...(video playing) Good morning, ladies and gentlemen. I welcome you very warmly here in the ICM, in the International Congress Center of the trade fair in Munich, and also those following online from the internet. I'm Nikolaus von Bomhard, the Chairman of the Supervisory Board. I herewith open the Annual General Meeting of Munich Insurance Company and assume the chairmanship of the meeting in accordance with the Articles of Association. I note that all the members of the Executive and Supervisory Board are present. The minutes of today's AGM will be recorded by the notary, Mr. [Jens Kirchner]. If you wish to contact the notary public, please do so over the speaker's registration desk. Now the meeting has been convened in due form and time as announced in federal gazette of March 20, 2025. Here in the upper floor of the foyer we have a so-called document area where you can peruse all documents relevant to today's Annual General Meeting, amongst others the convening notice, the annual reports,...