International General Insurance Holdings Ltd.

Good day and welcome to the International General Holdings LTD's first quarter 2025 financial results conference call. All participants will be 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.

Thanks, Scott, and good morning and welcome to today's conference call. Today we'll be discussing our first quarter 2025 results. We issued our press release last night, which you would have seen after the market closed. If you'd like a copy of the press release, it's available in the investor section of our website. We also posted a supplementary investor presentation, which can be found on our website on the presentation page in the investor section. On today's call are Executive Chairman of IGI, Wasif Jabsha, President and CEO, Waleed Jabsha, and Chief Financial Officer, Pervez Rizvi. As always, Wasif will begin the call with some high-level comments before handing over to Waleed to talk through the key drivers of the results for the first quarter and finish up with our views on market conditions and our outlook for the rest of the year. 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 by us, but 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 Forms 20F for the year end of December 31, 2024, 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. During this conference call, we use certain non-GAAP financial measures. For a reconciliation of non-GAAP financial measures to the nearest GAAP measure, please see our earnings release, which has been filed with the SEC and is available on our website. And with that, I'll turn the call over to our Executive Chairman, Wasif Javshay.

Thank you, Robyn. And good day, everyone. Thank you for joining us on today's call. As you saw from our first quarter results that we issued last night, we had a relatively good start to 2025, in spite of significantly elevated loss environment, as well as macroeconomic uncertainty and much volatility. Our combined ratio of 94.4% clearly demonstrates the value of our diversification strategy and the resilience that we have built in our company. While we experienced significant volume of market losses this quarter, for the first time in many quarters, we continue to deliver excellent value for our shareholders. For the second consecutive year, We paid a special dividend during the first quarter this year of $0.85 and in total returned $43.5 million to shareholders during this period. The events of the first quarter once again underscore why we exist. We are here to provide peace of mind in times of uncertainty. That is our purpose. We are paid to assume volatility and we are strategically positioned to absorb it and mitigate it as much as possible for our clients and customers. At IGI, we have built a very solid platform that is designed to manage market cycles and the volatility that is the nature of our business. We have deep technical underwriting talent, people who understand the dynamics of their business, who stay close to their markets and respond quickly to changes as they are occurring. Our track record demonstrates our ability to maintain our discipline, execute consistently and move our capital to those areas with the strongest rate momentum and the highest margins while always working with our risk appetite and tolerances. I am comfortable and confident with the foundation we have at IGI to continue to deliver on our promises, not just to be stable, and reliable partner to our clients and customers, but to generate good value for our shareholders over the long term. I will now let Waleed discuss the numbers in more detail and talk about market conditions and our outlook for the year ahead. I will remain on the call for any questions at the end.