Tiptree Inc. (TIPT) Q3 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the TipTree third quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Scott McKinney, Chief Financial Officer. Please go ahead. Good morning and welcome to our third quarter 2023 earnings call. Joining me today are Michael Barnes, our Executive Chairman, and Jonathan Alani, CEO. A copy of our earnings release, investor presentation, and 10Q are on our website, tiptreeinc.com. Some of our comments today will contain forward-looking statements, and actual future results may differ materially. Please see our most recent SEC filings, which identify the principal risks and uncertainties that could affect future performance. During the call this morning, we will discuss non-GAAP financial measures, which are described in more detail in our presentation. Reconciliations of these measures and other associated disclosures are contained in our SEC filings, the appendix to our presentation, and posted on our website. One final note, given our announcement yesterday evening, we will not be holding a question and answer session after our prepared remarks this morning. Until the FORTEGRA registration statement is filed, there are limitations on what we can say about the potential offering. With that, I will turn the call over to Michael. Thanks, Scott, and good morning to everyone. Yesterday, after markets, we announced that we intend to take our specialty insurance subsidiary, the Protegra Group, public. We expect the Protegra IPO to be a primary offering with the proceeds used to support Protegra's gr...