HCI Group, Inc.

Good afternoon and welcome to HCI Group's third quarter 2020 earnings call. My name is Christy and I will be your conference operator this afternoon. At this time, all participants will be in a listen-only mode. Before we begin today's call, I would like to remind everyone that this conference call is being recorded and will be available for replay through December 5, 2020, starting later this evening. This call is also being broadcast live via webcast and available via webcast replay until November 5th, 2021 on the investor information section of HCI Group's website at www.hcigroup.com. I would now like to turn the conference over to Rachel Swanciger, investor relations for HCI. Rachel, please proceed.

Thank you and good afternoon. Welcome to HCI Group's third quarter 2020 earnings call. With me on today's call is Parish Patel, our Chairman and Chief Executive Officer, and Mark Harmsworth, our Chief Financial Officer. Following Parish's opening remarks, Mark will review our financial performance for the third quarter of 2020, and then turn the call back to Parish for an operational update and business outlook. Finally, we will take your questions. To access today's webcast, please visit the investor information section of our corporate website at www.hcigroup.com. Before we begin, I would like to take the opportunity to remind our listeners that today's presentation and responses to questions may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as anticipate, estimate, expect, intend, plan, and project, and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, These developments could have material adverse effects on the company's business, financial conditions, and results of operations. HCI Group disclaims all the obligations to update any forward-looking statements. Now with that, I would like to turn the call over to Parish Patel, our Chairman and CEO. Parish?

Thank you, Rachel, and welcome, everyone. I hope everyone is healthy and staying safe. While the 2020 Atlantic hurricane season had a record number of storms, Only one storm, Hurricane Sally, has affected HCI thus far. We previously released our loss estimates for that storm, which only affected our homeowner's choice insurance operation, and the tip-tap insurance operation was not affected. Here are some highlights from the quarter. In July, Greenleaf completed the sale of our headquarters property. In September, we paid a 40 cents per share dividend our 40th consecutive quarterly dividend. This dividend marks our 10-year anniversary of paying dividends. Over the years, notwithstanding hurricanes and business environments, we paid $11.82 per share in cumulative dividends to the shareholders. Currently, the dividend yield is still over 3% based on today's share price. On other news, our insurance operations continued to grow. By quarter's end, in-force premiums at Homeowner's Choice had grown to $341 million from $306 million at the end of the third quarter last year. And at TipTap, in-force premiums had more than doubled from $87 million from $40 million at September 30th, 2019. I will now turn over the call to our CFO, Mark Harmsworth, who will walk us through our financial performance for the quarter.