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Investor Presentaiton

Youi Youi Australia key financial outcomes % change 24.4% High premium inflation experienced in response to higher claims inflation, increased natural perils losses coupled with higher reinsurance costs and retention. Youi Direct grew gross written premiums by 20.8%. (Rand) Consistent with year-end guidance, new business volumes have moderated. The large improvement in the claims ratio is associated with the large reduction in net retained natural perils claims incurred. Also contributing is the improved attritional claims ratio on the BZI book following rating action to achieve target operating margin. The higher CTP operating loss is attributed to the introduction of CTP in South Australia and a large single claim event impacting the NSW CTP. R'million Gross written premium Net earned premium Operating profit Direct BZI CTP Investment income 2022 2021 7 648 6 149 5 957 4 644 28.5% 887 169 >100% 930 295 >100% 37 (96) >100% (80) (30) >(100%) 122 8 Headline earnings 651 120 >100% >100% Claims ratio (%) 55.9% 62.0% Cost-to-income ratio (%) 31.1% 34.9% Combined ratio (%) 86.6% 96.9% OUTsurance Group Limited OUT 24
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