HCI Group, Inc.

Good afternoon and welcome to HCI Group's second quarter 2025 earnings call. My name is Paul and I will be your conference operator. At this time all participants will be in 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 September 6th, 2025 starting later today. The call is also being broadcast live via webcast and available via webcast replay until August 8th, 2026 on the investor information section of HCI Group's website at .hcigroup.com. I would now like to turn the call over to Bill Brumel, VP of Investor Relations. Bill please proceed.

Thank you and good afternoon. Welcome to HCI Group's second quarter 2025 earnings call. To access today's webcast please visit the investor information section of our corporate website at .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 the 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, Chief Operating Officer. Karen?

Thank you Bill and welcome everyone. HCI reported another great quarter. Highlights for the second quarter include reported earnings of $5.18 per share. We improved the net combined ratio to 62% and total shareholders' equity grew to $759 million, up 65% year to date. In addition to these financial achievements, we had several other important developments in the quarter. We reduced our debt to cap ratio to less than 10%. Homeowners' Choice, TipTap Insurance Company, and Tailrow Reciprocal Exchange were each approved for depopulation from citizens in October of this year. Also HCI successfully placed its reinsurance program for the 2025-2026 treaty year. Our conservative reinsurance strategy ensures we are well protected for the year ahead. The technology developed at Exio continues to play an important role in HCI success and is a real differentiator. For example, it has enabled HCI to identify favorable market shifts early. We detected improvements in Florida's underwriting environment and had many peers and we executed on that opportunity. We've been able to scale rapidly without compromising underwriting discipline. HCI has grown in force premium by more than $460 million to approximately $1.2 billion since the end of 2022. The technology has allowed HCI to select and retain the right customers, supporting a retention ratio of about 90%, and our gross loss ratio improved during that time to below 25%. Collectively, Exio's technology has delivered meaningful value to shareholders as reflected in the HCI's strong financial performance in recent quarters. Looking ahead, irrespective of market conditions, we're confident that our experienced team, combined with our technology, will continue to help identify and underwrite attractive policies that align with our risk and profitability standards. With this advantage, we believe HCI is well positioned to generate compelling returns on shareholder capital. Now I'll turn it over to Mark to provide more details on our financial results.