International General Insurance Holdings Ltd.

Good day and welcome to the International General Insurance Holdings Limited's fourth quarter and full year 2022 financial results conference call. All participants are 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 Robin Sitters, Head of Investor Relations. Please go ahead.

Thank you, and good morning, and welcome to today's conference call. Today we'll be discussing our fourth quarter and full year 2022 results. You will have seen our press release, which we issued after the market closed yesterday. If you'd like a copy of the press release, it's available in the investor section of our website at iginsure.com. We also posted a supplementary investor presentation, which can be found on our website on the Presentations page in the Investors section. With me on today's call are Wasif Jobche, Chairman and CEO of IGI, Waleed Jobche, President, and Pervez Rizvi, Chief Financial Officer. Wasif will begin the call with some high-level comments before handing over to Waleed to walk through the key drivers of our results for the fourth quarter and full year 2022, and also give some insight into current marking conditions and our outlook for 2023. At that point, we'll open the call up for Q&A. I'll begin with some customary Safe Harbor language. Our speaker's remarks may contain forward-looking statements. Some of the forward-looking statements can be identified by the use of forward-looking words. We caution you that such forward-looking statements should not be regarded as a representation bias that the future plans, estimates, or expectations contemplated by us will in fact be achieved. Forward-looking statements involve risks, uncertainties, and assumptions. Actual events or results may differ materially from those projected in the forward-looking statements due to a variety of factors, including the risk factors set forth in the company's annual report on Form 20F for the year ended December 31st, 2021, the company's reports on Form 6K, and other filings with the SEC, as well as our results press release issued yesterday evening. We undertake no obligation to update or revise publicly any forward-looking statements which speak only as of the date they are made. In addition, we use non-IFRS financial measures in this conference call. For a reconciliation of non-IFRS measures to the nearest IFRS measure, please see our earnings release which has been filed with the SEC and is available on our website. With that, I'll turn the call over to our Chairman and CEO, Wasip Jobche.

Thank you, Robin, and good day, everyone. Thank you for joining us on today's call. We had another excellent year in 2022 to close out our 20th anniversary year. As we begin our third decade, we are in our strongest position ever with exceptional teams across the company. a performance-based culture, and a proven ability to manage the growth, volatility, and the cyclicality of this business. For 20 years, our focus has been on creating a solid and lasting company built on financial strength, innovation, and one that is a fair partner to all our stakeholders. Our track record of earnings stability and consistency shows that we are certainly on the right path. We posted record results in many of our key metrics in 2022. Our full year combined ratio of 78.5% and core operating return on average shareholders' equity of 22.7% demonstrate how our strategy and execution capabilities are driving consistent high-quality returns and shareholder value. I want to thank all of our IGI family for their focus and dedication to the continued success of IGI. Walid will talk about the results in more detail and specifics on what we are seeing in the market. So just a few more comments from me. Overall, the market remains robust with varying competitive pressures leading to some fragmentation between lines and territories. Our industry continues to face a lot of headwinds, with social and financial inflation, political instability, and increasing frequency and severity in natural catastrophes, among others. The market is becoming more challenging generally. Nevertheless, We are still seeing and expect to continue to see some very good opportunities for new business across our portfolio. So we continue to be optimistic about our future and continuing to deliver on our commitment to creating value for the long term. Now, Walid can take you through the results for the quarter and full year and provide more details on our outlook for the remainder of 2023.