Financial Data and Key Metrics Changes - In 2024, the company generated adjusted earnings per share of $8.11, representing an 11% increase compared to the previous year [14] - Adjusted return on equity increased to 15.2% from 13.8% in 2023 [14] - The company returned $4.7 billion to shareholders through $3.2 billion in common stock repurchases and $1.5 billion in common stock dividends [14] Business Line Data and Key Metrics Changes - The company successfully completed its five-year Next Horizon strategy in 2024, exceeding all financial commitments set during the 2019 Investor Day [14] - The new strategy, New Frontier, aims for double-digit adjusted EPS growth and a 15% to 17% adjusted ROE over the next five years [15][16] Market Data and Key Metrics Changes - The company is focused on generating over $25 billion in free cash flow over the next five years, despite external uncertainties [16] Company Strategy and Development Direction - The New Frontier strategy is an evolution that leverages the strength of diversified businesses while capitalizing on market opportunities [15] - The company aims to reduce its direct expense ratio target by 100 basis points [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive long-term value for shareholders and stakeholders, emphasizing the importance of purpose in the company's culture [17][18] - The company was recognized as number 13 on Fortune's list of the world's 25 best workplaces in 2024, highlighting its commitment to employees and communities [17] Other Important Information - The formal business of the annual meeting included the election of directors and the ratification of Deloitte and Touche LLP as the independent auditor for 2025 [9][11] - All proposals presented at the meeting were approved, including the advisory vote on executive compensation [11] Q&A Session Summary Question: Were there any shareholder questions or comments? - There were no shareholder questions or comments related to the proposals during the meeting [10][19]