One Beacon Insurance Group Q4 2008 Earnings Call Transcript

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2009-02-06 11:22:10.0

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Earnings Call Excerpt

One Beacon Insurance Group (OB)

Q4 2008 Earnings Call

February 6, 2009 10:00 am ET

Executives

T. Michael Miller – Chief Executive Officer, President

Paul H. McDonough – Chief Financial Officer

Todd Mills – Treasurer and Vice President of Investor Relations

Analysts

John Fox – Fenimore Asset Management

[Sarah Dewitt] – Barclay’s Capital

Presentation

Operator

Welcome to the OneBeacon Group's Fourth Quarter and Full Year 2008 Financial Results webcast. This call is being recorded at 10 am Eastern Time, Friday, February 6, 2009. All participants are in listen only mode.

At the conclusion of the prepared remarks, we will host a question and answer session. Now let me turn the call over to Todd Mills, OneBeacon's Treasurer and Vice President of Investor Relations.

Todd Mills

Thank you and good morning. On behalf of OneBeacon's management team, welcome and thank you for joining us as we review our fourth quarter and full-year 2008 financial results.

Today's call is being hosted by Mike Miller, our Chief Executive Officer and Paul McDonough, our Chief Financial Officer. I'll be joined during the Q&A by other members of senior management.

We released our fourth quarter and full year results earlier this morning. Our press release, today's slide presentation and our financial supplement are available on the Investor Relations section of our website, www.onebeacon.com. An audio replay of today's webcast will be available on our site following this call.

Turning to slide two; let me remind you that any statements we make during today's call that are not historical facts constitute forward-looking statements. These statements are made based on certain assumptions and analysis made by OneBeacon, in light of our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors. However, actual results may differ materially from expectations.

Please refer to the summary of risk factors at the end of our earnings release, as well as the detailed list of risk factors contained in our annual report filed on Form 10-K for the fiscal year ending December 31, 2007, filed on February 29, 2008. In addition, any forward-looking statements represent our views only as of today, and should not be relied upon as representing our views as of any subsequent dates.

Slide three; during this call we will refer to non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of the non-GAAP financial measures, for the most directly comparable GAAP measures, accompanies the press release financial statement, and is provided in the financial supplement posted on our website.

 

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