NMI Holdings Inc

Good day and welcome to the NMI Holdings second quarter 2024 earnings conference call. All participants will be in a listen-only mode. Should you need any 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 call is being recorded. I would now like to turn the conference over to Mr. John Swenson of Management. Please go ahead.

Thank you, operator. Good afternoon and welcome to the 2024 second quarter conference call for National MI. I'm John Swenson, Vice President of Investor Relations and Treasury. Joining us on the call today are Brad Schuster, Executive Chairman, Adam Politzer, President and Chief Executive Officer, and Aurora Swithinbank, our Chief Financial Officer. Financial results for the quarter were released after the close today. The press release may be accessed on NMI's website located at nationalmi.com under the Investors tab. During the course of this call, we may make comments about our expectations for the future. Actual results could differ materially from those contained in these forward-looking statements. Additional information about the factors that could cause actual results or trends to differ materially from those discussed on the call can be found on our website or through our regulatory filings with the SEC. If and to the extent the company makes forward-looking statements, we do not undertake any obligation to update those statements in the future in light of subsequent developments. Further, no one should rely on the fact that the guidance of such statements is current at any time other than the time of this call. Also note that on this call, we may refer to certain non-GAAP measures. In today's press release and on our website, we've provided a reconciliation of these measures to the most comparable measures under GAAP. Now I'll turn the call over to Brad.

Thank you, John, and good afternoon, everyone. I'm pleased to report that in the second quarter, National MI again delivered strong operating performance, continued growth in our insured portfolio, and record financial results. We also achieved a notable milestone, closing the second quarter with a record 203.5 billion of high-quality, high-performing insurance in force. It's the first quarter our insured portfolio has surpassed 200 billion, and the size and strength of our portfolio today serves to highlight the consistent and significant success we've been delivering for so long. National MI was formed with a goal to provide a differentiated commitment and standard of service and a clear vision as to how we should engage in the market to drive value for our borrowers, our lender customers, our employees, and our shareholders. And it's remarkable to reflect on all that we have achieved to date. We've helped over 1.8 million borrowers gain access to a mortgage and opened the door to affordable and sustainable home ownership in communities across the country. We've established a broadly diversified national customer franchise, serving over 1,500 lenders from a foundation of partnership, trust, and innovation. We've attracted a talented dedicated team who drive our success every day and cultivated a culture of collaboration, integrity, and performance. And we have consistently outperformed, delivering exceptionally strong operating and financial results quarter after quarter. We are leading the private mortgage insurance industry with discipline and distinction and and I am as excited as I've ever been about the opportunity that we have to continue to outperform as we go forward. With that, let me turn it over to Adam.