United Fire Group, Inc. (NASDAQ:UFCS) Q1 2023 Earnings Conference Call May 5, 2023 12:00 AM ET

Company Participants

Eric Martin - Executive Vice President and Chief Financial Officer

Kevin Leidwinger - CEO

Julie Stephenson - Chief Operating Officer,

Conference Call Participants

Paul Newsome - Piper Sandler

Operator

Good morning, and welcome to the United Fire Group, Incorporated First Quarter 2023 Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Eric Martin, Executive Vice President and Chief Financial Officer. Please go ahead.

Eric Martin

Good morning and thank you for joining this call. Yesterday afternoon, we issued a press release on our results. To find a copy of this document, please visit our website at ufginsurance.com. Press releases and slides are located under the Investors tab. Joining me today on the call are UFG President and Chief Executive Officer, Kevin Leidwinger; and Executive Vice President and Chief Operating Officer, Julie Stephenson.

Before I turn the call over to Kevin, a couple of reminders. First, please note that our presentation today may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company cautions investors that any forward-looking statements include risks and uncertainties and are not a guarantee of future performance. These forward-looking statements are based on management's current expectations. The actual results may differ materially due to a variety of factors, which are described in our press release and SEC filings.

Also, please note that in our discussion today, we may use some non-GAAP financial measures. Reconciliations of these measures to the most comparable GAAP measures are also available in our press release and SEC filings.

At this time, I will turn the call over to Mr. Kevin Leidwinger, CEO of UFG Insurance.

Kevin Leidwinger

Thank you, Eric, and good morning, everyone. Welcome to our first quarter conference call. I'll begin this morning by providing a high-level overview of our first quarter results. Following my comments, Julie Stephenson, our Chief Operating Officer, will discuss our underwriting production results; and Eric Martin, our Chief Financial Officer, will discuss our financial results.

As indicated in yesterday's press release, despite this mixed results, I'm pleased with the progress we are making in positioning UFG to achieve superior financial and operational performance. We remain committed to the execution of our strategic plan designed to deliver long-term profitability, diversified growth and continuous innovation. We also remain intensely focused on reducing the expense ratio while also attracting and retaining talent needed to evolve the company into a top-performing commercial lines insurer.