Good morning, ladies and gentlemen, and welcome to Universal's Second Quarter 2024 Earnings Conference Call. As a reminder, this conference call is being recorded. I would now like to turn the conference over to Arash Soleimani, Chief Strategy Officer. Good morning. Thank you for joining us today. Welcome to our quarterly earnings call. On the call with me today are Steve Donaghy, 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 on Universal's SEC filings, all of which are available on the Investors 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 quarterly press release and can also be found on Universal's website at universalinsuranceholdings.com. With that, I'll turn the call over to Steve. Thanks, Arash. Good morning, everyone. In the quarter, we delivered a solid 30.5% annualized adjusted return on common equity and 35.6% adjusted diluted earnings per share growth year-over-year. Results were driven by strong underwriting performance, and we continue to see encouraging claims and litigation trends. Florida policies in force increased sequentially for the second quarter in a row, and overall policies in force increased year-over-year for the first time since 2021. As we mentioned previously, we completed the placement of our 2024-2025 reinsurance renewal for our insurance entities. We're very pleased with the outcome of the program and the support we received from our long-standing reinsurance partners and from new partners as well. Importantly, despite having substantially more demand for private market reinsurance, following the expirations of the Reinsurance to Assist Policyholders layer and our catastrophe bond, the overall cost of our program was only up modestly. I'll turn it over to Frank to walk through our financial results. Frank? Thanks, Steve. Good morning. Adjusted diluted earnings per common share was $1.18, up from $0.87 in the prior year quarter. The increase mostly stems from higher underwriting and net investment income. Core revenue of $379.2 million was up 12.5% year-over-year, with growth primarily stemming from higher net premiums earned and net investment income, partially offset by lower commission revenue. Direct premiums written were $578.3 million, up 5.7% from the prior year quarter, including 0.9% growth in Florida and 30.1% growth in other states. Overall growth mostly reflects higher rates, inflation adjustments, and higher policies in force. Direct premiums earned were $490.6 million, up 5.9% from the prior year quarter, reflecting direct premiums written growth over the last twelve months. Net premiums earned were $345 million, up 13.7% from the prior year quarter. The increase is primarily attributable to higher direct premiums earned and a lower ceded premium ratio. The net combined ratio was 95.9%, down 3.2 points compared to the prior year quarter. The decrease reflects a lower net loss ratio. The 70.6% net loss ratio was down 3.2 points compared to the prior year quarter, with the decrease primarily attributable to higher net premiums earned associated with lower reinsurance costs in the current year quarter and a lack of reserve development in the current year quarter. The net expense ratio was 25.3%, unchanged from the prior-year quarter. During the second quarter, the company repurchased approximately 274,000 shares at an aggregate cost of $5.3 million. The company's current share repurchase authorization program has approximately 14.7 million remaining. On July 11, 2024, the board of directors declared a quarterly cash dividend of $0.16 per share of common stock, payable on August 9, 2024, to shareholders of record as of the close of business on August 2, 2024. With that, I'd like to ask the operator to open the line for questions. Thank you. If you'd like to ask a question, please press star one one. If your question has been answered and you'd like to remove yourself from the queue, please press star one one again. One moment for questions. Again, that's star one one to ask a question. Our first question comes from Paul Newsome with Piper Sandler. Your line is open. Good morning. Thanks for the call. Congrats on the quarter. I was gonna ask sort of a ny updated thoughts on the impact of tort reform in Florida? And then I've got two other just miscellaneous questions to ask. Hey, Paul, good morning. This is Steve Donaghy. Yeah, you know, we continue to see the positive impacts of the legislation from December of 2022, and it continues to flow through primarily, you know, relative to represented and litigation affecting our books. So, continue to see positive impacts. Obviously turned from cautiously optimistic to optimistic a while back, and we continue to see positive outlooks, which, you know, really leads us to be very positive on our share repurchases and happy with the position we're in right now. Great. Were there any movement in the reserves, development-wise in the quarter? We had zero. G ood morning, Paul. This is Frank. So no, we had zero net development this quarter on reserves. Okay. What about, like, catastrophe losses? And I think in the past, you've talked about, you know, weather above plan. Looks like it was a, knock on wood, a pretty good weather quarter, all things being equal. Yeah, sure. I mean, we have weather every quarter, but it was well contained within our loss pick. Great. You know, so back to the tort reform question. Some questions about whether or not, the industry is gonna push back, and we're gonna get a fairly quick level of competition coming in with, you know, file rate declines. You know, is that something that we should be watching? Any thoughts on, you know, maybe if the regulators are asking for, for lower rates at this point, given the, the Tort reform? You know, Paul, it's an interesting question. We're not getting any pressure from anyone relative to rates or anything else. And, you know, we are currently in the midst of analyzing our rates with our actuaries and external actuaries on what the impact will be to 2024. We do see, you know, the impacts of the tort reform clearly are. We're seeing, expecting a reduction in what is supposed to be passed along, and then we'll, you know, weigh that, as we always have, with how we see the market as we take rate going forward. But, again, we're optimistic, and the hope is that the market will continue to be successful. But as a company, you know, we don't worry a tremendous amount about the competition. We are really focused on rate adequacy, and our relationship with our agency force has proven to be stellar. So, we have a high degree of confidence in our ability going forward relative to the market and where we'll be positioned. Great. Appreciate the help, as always, and congratulations on the quarter. Thanks, Paul. Have a good day. Thank you. There are no further questions at this time. I'd like to turn the call back over to Steve Donaghy for any closing remarks. Thank you. I'd like to thank all of our associates, consumers, our agency force, and our stakeholders for their continued support of Universal. Have a great day. Thank you for your participation. This does conclude the program. You may now disconnect. Everyone, have a great day.