Bowhead Specialty Holdings Inc.

Good day, ladies and gentlemen, and welcome to the Bowhead Specialty Second Quarter 2024 Earnings Call. Our host for today's call is Shirley Yap, Chief Accounting Officer and Head of Investor Relations. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. I would like to now turn the call over to your host. Ms. Yap, you may begin.

Thanks, Operator. Good morning and welcome to BOHEAD's second quarter 2024 earnings conference call. I'm Shirley App, BOHEAD's Chief Accounting Officer and Head of Investor Relations. Joining me today are Stephen Sills, our Chief Executive Officer, and Brad Mulcahy, our Chief Financial Officer. Financial results for the second quarter of 2024 were released earlier this morning. You can find your earnings release in the Investor Relations section of our website. Before we begin, I'd like to remind everyone that this call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors should not place undue reliance on any forward-looking statement. These statements are made only as of the date of this call and are based on management's current expectations and beliefs. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by these statements. you should review the risks and uncertainties fully described in our SEC filings. We expressly disclaim any duty to update any forward-looking statements except as required by law. Additionally, we will be referencing certain non-GAAP financial measures on this call. Reconciliations of these non-GAAP financial measures to their respective most directly comparable GAAP measure can be found in the earnings release we issued this morning and in the investor relations section of our website. With that, I'll turn the call over to Steven. Steven?

Thank you, Shirley. And thanks again to our stockholders and analysts for joining us on our first earnings call as a public company. Before I get started, I'd like to take a moment to thank all of the Bowhead team members who helped us through our initial public offering. On May 23rd, we began our first day of trading on the New York Stock Exchange under the symbol BOW. We are very excited to begin this new chapter in the company's evolution. We founded Bowhead just under four years ago and are incredibly proud of the hard work our over 200 employees have contributed to the company's rapid success to date. For those that weren't able to join us on the roadshow, I wanted to reiterate who we are and highlight our key differentiators. We are a growing specialty insurance company operating substantially within the specialty excess and surplus lines market. About 80% of our premium is in the growing and profitable E&S market, where being free of rate and form restrictions provides the flexibility to rapidly adjust to emerging market opportunities. For our company to be successful, underwriting must come first. From the top down, underwriting profitability is our North Star. It is ever present within our people and our culture. This strong in-house underwriting culture is complemented with a fully integrated and accountable value chain. Product development, actuarial, claims, legal, operations, IT, and our long-term distribution relationships must all work together seamlessly for us to be successful. This accountable value chain allows us to deliver our custom solutions to clients while consistently generating underwriting profits. Not only are we successful today, but we were designed to deliver differentiated profitability across market cycles, not just in hard markets. We've created primary and excess capabilities across our products as part of our cycle management strategy. Within the lines that we write today, our highly experienced underwriters are subject matter experts with a proven track record of generating underwriting profits. Underwriting authority has to be earned, even for experienced underwriters just joining our team. For each line, we spend considerable time discussing and agreeing on how risk should be evaluated, and we encourage close collaboration throughout the organization. We also have longstanding relationships with our select group of distribution partners, which is based on expertise, service, and mutual benefit. We believe that dealing with bowhead is a privilege, not a right. Furthermore, we have a highly experienced and entrepreneurial management team backed up by the depth of over 200 people across the country. We operate in a hybrid model that enables us to bring on the best people regardless of where they reside. This is my third time starting and running a publicly traded specialty insurance business, and this group is easily as good as any team I've been a part of. Critical to investors, we have a clean balance sheet with no reserves for maximum years prior to 2020 and no property cat exposures. We have no intangibles, no complicated LPTs, and a simple and conservative investment portfolio. Lastly, we have a track record of robust growth with attractive profitability and strong returns. I believe that we have supportive market conditions and that our platform and balance sheet, including the capital we raised in our IPO, positions us well for continued profitable growth. With that introduction to Bowhead, let me turn it over to Brad Mulcahy, our CFO, to discuss the details of our quarter. Brad?