“On that front, we are on track to exceed each commitment made at our December 2019 Investor Day and I am confident. we will continue to deliver for our shareholders and other stakeholders.”

In context

“s approximately $2.7 billion remaining on our repurchase authorization. At the end of the quarter, we had $4.9 billion of cash at our holding companies, which is above the top end of the $3 billion to $4 billion liquidity buffer we maintain. Before I close, let me provide a quick update on our pending reinsurance transaction with Global Atlantic. At this juncture, we have received all necessary regulatory approvals and we expect to close in short order. We do not anticipate any material changes to the terms announced in May. In closing, we hosted a strategy session with our Board of Directors during the first week of October. This recurring annual meeting presents us with an opportunity to pressure test our strategy and to assess progress made toward our next Horizon investor commitments. On that front, we are on track to exceed each commitment made at our December 2019 Investor Day and I am confident. we will continue to deliver for our shareholders and other stakeholders. Now I'll turn it over to John to cover our performance in greater detail. John McCallion : Thank you, Michel, and good morning. I will start with the 3Q '23 supplemental slides which provide highlights of our financial performance including details of our Annual Global Actuarial assumption review. In addition, I'll provide updates on our value of new business metrics, our liquidity and capital positions, as well as our commercial mortgage loan portfolio. Starting on page three, we provide a comparison of net income to adjusted earnings in the third quarter. Net investment losses include the mark-to-market impact on securities that are expected to be transferred with the pending reinsurance transaction with Global Atlantic that we announced at the end of May. For GAAP purposes any increase”