Good morning, ladies and gentlemen and welcome to SiriusPoint's Third Quarter 2024 Earnings Conference Call. During today’s presentation all parties will be in a listen-only mode. As a reminder, this conference call is being recorded, and a replay is available through 11:59 p.m. Eastern Time on November 15, 2024. With that, I would like to turn the call over to Liam Blackledge, Senior Associate, Investor Relations and Strategy. Please go ahead, sir.

Thank you operator, and good morning or afternoon to everyone today. I welcome you to the SiriusPoint earnings call for the 2024, nine months and third quarter results. Last night, we issued our earnings press release, 10-Q filing and financial supplement which are available on our website, www.siriuspt.com. Additionally, a webcast presentation will coincide with today's discussion and is available on our website. With me here today are Scott Egan, our Chief Executive Officer; and Jim McKinney, our Chief Financial Officer. Before we start, I would like to remind you that today's remarks contain forward-looking statements based on management's current expectations. Actual results may differ. Certain non-GAAP financial measures will also be discussed. Management uses the non-GAAP financial measures and its internal analysis of results and beliefs that they may be informative to investors, engaging the quality of our financial performance and identifying the trends in our results. However, these measures should not be considered as a substitute for or superior to the measures of financial performance occurred in accordance with GAAP. Please refer to Page 2 of our investor presentation for additional information and the company's latest public filings. At this time, I will turn the call over to Scott.

Thank you, Liam, and good morning, good afternoon, everyone. Thanks, as always, for joining our third quarter and nine months 2024 results call. If I stand back, this has been another strong quarter of delivery for SiriusPoint. This will now be our eighth consecutive quarter of underwriting profit, delivering a combined ratio of 88.5%, despite the impact of Hurricane Helene. This marks a 4-point improvement versus the previous year quarter, which is significant. In addition, we've grown our premium on our continuing lines business, again at double digits. And driven by this performance, our annualized underlying ROE at nine months 2024 is 14.4% and well within our stated target range of 12% to 15%. These are very important proof points against our ambition of building an underwriting track record for the company. Our strong discipline and underwriting first focus is delivering. And importantly, we continue to believe we can improve from here, and we will work hard to make this happen. Over the past two years, we have closed the gap significantly to our competitors. Coming now to some of the highlights for the quarter, and I'm going to start with premiums. The quarter saw a continuation of the growth in our core business, which we highlighted in the second quarter. In the third quarter, we delivered 10% year-over-year growth for our continuing lines of business. On a year-to-date basis, this now stands at 7%, up from 6% in the first half demonstrating our increasing momentum. Our growth is predominantly coming from our specialty and property market segments, which we are targeting. We believe that our refined One SiriusPoint operating model means that the business can lean into attractive market opportunities in an agile and nimble way. We are and will continue to be relentlessly focused on our underwriting strategy…

Thank you, Scott, and good morning, good afternoon, everyone. Starting on Slide 10, we highlight our third quarter results. It was another great quarter with an improved combined ratio of 88.5% for core business, gross written premium growth of 10% for continuing lines that is adjusted for the business exited in 2023 and underlying net income of $89 million. The underlying net income reflects an increase of $36 million versus the prior year quarter. As a reminder, the headline net income of $5 million contains the one-off impact relating to the CMIG transaction. The $60 million impact from the CMIG transaction was in line with our previous guidance given the second quarter release. Focusing now on underwriting, gross premiums written increased by 10% quarter-on-quarter on a continuing lines basis, excluding the $98 million of workers' compensation and cyber premiums exited in 2023. On a headline basis, gross premiums written decreased 5% quarter-on-quarter for our core business. Our headline combined ratio of 88.5% for our core business was a 4-point improvement versus prior year. This was due to both lower attritional losses with the attritional loss ratio decreasing by 3.1 points compared to the prior year quarter and higher favorable prior year development. Favorable prior year development in the quarter stood at $27 million for core business versus $10 million in the prior year quarter, excluding the LPT. This includes $20 million of reserve releases relating to favorable COVID-19 development trends. Looking on a consolidated basis, which also includes runoff business. This is the 14th consecutive quarter of favorable development, a testament to our reserving improvements. Catastrophe losses for the quarter were $11 million compared to $7 million in the prior year quarter. $10 million of these losses related to Hurricane Helene. Core NGA revenues and net service fee income reduced…

Thank you. Ladies and gentlemen, the conference of SiriusPoint Limited has now concluded. Thank you for your participation. You may now disconnect your lines. End of Q&A: