Cannae Holdings, Inc.

Good afternoon, ladies and gentlemen, and welcome to the Kinney Holdings, Inc. Fourth Quarter and Full Year 2022 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the company's pre-prepared remarks, the conference will be open for questions with instructions to follow at that time. As a reminder, this conference call is being recorded and a replay is available through 1159 p.m. Eastern Time on March 1, 2023. With that, I would like to turn the call over to Jamie Willis of Solberry Strategic Communications.

Thank you, Operator, and all of you for joining us this afternoon. On the call today, we have our Chief Executive Officer, Rick Massey, Kani's newly appointed President, Ryan Caswell, and Brian Coy, our Chief Financial Officer. Before we begin, I would like to remind listeners that this conference call and the Q&A following our remarks may contain forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about Kaniyia's expectations, hopes, intentions, or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs as well as assumptions made by and information currently available to management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the risks and other factors detailed in our quarterly shareholder letter, which was released this afternoon, and in our other filings with the SEC. Today's remarks will also include references to non-GAAP financial measures. Additional information, including a reconciliation between the non-GAAP financial information to the GAAP financial information, is also provided in our shareholder letter. I would now like to turn the call over to Kaniyia's Chief Executive Officer, Rick Massey. We'll have a few brief remarks and then open the line for your questions.

Hey, thanks, Jamie. And welcome to our fourth quarter 22 call and our full year 22 call. I'm Rick Massey. I'd like to formally introduce our new president, Ryan Caswell. He's here with us. He is moving in instead of David Ducamin, who is moving on to F&F. We will miss Duke. He was a fantastic president. I think he's going to also add a great deal of value to F&F, but I'm very excited to have Ryan as my partner, Ryan. as our new president. I think you will find him to be a very straightforward and intelligent human being. I'm just going to hit a couple of highlights from the quarter and then be happy to kick it open to questions. So we bought back in the fourth quarter at 22, the main highlight is we bought back 2.3 million shares. I think The average price was about 21 and 21 and a half, a little lower than that. Below 21.