International General Insurance Holdings Ltd.

Good day and welcome to the International General Insurance Holdings third quarter and nine-month 2025 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 Corporate Relations. Please go ahead.

Thanks, Bailey. And good morning and welcome to today's conference call. Today we'll be discussing the financial results for the third quarter and the first nine months of 2025. You will have seen our results 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. We have also posted a supplementary investor presentation, which can be found on our website on the presentations page in the investor section. On today's call are Executive Chairman of IGI, Wasip Jabshe, President and CEO, Waleed Jabshe, and Chief Financial Officer, Pervez Rizvi. As always, 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 the first nine months of 2025, and finish up with our views on the market conditions and outlook for the remainder of this year and the upcoming January 1, 2026 renewals. At that point, we'll open the call up to 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 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 out in the company's annual report on Forms 20F. For the year ended December 31st, 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 also available on our website. With that, I'll turn the call over to our Executive Chairman, Wasip Jopce.

Thank you, Robin, and good day, everyone. Thank you for joining us on today's call. IGI once again delivered excellent results both for the third quarter and the first nine months of 2025. We generated net income of $3.5 billion and $94.9 million for the third quarter and first nine months respectively. And this resulted in an annualized return on average equity of 20% for third quarter and 19% for the first nine months of the year. We continue to outperform and deliver superior results even in what is becoming a more competitive marketplace. We have consistently demonstrated our ability to perform well, no matter where we are in the market cycle, through focus, discipline, and consistent execution. That really is the whole mark of our strategy and why we have successfully managed the cyclicality of our business for well over two decades. Our value at IGI is in our ability to actively manage our capital so that we generate consistently high-quality returns in any stage of the market cycle. So far in 2025, in addition to strong earnings, our active capital management has resulted in us growing book value per share by almost 10% to $16.23 per share in the past nine months of the year and returning a total close to $100 million to shareholders in dividends and share repurchases. Before I hand over to Alib, I want to congratulate all of our people at IGI on the tremendous news of our S&P financial strength rate upgrade. to A with stable output. When we started writing business back in 2002, we were unrated. It was only three years later, in 2005, that we were assigned our first rating of BBB from SRP. To see how far we have come since the early days of IGI, through sheer hard work and decision focus gives me immense pride. We have grown largely organically from 25 million U.S. dollars of initial capital to almost 700 million in shareholders equity. This is quite an achievement. I will now let Waleed discuss the numbers in more detail and talk about market conditions and our outlook for the remainder of the year. And I will remain on the call for any questions at the end. Waleed, please go ahead.