International General Insurance Holdings Ltd.

Good day and welcome to the International General Insurance Holding Limited second quarter and first half 2025 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 that this event is being recorded. I would now like to turn the conference over to Robin Sidders, head of investor relations. Please go ahead.

Thanks, Nick. And good morning and welcome to today's conference call. Today we'll be discussing financial results for the second quarter and first half of 2025. You will have seen our press release that we issued after the market closed yesterday. That press release can be found on our website at .iginsure.com. We've also posted a supplementary investor presentation, which can be found also on our website on the presentation page in the investor section. On today's call, our executive chairman of IGI, Wasif Jabshay, President and CEO Waleed Jabshay, 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 you through the key drivers of our results for the second quarter and first half and finish up with our views on the market conditions and the outlook for the remainder of 2025. At that point, we'll open up the call for questions that any of the dialers may have. I'll begin with a customary Safe Harbor language. Our speakers' 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 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 and 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 that was amended 31st of December, 2024, the company's reports on form 6K, and other filings with the SEC, as well as our results press release that we issued yesterday evening. We undertake no obligation to update or revise publicly any forward-looking statements, which speak only of the date they are made. During this call, we use certain non-GAAP financial measures for reconciliation of non-GAAP measures to the nearest GAAP measure. Please see our earnings release, which has been filed with the SEC, and as I said, is available on our website. With that, I'll turn the call over to our executive chairman, Wasif Jabsha. Wasif.

IGI once again delivered excellent results for the second quarter and third six months of 2025. We generated net income of $34.1 million and $61.4 million for the second quarter and third six months, respectively. We also generated net income of $34.1 million and this resulted in an annualized return average equity of .8% for the second quarter and .6% first half of the year. I'm very pleased with our strong performance, particularly our ability to maintain our focus, exercise discipline, and execute consistently. Given the very international nature of our portfolio, as well as our presence in many regions, we are often directly exposed to some form of geopolitical and or macroeconomic uncertainty. Over more than 20 years, we have consistently demonstrated our strength and proficiency in the development of the world. In managing through all stages of cycling, moving our capital to those areas with the strongest rate momentum and the highest margins and reducing in other areas where conditions are such that we are not able to meet our proctorist targets. That is the fairness and the benefit of having a very diversified platform and always working within our risk, appetite, and policies. Our value at IGI is in our ability to generate consistently high quality results in any stage of market cycle so that we continue to reward our shareholders who have put their trust in us and supported us. So far in 2025, in addition to strong earnings, our proactive capital management has resulted in us growing book value per share by .4% to $15.36 per share in the third half of the year and depending on the total of 77 million dollars to shareholders in dividends and share repurchase. I will now let Walid discuss the numbers in more detail and talk about market conditions and our outlook for the remainder of the year. I will remain on the call for any questions at the end.