Conifer Holdings, Inc.

Good morning and welcome to the Conifer Holdings first quarter 2023 earnings conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Brian Roney. Please go ahead.

Thank you and good morning, everyone. Conifer issued its 2023 first quarter financial results after the close of market yesterday. You can find copies of the earnings release on the company's website, ir.cnfrh.com. The slide presentation accompanying management's discussion this morning is is available to view or download via webcast or from the investor relations section of Conifer's website. Before we get started, please note that except with regard to historical information, statements made in this conference call may constitute forward-looking statements within the meaning of the federal securities laws, including statements relating to trends, the company's operations and financial results, and the business and the products of the company and its subsidiaries. Actual results may differ materially from the results anticipated in these forward-looking statements due to various risks and uncertainties underlying our forward-looking statements as described from time to time in CONIFER's filings with the SEC, including our latest Form 10-K and subsequent reports. CONIFER specifically disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, future developments, or otherwise. In addition, a replay of this call will be provided through a link on the investor relations section of our website. During this call, we'll also discuss non-GAAP financial measures as defined by SEC Regulation G. Reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures are included when possible in our earnings release and our historical SEC filings. Statutory accounting data is prepared in accordance with statutory accounting rules and is therefore not reconciled to GAAP. We will conduct a Q&A session after management's prepared remarks this morning. With that, I'll turn the call over to Jim Peckhoff, Executive Chairman and Co-Chief Executive Officer. Jim?

Thanks, Brian. Good morning, everyone. Joining me today on the call are Nick and Harold as well. I'm pleased to report that the first quarter financial results bear out the key strategic decisions management has been implementing over the past several years. In particular, the actions we took to improve our business mix by focusing on select profitable verticals as well as strengthening our overall reserves. Together, these actions have positioned us for profitable future growth. One of the major initiatives undertaken in 2022 was the execution of our lost portfolio transfer reinsurance agreement, specific to liability lines for accident years 2019 and prior. As we will report in further detail later in the call, we have begun to recognize the benefits resulting from that decision already in the first quarter of 2023, and we are confident that these favorable results will continue. As always, we remain dedicated to preserving the sustainable top line, continuing to streamline our expense structure, and maintain our operational profitability to generate favorable return to account for shareholders. In that light, I'm pleased to report significant improvement across a broad spectrum of metrics for the first quarter. These and other underwriting improvements have been instrumental in our ability to achieve profitability this quarter. And we will continue to evaluate and refine our underwriting practices to drive sustainable growth. We are proud of the hard work and dedication of our entire team, and we remain committed to delivering exceptional value to our insureds and our shareholders. We will continue to build on this quarter's success in the months and years to come. I'm now going to hand it off to Nick for more color on our underwriting.