Neptune Insurance Holdings Inc. Class A (NP) Q4 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is David, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the NENA Q4 2021 Earnings Conference Call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press the star key followed by the number one on your telephone keypad. If you'd like to withdraw your question, press star one once again. Thank you, Kyle Anderson, Vice President of Corporate Strategy and Investor Relations. You may begin your conference. Good morning, and thank you for joining us on NENA's Q4 2021 earnings call. With me today are Julie Chertel, Chief Executive Officer, and Paul DeSantis, Chief Financial Officer. Julie and Paul will discuss recent activities and results, as well as share thoughts on our full year highlights and our strategies we look ahead. We issued a press release covering financial results yesterday afternoon, and hopefully you've had a chance to review that information. Following our prepared remarks, we will open up the call for questions. As a reminder, our comments include forward-looking statements. Actual results could differ from these statements due to risk outlined both on our website and in our SEC filings. As we get started, a few opening highlights. In the fourth quarter, we continued our top-line growth momentum and set another quarterly record with net sales of 28% over last year. Adjusted earnings were $0.45 per share, excluding $0.86 of unusual costs. In Q4 2020, adjusted earnings were $0.87 per share and excluded $0.28 of unusual costs. Details of these adjusting items, along with the reconciliation to gap amounts, ca...