RLI Corp.

subject to certain factors and uncertainties which could cause actual results to differ materially. Please refer to the risk factors described in the company's various SEC filings, including in the annual report on Form 10-K, as supplemented in Forms 10-Q, all of which should be reviewed carefully. The company has filed a Form 8-K with the Securities and Exchange Commission that contains the press relief announcing fourth quarter results. During the call, RLI management may refer to operating earnings and earnings per share from operations, which are non-GAAP measures of financial results. RLI's operating earnings and earnings per share from operations consist of net earnings after the elimination of after-tax realized gains or losses and after-tax unrealized gains or losses on equity securities. RLI's management believes these measures are useful in gauging core operating performance across reporting periods, but may not be comparable to other companies' definitions of operating earnings. The Form 8 contains a reconciliation between operating earnings and net earnings. The full 8K and press release are available at the company's website at www.rlicorp.com. I will now turn the conference over to RLI's Chief Investment Officer and Treasurer, Mr. Aaron Dieffenthaler. Please go ahead.

Thank you, Adam, and good morning, everyone. Welcome to RLI's fourth quarter earnings call to close out 2024. Joining us today are Craig Kleethermes, President and CEO, Jen Klopnock, Chief Operating Officer, and Todd Bryant, Chief Financial Officer. We have a typical agenda today as Craig will kick things off with some preliminary highlights, Todd will run down the financials, and Jen will offer more detailed commentary on current market conditions in our product portfolio. The operator will then open the line for questions, and Craig will close with some final thoughts. Craig?

Well, thank you, Aaron, and good morning, everyone. I'm happy to report that 2024 resulted in ROI's 29th consecutive year of underwriting profit. We achieved well-balanced growth and underwriting profitability across all of our reporting segments with 12% growth in net written premium and 22% growth in underwriting profits for the year. Our continued growth and financial consistency are a testament to the great service we provide to our customers, our underwriting discipline, and our focus on making the best long-term decisions to the benefit of all of our stakeholders. As Todd and Jen will go into in a minute, we remain focused on opportunities where we have the expertise to differentiate ourselves and the market permits adequate returns. Legal system abuse, particularly in wheels-based businesses, is a frequent topic of discussion within our strong collaborative underwriting and claim feedback loop. And we fine tune our underwriting approach where needed. Motor vehicle exposures still require measurable ongoing rate increases to address lost cost inflation. We have the underwriting and financial discipline to walk away from underpriced accounts if necessary, but have achieved double digit increases on auto risk this year, with more increases expected through 2025. I will let Todd and Jen share more detail on the financials and the market in general. Todd, it's all yours.