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Investor Presentaiton

35 Dec 18 Investment in growth initiatives Slowing strain from new initiatives Losses generated by growth initiatives as % of profits from mature business units 24 ° 20.2% 7.2% 8.8% 8.6% 3.3% ° 24 102 Dec 19 56 31 101 126 26 99 199 43 56 100 Dec 20 Dec 21 Dec 22 OUTsurance Business Brokers OUTsurance Life (Funeral and Financial Advisors) Youi (BZI and CTP) -o-Operating loss of growth initiatives as % of operating profit from mature businesses • • • Total earnings strain from new initiatives is below the 10% appetite assisted by favourable claims experience in mature operations. Economies of scale and improved attritional claims performance by OUTsurance Brokers and BZI. Expanding investment in OUTsurance Life's OUTsurance Financial Advisor (tied-agent) initiative. The planned expansion to Ireland will contribute to new initiative spend over the medium term and projected to be contained within the 10% appetite. OUTsurance Group Limited OUT 8
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