International General Insurance Holdings Ltd.

Good day and welcome to the International General Insurance Holdings Limited third quarter and first nine months of 2023 financial results conference call. All participants are in a 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, Betsy, and good morning, and welcome to today's conference call. Today we'll be discussing our 2023 third quarter nine-month results. You will have seen our results press release that we issued after the market closed yesterday. If you'd like a copy of the press release, it's available on on our website in the investor section. We've also posted a supplementary investor presentation, which can also be found on our website on the presentations page in the investor section. With me on today's call are our executive chairman, Wasip Jobche, our CEO, Waleed Jobche, and our CFO, Pervez Rizvi. Wasip will begin the call with some high-level comments before handing over to Waleed to talk through the key drivers of our results for the third quarter and also giving some insight into current market conditions and our outlook for the remainder of 2023. At that point, we'll open the call up for Q&A. And before we begin, I will just go through some of the customary Safe Harbor language. Our speaker's remarks may contain forward-looking statements. Some of these 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 by us that the future plans, estimate, 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 Forms 20F for the year ended December 31st, 2022, the company's reports on Form 6K and other filings with the SEC, as well as our results press release issued yesterday afternoon. 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, as you are aware, we voluntarily changed our basis of accounting from IR4S to US GAAP as of the 1st of January, 2023. During this call, we will use certain non-GAAP financial measures. For a reconciliation of non-GAAP financial measures to the nearest GAAP measure, please see the earnings release which we posted and which has now been filed with the SEC and is available on our website. With that, I'll turn the call over to our Executive Chairman, Wasif Jobche.

Thank you, Robin, and good day, everyone. Thank you for joining us on this call. I'll just make a few short remarks before handing the call over to Ali. We had an excellent third quarter with very strong performance across all key metrics. For the quarter, we exceeded our long-term averages on most financial measures through the consistent execution of our strategy. our deep understanding of our market, and being able to anticipate shifting trends in our markets. I expect this will continue as we close out 2023. The current market conditions continue to provide us with the opportunity to clearly demonstrate our proficiency at shifting our focus to those lines and markets. with the highest margins. While always staying within our risk appetite, it is this discipline and focus that is leading to the consistency and quality of our results. In six of the last seven quarters, we've recorded combined ratios in the low to mid-70s, with cooperating ROEs well in excess of 20% and sometimes 30%. I would dare to say that IGI is currently one of the best performing specialty lines companies. This is the result of focus, experience, and cohesive team of people and a strategy well executed. For The year to date, we have grown our book value per share by more than 21%. We are committed to continuing to build value for our shareholders who have put their trust in IGI and supported us. We take the promise seriously, and I'm very pleased with what we have been able to achieve. I will now hand over to Alid, who will take you through the results and provide more details on our outlook for the remainder of 2023 and the year ahead. I will remain on the call for any questions at the end. Thank you.