Mr. Haughton: Our company was founded in 1972. It was purchased by Allstate in 1973, and we took it public from Allstate in 1995. At that time when we took it public, we were the sixth largest public offering in the history of the New York Stock Exchange, so we've been a public company now for approaching five years. We are headquartered in San Francisco. We are one of the largest private mortgage insurers in the United States. The mortgage lender is our customer. We provide our customer protection against potential losses in the event of borrower default, and by covering default risk on the residential first mortgage loan, PMI facilitates the sale of low down payment mortgages in the secondary market. We expand home ownership opportunities by enabling the borrowers to purchase homes with down payments of less than 20%. We provide mortgage guarantee insurance, not just from the United States, this year we've expanded internationally to Hong Kong, and we've recently acquired a mortgage insurance company in Australia that provides mortgage insurance in both Australia and New Zealand. We are a leader in risk management technology, and we provide products and services to the whole mortgage finance industry as well as title insurance. We do own a title subsidiary that is based in Florida, but is quickly becoming a nationwide writer of title insurance. We help to facilitate home ownership, and we do that through our affordable housing programs and there's a whole list of things that we do in that regard. I think that's pretty much the profile, the background, as far as PMI.
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