...Good afternoon and welcome to Mapfre's activity update for the first quarter of 2025. This is Leandra Clark, Head of Investor Relations. Thank you for joining us today. We have here with us Jose Manuel Inchausti, First Vice President of Mapfre, who will make a few opening remarks and will give an overview of recent business trends. Later, Jose Luis Jimenez, the group's CFO, will comment on the main financials. And Felipe Navarro, Deputy General Manager of the finance area, will walk us through the balance sheet in 2024 embedded value figures which were also released this morning on our website. Just as a reminder, this information is prepared under the local accounting policies applicable in each country. You can use the Ask-a-Question link at any point during the call, and we will open up the Q&A at the end of the presentation. I will now hand the floor over to Jose Manuel Inchausti. Jose Manuel Inchausti Perez ...
