Welcome to Conifer Holdings' second quarter 2024 investor conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Brian Roney. Please go ahead. Thank you, and good morning, everyone. Conifer issued its 2024 second quarter financial results after the close of market yesterday. You can find copies of the earnings release on the company's website at ir.cnfrh.com. The slide presentation accompanying management's remarks this morning is available to view or download via webcast or from the investor relations section of Conifer's website. Before we get started, please note that except with regard to historical information, statements made in this conference call may constitute forward-looking statements within the meaning of the federal securities laws, including statements relating to trends, the company's operations and financial results, and the business and the products of the company and its subsidiaries. Actual results may differ materially from the results anticipated in these forward-looking statements due to various risks and uncertainties underlying our forward-looking statements, as described from time to time in Conifer's filings with the SEC, including our latest Form 10-K and subsequent reports. Conifer specifically disclaims any obligation to update or revise any forward-looking statements, whether due to new information, future developments, or otherwise. In addition, a replay of this call will be provided through a link on the investor relations section of our website. During this call, we'll also discuss non-GAAP financial measures as defined by SEC Regulation G. Reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures are included when possible in our earnings release and our historical SEC filings. Statutory accounting data is prepared in accordance with statutory accounting rules and is therefore not reconciled to GAAP. We will conduct a Q&A session after management's prepared remarks this morning. With that, I'll turn the call over to Nick Petcoff, our Chief Executive Officer. Nick? Thanks, Brian, and good morning, everyone. Also on the call with us today is Harold Meloche. As you review our second quarter results, you'll notice a significant change in our top-line figures. This is a deliberate and strategic decision on our part as we continue our shift towards a commission-based revenue model, channeling premium through our wholly owned managing general agency, Conifer Insurance Services. Our focus is on ramping up the optimization of our commercial lines by running gross written premium through our MGA. This move aligns with our long-term strategy to achieve more stable and predictable revenue streams through commissions rather than the traditional risk-bearing carrier revenue model. While this has resulted in a lower top line compared to previous periods, it is a critical step in enhancing our overall profitability and creating a more scalable and sustainable business model. Under this model, we can leverage the expertise and network of our agency partners, enhancing our distribution channels and expanding our reach in key markets. Through this approach, our business is directly written by third-party insurers with AM Best ratings of A-minus or better. Utilizing third-party A-rated capacity providers for MGA produced business provides a much broader reach for existing profitable programs, enabling us to offer insureds superior coverage and paper, while simultaneously governing risk through a scalable and sustainable production-based revenue model. During the second quarter of 2024, we made significant strides in channeling premiums to our capacity providers across various commercial lines of business. Specifically, we have started to accelerate the transfer of cannabis premiums to our capacity partner, Palomar, enabling us to expand into new markets and solidify our position as a leading provider of cannabis-related coverage across the U.S. As planned, our commercial lines production decreased significantly in the second quarter compared to the prior year period. This is largely the result of more time required to ramp up our other complementary capacity providers in the period. For the quarter, our commercial lines combined ratio came in at 105%, and the accident year combined ratio was a solid 81%. Overall, commercial lines represented roughly 36% of total production for the quarter. Switching to our personal lines, these results were significantly impacted in the quarter by spring storms. Most of the loss came from our Oklahoma business, which is currently in runoff. We expect that the runoff process will be largely completed by year-end. With Oklahoma going away, our production for this segment will primarily come from low-value homeowners business in Texas and the Midwest. In general, personalized production was retained through our traditional carrier-based revenue model and represented a larger percentage of gross written premium in the second quarter. We expect this trend to continue in the quarters ahead as we further transition our revenue model. Overall, we remain confident that this approach will yield market benefits over time, not only improving our margins, but also equipping us to better serve our insureds and agency partners with a more flexible and responsive offering. As we continue this transition, we remain committed to preserving a strong and consistent top line, continuing to streamline our expense structure and generating operational profitability over the long term to achieve favorable returns for our shareholders. With that, I'll turn the call over to Harold to discuss the numbers. Harold? Thank you, Nick. I'll provide a brief recap of the financial results, and I encourage investors to review our filings and presentation on the company's website for further detail... In the second quarter, overall gross written premium decreased 58% to $19 million, reflecting our decision to reduce premium leverage on our operating subsidiaries and to focus instead on the commission-based revenue through our MGA, Conifer Insurance Services. The breakout for second quarter total gross written premium was 36% commercial lines and 64% personal lines. Overall, Conifer's combined ratio was 124% in the second quarter, which was impacted by the Oklahoma storms. We stopped writing Oklahoma premium in May, which should result in improved mix of business of homeowners going forward. Our expense ratio continues to improve despite lower net earned premiums, due to the success of our ongoing expense reduction efforts. The expense ratio is 32% in the second quarter, down 580 basis points from the same period last year, and well below our near-term target of 35%. Agency commission in the second quarter was nearly $9 million, compared to $211,000 in the second quarter of 2023, illustrating the progress the company has made in its initiative to drive commission-based revenue and shift to a managing general agency business model. Net investment income was $1.5 million during the second quarter, up 11% from $1.4 million in the prior year period. We recorded a $196,000 decrease in the fair value of equity investments in the second quarter, leading to a net realized investment loss of $118,000. Our investments remain conservatively managed, with the vast majority of our investable assets in fixed income securities, with an average credit quality of double A plus, an average duration of 2.6 years, and a tax equivalent yield of 3.4%. Our company reported net loss applicable to common shareholders of $4 million, or $0.32 per share, and adjusted operating loss of $3.6 million, or $0.30 per share, for the second quarter of 2024. Moving to the balance sheet, total assets were $293 million at quarter end, with cash and total investments of $154 million. With that, I'd like to turn it back over to Nick for closing remarks. Thanks, Harold. In summary, as we wrap up, this strategic shift is positioning us for stronger, more sustainable growth. We're excited about the future and confident that our focused approach will deliver long-term value to our shareholders. Thank you for your continued support. With that, I'd like to invite any questions. Operator? We will now begin the question-and-answer session. To ask a question, you may press star then one on your touchtone phone. If you're using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw it, please press star then two. At this time, we will pause momentarily to assemble our roster. Our one question comes from Robert Bearman from retail. Please go ahead. Thank you. I'm a long-standing shareholder and, like management, has suffered through a string of losses here. I'd like to get some color on when you expect to become profitable, and if that is not achieved, what are your sources of liquidity and additional capital? I can lead that off. Appreciate the question. You know, we do feel that with the pivot to the MGA model on the commercial line side and the support of the A-rated paper, we do feel that the commission based model that we're moving to does allow us to achieve profitability more quickly than we had as a carrier-based model. You know, the personal lines obviously had a big impact on us in the second quarter with weather. We do feel good about the personal lines book that we have moving forward. You know, typically, the second quarter is a difficult quarter for us. So, you know, with the move to the revenue model based on commissions rather than balance sheet risk on the commercial lines side, getting A-rated paper on all of that business, allowing us to grow and, you know, improved weather results in the personal lines, we do think that that's a combination that will get us to profitability, and that's what we're focused on. As it relates to the liquidity, I'll let Harold tackle that one and talk a little bit about that. So we did have expense reductions over the last several years, which does help align our expense structure with our revenues. Also, you know, we are—we did mention in our 10-Q that to the extent that we need additional liquidity, we are considering other asset sales. If no further questions, this will conclude the question-and-answer session. Mr. Petcoff, you may conclude the call. Thank you, and we appreciate the question, and we appreciate everyone's time and interest in the company, and invite any of you to reach out to us at any time. Thank you, and have a good day. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.