Lack of Volatility in Results and Excess Capital Returned to Shareholders

Confidential LACK OF VOLATILITY DEMONSTRATED IN OUR RESULTS 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 2007 Accident year loss ratios consistently outperform... 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% 2001 2003 2002 ... . With predictably less impact from catastrophes PC Industry WRB PC Industry Points of Cat WRB Points of Cat Source: S&P Global Insights; A.M. Best; WRB Note: 2021 Industry data not yet available *PC Industry through 9 months 2021 Note: Does not include losses associated with COVID-19 2018 2019 2020 2021* 13

View entire presentation