the last 12 months. This is the business that's being sold to Standard. In 2021, we acquired the group and individual health businesses as part of the National General acquisition and combined the three businesses into one segment since they have similar risk profiles and all had attractive growth prospects. Group Health provides stop-loss and fully insured group health protection to small businesses. Revenues were $781 million, and adjusted net income was $98 million over the last 12 months. The individual health business provides short-term medical and Medicare supplement insurance to individuals. It has exceptionally broad distribution, with more than $600 million of revenue, of which almost $200 million is fees and other revenue. Adjusted net income was $48 million over the last year. As you can see, the business is not being sold as Standard generates significant revenue and attractive returns. Slide four shows that the Employer Voluntary Benefits business is a great strategic fit for Standard, and that with the backing of its parent, it has the financial wherewithal to complete the transaction. Jess will now take you through the specifics of what's being sold and the terms and conditions. Thank you, Tom, and good morning, everyone. Let's go through a summary of the terms of the sale on slide 5. The purchase price is $2 billion in cash, with $270 million of Statutory Capital will be transferred with the business at closing. This represents a multiple of 20.6x the latest 12-month earnings, which is attractive when compared to other similar transactions and much higher than Allstate's earnings multiple. Allstate retains the economics of owning the business until closing. The transaction is subject to regulatory approval from the Departments of Insurance in Florida and Oregon. The Employer Voluntary Benefits business will be reclassified as Held for Sale, beginning with the third quarter financial statements, which will reduce assets and liabilities by $3 billion and $2.1 billion, respectively. Allstate also entered into an agreement to offer The Standard's products through Allstate's exclusive agents for five years. Let's discuss how the transaction will be reflected in Allstate's financials on slide six. The sale price of $2 billion will net to $1.7 billion after taxes and generate a gain of about $600 million, which includes an estimated allocation of goodwill to the business being sold. Revenues, investments, and adjusted net income will decrease by 2%-3% after the sale. Results will continue to be reflected in GAAP net income and adjusted net income until the transaction closes. Return on equity will decrease by about 100 basis points due to lower income and higher equity, reflecting the gain on sale. Available capital will increase by $1.6 billion, or about 8% above June 30, 2024. Let's close on slide 7 by reiterating our strategy and priorities and put this all in context. So, Allstate strategy, as you know, has two components: increased Personal Property-Liability market share, and expanded protection provided to customers, which are shown in the two ovals on the left. The sale of the Employer Voluntary Benefits business represents the first step in combining the Health and benefits businesses with companies that have capabilities to realize their full growth potential. We're excited about the future of this business as part of Standard. Customers, brokers, and Allstate agents will benefit from the combined capabilities of two great companies. Allstate shareholders will benefit by deploying capital into Property-L iability growth. The sale of the Group and Individual Health businesses is also underway. Shareholder value will also be increased by the programs we still we always have had in place, which is improving auto and home insurance profitability, accelerating transformative growth to increase auto and home policies in force, proactive risk and return management in investment portfolio, and expanding protection services. With that, thank you for your continued engagement with Allstate, and we'll talk to you at the third quarter earnings call. Thank you, ladies and gentlemen, for your participation in today's conference. This does conclude the program. You may now disconnect. Good day.