ProAssurance Corporation

Good morning everyone and welcome to the Apparel Assurances conference call to discuss the company's third quarter 2021 results. These results were reported in a news release issued on November the 8th 2021 and in the company's quarterly report on form 10Q which was also filed on November the 8th 2021. Included in those documents were cautionary statements about the significant risk uncertainties, and other factors that are out of the company's control and could affect ProAssurance's business and ultra-expected results. Please review those statements. Management expects to make statements on this call dealing with projections, estimates, and expectations and explicitly identifies these as forward-looking statements within the meaning of the U.S. federal securities law and subject to applicable safe harbor protection. The content of this call is accurate only on November the 9th, 2021 and except as required by law or regulation, Pro Assurance will not undertake and expressly disclaims any obligation to update or alter information disclosed as part of these forward-looking statements. The management team of Pro Assurance also expects to reference non-GAAP items during today's call. The company's recent news release provides a reclamation of these non-GAAP numbers to their GAAP counterparts. Now, as I turn the call to Mr. Ken McEwen, I would like to remind you that the call is being recorded and there will be a time for questions after the conclusion of prepared remarks. Mr. McEwen, please go ahead.

Thank you, Robin, and good morning, everyone. On our call today, we have Ned Rand, President and CEO, Dana Hendricks, Chief Financial Officer, Mike Bogusky, president of our specialty property and casualty lines, and Kevin Shook, president of our workers' compensation insurance operations. Ned, will you please start us off?

Thank you, Ken. It was our first full quarter with NorCal, and we remain very pleased with the progress we are making on the integration of our two companies. At the moment, we are ahead of schedule on our integration plan thanks to the excellent work by all team members. and the blend of best-in-class talent we've built as a result. Even outside of daily underwriting claims and risk management operations, our investment results alone begin to show the earnings power of this combined enterprise. And I'm excited to complete the integration plan in 2022. Meanwhile, results in our legacy ProAssurance healthcare professional liability business continue to show improvement as we make incremental progress towards underwriting profitability. and expand the regional operating structure to maximize service quality for our customers. On the workers' compensation side, we are reacting to what we perceive as a tough loss environment, as the impact of labor shortages, time away from work, and the mental wear and tear of the continuing pandemic weigh on employers and their workforces. However, the segment remains profitable through 930, And we remain confident in our ability to succeed across economic and insurance cycles. Kevin will highlight some of the positives during his remarks later in the call. In all, it was a quarter where we executed on a plan amidst the continuing national challenges presented by the pandemic. And I'm proud of the work that we've completed to date. Now I'll ask Dana to share results for the quarter. Dana.