Sagicor ivari Acquisition Presentation

ivari: strong Canadian life insurance franchise ivari Sagicor S Provides insurance and investment products and services to customers in the profitable high growth middle market in Canada ■ Leader in individual universal and term life insurance Long-standing and growing distribution relationships Efficient operating platform designed to deliver excellent service and scale benefits Founded in 1927, based in Toronto, with over 250 employees Invested Asset Mix (C$9.9 billion) Cash/ST investments 9% Other 3% Gross Premiums By Segment (C$1.0 billion). Other 1% Traditional 27% Universal Life 72% ¹See the "Forward-Looking Information / Cautionary Statements" section in this document. Note: As at and for the year ending December 31, 2021. Note: Gross premiums by geography based on data from MSA Research. By Geography (C$1.0 billion) Other 8% British Columbia 14% Ontario 40% Alberta 19% Quebec 19% Equities 29% Bonds 59% → No direct equity exposure by 20231 → Approximately C$700 million of equities to be sold by year end 2022 and reinvested into investment grade bonds1 → Remaining equity portfolio primarily comprised of universal life insurance policyholder pass-through funds Sagicor • ivari 4

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