AMERISAFE, Inc.

Please stand by. Good day and welcome to the Amerisafe second quarter 2026 earnings call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Kathryn Shirley, Chief Administrative Officer. Please go ahead.

Thank you, operator, and good morning, everyone. Welcome to the Amerisafe 2026 second quarter investor call. If you have not received the earnings release, it is available on our website at amirasafe.com. This call is being recorded. A replay of today's call will be available. Details on how to access the replay are in the earnings release. During this call, we will be making forward-looking statements intended to fall within the safe harbor provided under the securities laws. These statements are based on current expectations and assumptions. that are subject to various risks and uncertainties. Actual results may differ materially from the results expressed or implied in these statements. If the underlying assumptions prove to be incorrect or as the results of risks, uncertainties, and other factors, including factors discussed in the earnings release, in the comments made during today's call, and in the risk factors section of our Form 10-K, Form 10Qs, and other reports and filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statement. I will now turn the call over to Janelle Frost, Amerisafe's President and CEO.

Thank you, Kathryn, and good morning, everyone. With me on the call today is Guillermo Ramos, our Chief Financial Officer, and Vincent Gagliano, our Chief Risk Officer. We appreciate your interest in Amerisafe and look forward to discussing our second quarter 2026 results. The workers' compensation market remains profitable, but the industry continues to observe gradual softening environment. Rate reductions, increasing medical costs, moderating reserve redundancies, and heightened competition continue to pressure industry-wide results. Despite those dynamics, Amerisafe specialized underwriting expertise focus on high-hazard industries and disciplined pricing strategies continue to differentiate our results in the marketplace. The second quarter reflected a continued strength in our underlying business. We delivered our ninth consecutive quarter of premium growth, generated a return on average equity of 23.5% and continued to grow policy count despite a highly competitive market. Net premiums earned increased 11.4% compared to the prior year quarter supported by strong renewal retention of over 93%, growth in policy count, and favorable audit premium activity. Growth premiums written increased 7.9% while voluntary premiums on policies written in the quarter increased 5.7% year over prior year quarter. We were also encouraged by payroll audit activity during the quarter. Audit premiums and related adjustments contributed 4.1 million to premiums written. Substantially above the prior year period. Payroll growth among our insureds remains healthy, reflecting continued economic activity across many of the industries we serve. Our current accident year loss ratio remains 72%. Claim frequency was up from the prior accident year at six months, returning closer to 2023 levels. The severity was down from the prior accident year at six months. As for prior years, we recognized 7.3 million of favorable reserve development during the quarter from accident years 23 and prior. Favorable development remains solidly positive and reflects the continued quality of our reserve position. Looking ahead, we remain focused on balancing profitable growth, underwriting discipline, operating efficiency, capital strength, and long-term shareholder value creation. While the market environment presents its challenges, We believe Amerisafe is well positioned due to our strong customer retention, specialized expertise, financial strength, and exceptional employee culture. With that, I'll turn the call over to Guillermo to discuss the financial results.