Trean Insurance Group, Inc.

Greetings, and welcome to the Trayon Insurance Group Inc. Second Quarter 2022 Voting School. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference call, please press star-penned arrow on your telephone keypad. As a reminder, this conference is being recorded. I would now like to invite I would now like to turn the conference over to your host, Garrett Edson. Please go ahead, sir.

Thank you, operator. Good afternoon, and welcome to Trayon Insurance Group's second quarter 2022 earnings call. This afternoon, the company released its financial results for the second quarter ended June 30, 2022. The press release is available in the investor relations section of the company's website at www.trayon.com. I'd like to remind everyone that certain statements made in the course of this call are not based on historical information and may constitute forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. I refer you to the company's filings made with the SEC for a more detailed discussion of the risks and factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. The company undertakes no duty to update any forward-looking statements that may be made during the course of this call. Additionally, certain non-GAAP financial measures will be discussed on this conference call. Our presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be accessed through our filings with the SEC at www.sec.gov. Joining me on the call today are Julie Barron, the company's Chief Executive Officer, and Nick Vassallo, the company's Chief Financial Officer. With that, I am now going to turn the call over to Julie.

Thank you, Garrett, and welcome to our second quarter 2022 earnings call. We appreciate your participation on our call and for your continued support and confidence in TRIAD. Our strategy to focus on underwriting discipline and profitability is paying off for Treon, as we delivered solid second quarter results. We are pleased to have produced double-digit adjusted net income growth and adjusted return on tangible equity, reporting second quarter adjusted net income of $5.5 million, or 11 cents per diluted share, and an 11.1% adjusted return on tangible equity, both exceeding our initial expectations. While our gross written premiums are being impacted by the competitive and macro environment, we believe our strategic plan positions us well to drive sustainable adjusted net income growth over the long term as we continue to emphasize efficient claims management and underwriting discipline and strong partnerships through discipline program selection. To that end, we were pleased to announce a new exclusive distribution partnership with Beat Capital Partners Americas last week. While this program will gradually come online in the month ahead, we are excited by this opportunity. It marks our entrance into the vast and growing not-admitted insurance market through excess and surplus product offerings, which will unlock significant long-term profit potential for the company. In the second half of the year, we will continue to focus on the fundamentals that have brought us success. Our discipline program partner selection, our prudent financial management, and being the people people want to do business with. And when there are opportunities to expand our business or improve efficiencies and enhance shareholder value, we will act accordingly. We remain well positioned to succeed over the long term. And with that, I'll now turn the call over to Nick, who will discuss our financial results.