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National Interstate Corporation. Q1 2010 Earnings Call Transcript

National Interstate Corporation (NATL)

Q1 2010 Earnings Call

May 6, 2010 10:00 a.m. ET

Executives

Julie McGraw - VP & CFO

David Michelson - President & CEO

Analysts

Alison Jacobowitz - Banc of America

Vincent D'Agostino - Stifel Nicolaus

Robert Paun - Sidoti & Company

Meyer Shields - Stifel Nicolaus

Ron Bobman - Capital Returns

Presentation

Operator

Good day, ladies and gentlemen and welcome to National Interstate Corporation's 2010 First Quarter Conference Call. My name is Steve and I'll be your coordinator for today. At this time all participants are in a listen only mode. We will conduct a question and answer period following the Company's prepared statements. (Operator Instructions). As a reminder, this call is being recorded for replay purposes.

Your hosts for today's call are Mr. David Michelson, President and Chief Executive Officer; Ms. Julie McGraw, Vice President and Chief Financial Officer and Mr. Gary Monda, Vice President and Chief Investment Officer.

I would now like to turn the call over to Ms. McGraw to begin the presentation.

Julie McGraw

Thank you Steve. Certain statements made during this call are not historical facts and may be considered forward-looking statements and are based on estimates, assumptions and projections, which management believes are reasonable, but by their nature subject to risks and uncertainties. The Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for forward-looking statements.

The factors which could cause actual results to differ materially from those suggested by such forward-looking statements include but are not limited to those discussed or identified from time to time in National Interstate's filings with the Securities and Exchange Commission including the annual report on Form 10-K and quarterly reports on Form 10-Q. We do not promise to update such forward-looking statements to reflect actual results or changes in assumptions or other factors that could affect these statements.

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