HCI Group, Inc.

Good afternoon and welcome to HCI Group's third quarter 2025 earnings call. My name is Ali and I will be your conference operator. 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 6th 2025 starting later today. The call is also being broadcast live via webcast and available via webcast replay until November 6th, 2026 on the investor information section of HCI Group's website at www.hcigroup.com. I would now like to turn the call over to Nat Otis, HCI Group. Nat, please proceed.

Thank you and good afternoon. Welcome to HCI Group's third quarter... 2025 earnings call. To access today's webcast, please visit the investor information section of our corporate website at www.hcigroup.com. Before we begin, I'd 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 risk 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, Chief Operating Officer.

Thank you, Nat. Good afternoon, everyone, and thank you for joining us today. We're pleased to report another quarter of strong financial results reflecting our continued focus on disciplined execution, profitable growth, and delivering value for our shareholders. Highlights for the third quarter include reported earnings of $4.90 per share, net combined ratio of 64%, total shareholders' equity of $821 million, with book value per share increasing more than 50% year-to-date to $63 per share. and a 22% loss ratio as the weather in Florida remains favorable as we move through the remainder of the 2025 hurricane season. In addition to these financial achievements, we had several other important developments in the quarter. A three building campus in Tampa owned by Greenleaf Capital, a real estate division, had its tenant move in and the entire campus is now fully leased. This allows flexibility to explore financing options for the property to optimize returns for shareholders. During the quarter, Greenleaf also added to its portfolio by acquiring a new complex in Pinellas County, Florida. We continue to identify opportunities that can deliver sustainable long-term value for the shareholders. Lastly, in September, Exeo added a fifth carrier to its platform, its first non-HCI controlled carrier. In addition to these notable accomplishments, we've continued to make strong progress on several other initiatives in the first few months of the fourth quarter. In October, we successfully assumed over 47,000 policies from citizens, representing about $175 million of in-force premium. With a strong outcome in October, we do not plan to participate in the December assumption from citizens. We recently entered into a new credit facility with Fifth Third Bank, which will significantly increase the amount of credit available to HCI. Mark will go into more details on that. And finally, earlier this week, Exio successfully completed its initial public offering. We are excited about Exio's future prospects, and we look forward to HCI remaining a significant shareholder of Exio for the foreseeable future. Mark and Parrish will provide additional details in their remarks. Looking ahead, we remain committed to delivering strong earnings, compounding book value per share, and generating attractive returns for our shareholders. Now I'll turn it over to Mark to provide more details on our financials.