Global Indemnity Group, LLC (NYSE:GBLI) Q3 2022 Earnings Conference Call November 8, 2022 11:00 AM ET

Company Participants

Stephen Ries - Head of Investor Relations

Joseph Brown - Chief Executive Officer

Thomas McGeehan - Chief Financial Officer

Jonathan Oltman - President of Insurance Operations

Conference Call Participants

Anthony Mottolese - Dowling & Partners Securities, LLC

Thomas Kerr - Zacks Investment Research, Inc.

Operator

Good day, and welcome to the Global Indemnity Group, LLC Third Quarter 2022 Earnings Conference Call.

I would now like to introduce Stephen W. Ries, Head of Investor Relations.

Stephen Ries

Thank you, operator. Today's conference call is being recorded. GBLI's remarks may contain forward-looking statements. Some of the forward-looking statements can be identified by the use of forward-looking words, including, without limitation, beliefs, expectations or estimates. We caution you that such forward-looking statements should not be regarded as a representation by us that the future plans, estimates or expectations contemplated by us will, in fact, be achieved.

Please refer to our annual report on Form 10-K and our other filings made with the SEC for a description of the business environment in which we operate and the important factors that may materially affect our results. Global Indemnity Group, LLC is not under any obligation and expressly disclaims any such obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Joining us are Jay Brown, CEO; Tom McGeehan, CFO; and Jonathan Oltman, President.

It is now my pleasure to turn the call over to Jay Brown.

Joseph Brown

Thank you, Steve. Good morning, and thank you, everyone, for joining us today. I am sure you are all surprised to see me sitting here today as the CEO of Global. To be truthful, a few months ago, it never occurred to me either. That said, the Board asks if I would step in and take on the CEO role. And I said, yes, without any reservations. Having served on the Board for seven years, I'm obviously quite familiar with GBLI, its business and its management team. It probably makes sense if I first address the issue of David Charlton's departure before offering my initial observations as CEO and turning the presentation over to Tom McGeehan to review the nine months results.

David was recruited to Global to execute the Board-driven strategy of completing a transformation to an excess and surplus lines casually focused insurance organization. In the past 18 months, David recruited many outstanding seasoned executives and specialists to complement the significant talent we already had in place. I use the word seasoned carefully here as it is a very high-energy group with significant variations in years of experience.