Funding Agreement-Backed Note Program

Guardian has a Formal Risk Governance and Organizational Structure to Monitor and Manage Enterprise Risk with Assigned Responsibilities 8 Guardian Board of Directors Board of Directors Investment Committee Board of Directors Human Resources and Governance Committee Monitor product pricing, design and targeted returns Review dividend recommendation Review retention and reinsurance programs Board of Directors Audit and Risk Committee Monitor investment and related risk management activities Investment Risk Committee Investment Risk Committees: • Credit Committees •Real Estate Equity • Commercial Mortgages Corporate Risk Management Committee Monitor overall enterprise risk management activities, including, but not limited to • Risk appetite • Economic Capital ⚫ ORSA Operational risks • Compliance and reputational risks ⚫Financial reporting Internal Audit Function Operational Risk Committee Business Unit Risk Committees Compliance Risk Committee Model Governance Committee Enterprise Business and Technology Services Risk Committee Product Development & Risk Committee India Risk Committee 23

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