MSP Recovery, Inc. (NASDAQ:LIFW) Q1 2024 Earnings Call Transcript May 16, 2024 8:30 AM ET
Company Participants
Diana Diaz - Chief Communications Officer
John H. Ruiz - Founder and Chief Executive Officer
Francisco Rivas-Vasquez - Chief Financial Officer
Operator
Good day and thank you for standing by. Welcome to the LifeWallet First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Diana Diaz, LifeWallet, Chief Communications Officer. Please go ahead.
Diana Diaz
Good morning everyone, and welcome to LifeWallet's first quarter 2024 earnings conference call. Before we begin, please note that statements made during this presentation, which state the company’s or management's intentions, beliefs, expectations or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act and actual results could differ in a material manner. Additional information about factors that could cause results to differ from those in the forward-looking statements is contained in the company's SEC filings. This includes, but is not limited to, risk factors contained in our SEC filings and in the accompanying press release issued. A copy of these materials can be found in the Investor Relations section of our website at lifewallet.com.
Non-GAAP financial measures are included in our comments today and in our presentation slides. The reconciliation of these non-GAAP measures to the corresponding GAAP measures is included at the end of the presentation slides, and can also be found in the Investor Relations section of the company website.
The speakers on today's call will be John H. Ruiz, LifeWallet’s Founder and Chief Executive Officer; and Francisco Rivas-Vasquez, LifeWallet’s Chief Financial Officer.
I would now like to turn the call over to John H. Ruiz.
John H. Ruiz
Good morning everyone, and thank you for joining us. Today, we will cover the company's most recent highlights and an overview of our financials for the first quarter of 2024. LifeWallet continued to execute and advance its business, litigation, data analytics and recovery strategies in the first quarter of 2024, experiencing the most successful quarter-to-date since becoming a publicly traded company, as it relates to claims recovery income by achieving two comprehensive settlements with multiple property and casualty insurers. The first settlement announced in March resolved claims with 28 affiliated property and casualty insurers.