International General Insurance Holdings Ltd.

Good day, and welcome to the International General Insurance Holdings, LTD's, Fourth Quarter, 2024 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 and then two. Please note this event is being recorded. I would now like to turn the conference over to Robin Siders, Head of Investor Relations. Please go ahead.

Thanks, Dave, and good morning, everyone, and welcome to today's conference call. Today we'll be discussing our fourth quarter and full year results. You will have seen our press release that we issued last night after the market closed. If you'd like a copy of the press release, you can find it on our website at iginsure.com. We've also posted a supplementary investor presentation, which can also be found on our website presentations page in the investor section. On today's call, our executive chairman of IGI, Wasif Jabshae. President and CEO, Olive Jobche, and Chief Financial Officer, Pervez Rizvi. As always, Wasif will begin the call with some high-level comments before handing over to Olive to walk you through the key drivers of the results for the quarter and the full year and finish up with some views, with our views on market conditions and our outlook for the rest of 2025. At that point, we'll open up for Q&A. I'll begin with the 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 statements. We caution you that such forward-looking statements would not be regarded as expensive by us, but the future planned estimates or expectations contemplated by us will in fact be. Forward-looking statements involve risks, uncertainties, and assumptions. Actual events and results may differ materially from those connected to forward-looking statements due to a variety of factors including the annual report on Form 20F for the year ended December 31st, 2023, and the company's report on Form 68 and other filings in the SEC, as well as the results of that release that we issued yesterday. We undertake no obligation to update or revise publicly any form. It takes people only as they are made. Also, during the call, we'll use non-GAAP financial measures. For recommendation of non-GAAP financial measures for the nearest GAAP measure, please see our earnings release compiled with the information and available on the website. With that, I'll now turn the call over to our Executive Chairman, Wasim.

Thank you, Robin, and good day, everyone. Thank you for joining us on today's call. We had another outstanding year in 2024. We reported solid results across all of our most important financial metrics, including growth in book value per share of almost 20%, and with dividends included of over 24%. These results once again demonstrate our focus, discipline and consistency in execution and our proficiency in actively managing our capital so that we deliver on the promises we have made to our clients and shareholders. While 2024 was an excellent year, we prefer to look at things over a longer period. We've been in this business for 23 years now, and it's just about five years to the day since we began trading as a public company. For the 18 years prior to going public, we built a successful track record of consistent, strong performance, generating significant value for our shareholders. But it would be fair to say that for any company going public, especially in the United States, they will have to prove themselves all over again. I can confidently say that we have done that over the past five years. We have very clearly demonstrated our ability to not just maintain our track record, but to improve upon it. Our achievements during this period have been nothing short of remarkable. We have doubled the size of our underwriting portfolio, adding new lines of business and entering new markets, including the United States, making us a truly global specialty insurer and reinsurer. We have significantly strengthened our balance sheet to accommodate our larger risk portfolio, more than doubling our asset base, our investments and cash portfolio and our capital position. Most importantly over this time, we have delivered an average core operating return on equity of 20.1%, compounded annual growth in book value per share of 12.3%, and demonstrated our proficiency in actively managing our capital, returning a total of $116.3 million to shareholders in dividends and share purchases. In addition to our financial achievements, I'm particularly proud of our non-financial achievements over the past five years. Most notably for me, that we have carefully and thoughtfully preserved our cultural integrity. I have always thought of IGI as a family working together, sharing perspectives and having mutual respect for one another. and this culture remains deeply embedded across the company today. This is particularly impressive given our rapid growth and has resulted in continued stability in our performance and the excellent results we have achieved. As we look to the years ahead, I'm confident that we will continue to deliver on our promise of consistent value creation to all our stakeholders. I will now hand over to Walid, who will discuss the numbers in more detail and talk about market conditions and our outlook for the year ahead. I'll remain on the call for any questions at the end.