Good morning, and thank you for joining us today. This morning, Donegal Group issued its Second Quarter 2023 Earnings Release, outlining its results. The release and a supplemental investor presentation are available in the Investor Relations section of Donegal's website at www.donegalgroup.com. Please be advised that today's conference was pre-recorded and all participants are in listen-only mode. Additionally, we requested and received questions in advance of today's call and have worked answers to these questions into our prepared remarks, as appropriate. Speaking today will be President and Chief Executive Officer, Kevin Burke; Chief Financial Officer, Jeff Miller; Chief Underwriting Officer, Jeff Hay; and Chief Investment Officer, Tony Viozzi. Please be aware that statements made during this call that are not historical facts, are forward-looking statements and necessarily involve risks and uncertainties that could cause actual results to vary materially. These factors can be found in Donegal Group's filings with the Securities and Exchange Commission, including its annual report on Form 10-K and quarterly reports on Form 10-Q. The company disclaims any obligation to update or publicly announce the results of any revisions that they may make to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. With that, it is my pleasure to turn it over to Mr. Kevin Burke. Kevin?

Thank you Karin, and welcome everyone. I'll begin with a few comments on industry market conditions that will provide some perspective before we discuss our quarterly results. A number of our larger industry peers have announced significant impacts from catastrophic weather events, with some characterizing the industry impact of the quarterly cat losses as historic, or at least, the highest for any second quarter since 2011. The timing of that elevated weather impact was particularly challenging in light of ongoing inflationary pressures on auto and property loss costs, with a continuation of elevated claim severity as the costs for auto repairs and replacement vehicles remain historically high, in spite of some indications that those pressures are beginning to ease. While we are far from pleased with our quarterly results, some underlying factors provide a level of optimism that we are making progress toward our objective of sustained excellent financial performance. First, total weather-related losses contributed 9.1 percentage points to our second quarter loss ratio, which was actually lower than the 9.6 percentage points for the second quarter of 2022, in spite of the significant increase in catastrophe events throughout the country. We attribute the reduction to our ongoing data-driven strategy to manage and refine our geographical spread of risk, across our regional operating footprint. While there is much work to accomplish, we are pleased with the advancements in data analytics that we have made in the last few years and we are beginning to see the benefits in our enhanced risk-evaluation and underwriting decisions. While loss cost inflation remains a challenge, we aggressively began taking rate actions in late 2021 and accelerated the level of rate increases throughout 2022 and continuing into 2023. Jeff Hay will cover the details in a few minutes, but we were pleased to see improvements…

Thank you, Kevin. Net premiums earned increased 5.9% to $216.3 million for the second quarter of 2023. Net premiums written increased by 3.7%, with accelerating premium rate increases and strong retention offset partially by lower new business volume and planned attrition in states we are exiting or have targeted for profit improvement. In addition, net premiums written and earned in the second quarter of 2023 included a reduction of $3.6 million related to reinsurance reinstatement premiums that resulted from our utilization of reinsurance for several large commercial property losses. Due to the challenging reinsurance environment when we renewed our contracts for 2023, we reduced the number of prepaid reinstatements within our property per risk reinsurance program compared to the 2022 contract terms in order to reduce the cost of our property reinsurance. The combined ratio of 104.7% for the second quarter of 2023 was comparable to the 105% combined ratio for the prior-year quarter, with both periods reflecting elevated weather-related losses. Our core loss ratio decreased by over 2 full-percentage points from the prior-year quarter, but that improvement was more than offset by lower net favorable reserve development for prior-year losses. As Kevin mentioned, weather-related losses were $19.7 million, or 9.1 percentage points of the loss ratio for the second quarter of 2023, compared to $19.6 million, or 9.6 percentage points for the second quarter of 2022. Homeowners impact was $9.5 million, and commercial property impact was $4.3 million, with the remainder in the auto and other lines. In spite of the fact that our insurance subsidiaries did not incur losses from any single event that exceeded their $3 million catastrophe reinsurance retention with Donegal Mutual, the frequency of smaller storms drove the total second quarter weather claim impact higher than the previous five-year average for the second quarter of…

Thanks, Jeff. During the second quarter of 2023, we continued to face a challenging environment, including both increased frequency of weather-related events and the ongoing inflationary impacts across the property and automobile segments. We are continuing to respond to these challenges to improve the performance of the overall book of business and we are taking appropriate rating actions while working with our agents to retain the best-performing accounts. While many of our actions over the past year have been defensive, Donegal is becoming more forward-looking each day and our teams are preparing to grow new business in the future, as both rate levels and loss trends improve. We intend to remain an active participant in the market for new business but with a keener eye on risk-appropriate selections in order to expand our margin and profitability. Across our business, we are utilizing increasingly advanced analytics to be proactive, as opposed to reactive, in this challenging market. As we've discussed on previous calls, we continue to identify and target the most profitable opportunities across our geographic footprint, lines of businesses and industry classes. We will share more information to these strategies as they develop and mature in future periods. Now turning to our segment details. Our commercial lines business remains strong with renewal premium retention at approximately 89% and renewal rate increases in the low-to-mid teens percentage range, when excluding workers' compensation. With expanded use of external data and valuation tools, we're working with our agents and policyholders to ensure appropriate insurance to value at each renewal effective date, as replacement property values have increased at a rate that has exceeded automated inflation adjustments in many cases over the past few years. Commercial lines net premiums written decreased by 3.2%, reflecting substantial attrition from our previously announced strategic exits from Georgia…

Thank you, Jeff. We are pleased to report the fifth consecutive quarter of higher investment income, driven by the ongoing increases in average investment yield as compared to the prior-year period. During the second quarter of 2023, the average tax-equivalent yield was 3.20%, the highest level of yields we have seen in nearly ten years. Short-term cash rates, close to 5%, were higher than both the second quarter of 2022 and the preceding quarter. Of note, the average bond reinvestment yield was 5.12% or approximately 145 basis points higher than the bond yields coming off the books in the quarter, including recent asset allocation changes. Net investment income increased 24% to $10.2 million during the second quarter. This increase was the result of continued higher cash equivalent yields and higher market reinvestment rates for fixed income bonds. As noted in last quarters' call, we continued to make strategic asset allocation changes from U.S. treasuries and tax-free bonds into MBS and agency debt, in order to capture more attractive yields in the current rising interest rate environment. These wider-spread investments, driven by tighter credit markets, should continue to assist in improving our investment income in the second half of 2023. Net investment gains were $2.5 million in the quarter, compared to net investment losses of $8.4 million in the prior-year quarter. The gains in the second quarter were primarily related to unrealized gains in the fair value of equity securities we held at June 30, 2023. Our equity portfolio represents a modest 3% of our total investments, up slightly from December 31, 2022 but down from one year ago. Maintaining our conservative investing approach, we will continue to limit our equity exposure until we believe there is more certainty within the domestic macroeconomic environment. During the first half of the year, after-tax unrealized losses within our available-for-sale bonds increased by $3.6 million, reducing our book value per share by $0.11. Book value per share was $14.68 at June 30, 2023, incrementally lower than $14.79 at December 31, 2022. With that, I will now turn it back to Kevin Burke for closing remarks.

Thanks, Tony. We are pleased with the ongoing execution of the various strategic initiatives during this time of transformation within our business operations. We believe that the continued implementation of our strategies will benefit all stakeholders of Donegal Group, our staff, our management, our agents, our policyholders and, of course, our shareholders. Thank you for your continued interest and support. And I'll now turn it back to Karin.

Thank you, Kevin. If there are any questions, please feel free to reach out to us. This now concludes our second quarter 2023 earnings webcast. You may now disconnect.