UNIVERSAL INSURANCE HOLDINGS INC

Good morning, ladies and gentlemen, and welcome to the UVE fourth quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. As a reminder, this conference call is being recorded. I would now like to turn the conference over to Rob Luther, Vice President of Corporate Development and Strategy and Investor Relations.

Thank you and good morning, everyone. Welcome to our discussion on our fourth quarter 2021 earnings results, which were reported yesterday. On the call with me today is Steve Dunahee, Chief Executive Officer, and Frank Wilcox, Chief Financial Officer. Before we begin, please note today's discussion may contain forward-looking statements and non-GAAP financial measures. Forward-looking statements involve assumptions, risks, and uncertainties that could cause actual results to differ materially from those statements. For more information, please see the press release and UBE's SEC filings, all of which are available on the investor section of our website at universalinsuranceholdings.com and on the SEC's website. A reconciliation of non-GAAP financial measures to comparable GAAP measures is included in the press release. With that, Steve, I'll turn it over to you.

Thank you, Rob. We ended the year with a record of approximately $1.7 billion of premiums in force and a return on average equity of 4.6%, despite the accelerated inflationary trends we announced on February 10th, which resulted in the company increasing its reserves. Additionally, Clover.com, our digital agency subsidiary, surpassed $40 million in placed premiums during 2021. The lion's share of our approved rate filings for UPCIC in Florida over the past several quarters is now effective as of the fourth quarter of 2021. We continue to sharpen our pencils on our 2022 Florida primary rate filing in the coming months and are hitting the ground running on our reinsurance renewal, with over 77% of capacity on our first event All-States Tower already secured. We look forward to continuing to focus on resiliency through this cycle and are monitoring closely the actions in the Florida legislature in regards to several bills, including SB 1728, SB 1402, and SB 186, amongst others. So with that, let me now turn it over to Frank to walk through our financial results. Frank.