HCI Group, Inc.

And welcome to the HCI Group's first quarter 2021 earnings call. My name is Tom, 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 June 6, 2021, starting later this evening. The call is also being broadcast live via webcast and available via replay until May 6th, 2022 on the investor information section of HCI Group's website at www.hcigroup.com. I would now like to turn the call over to Rachel Smontziger, investor relations for HCI. Rachel, please proceed.

Thank you and good afternoon. Welcome to HCI Group's first quarter 2021 earnings call. With me on today's call is Karen Coleman, our Chief Operating Officer, Mark Harnsworth, our Chief Financial Officer, and Parish Patel, our Chairman and Chief Executive Officer. Following Karen's opening remarks, Mark will review our financial performance for the first quarter of 2021, and then Parish will provide an operational outlook and 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'd like to turn the call over to Karen Coleman, our COO. Karen?

Thank you, Rachel, and welcome, everyone. It's been a tremendously busy and productive start to 2021 for HCI. As you can see by our financial performance, our disciplined execution continues to produce consistent profitability, growth, and best-in-class margins. The first quarter was marked by several important achievements. First, at the HCI group level, consolidated in-force premiums surpassed half a billion dollars, and we expect it to continue increasing in the coming quarters. In March, we paid a 40 cents per share dividend, our 42nd consecutive quarterly dividend. Second, Greenleaf Capital, our real estate division, continued to be a valuable part of our diversification strategy, both in producing positive cash flows and capital appreciation. Third, Homeowners Choice continued to be profitable and grew through strategic acquisitions such as Anchor and UPC. Fourth, TipTap grew as well. It surpassed $130 million of in-force premium, putting it on track to reach its goal of $200 million by the end of the year. And as previously disclosed, TipTap raised $100 million from Centerbridge Partners. Also, its national expansion continues on track, not only with receiving regulatory approvals, but also in writing its first policy outside of Florida. Finally, in response to the immense growth we are seeing, we recently created separate management teams for HCI and TIC-TAC Insurance Group. This separation will allow each management team to focus on specific growth initiatives as we establish infrastructure for a billion dollar company. Since 2007, HCI has a proven track record of success and growth. With the achievements I just outlined, we look forward to seeing HCI continue on this path throughout 2021 and beyond. I'll now turn it over to Mark to discuss HCI's financial results for the first quarter of 2021. Mark?