Investor Presentaiton

27 Capital Structure As of September 30, 2023 ($ in Millions) Management targets debt-to-capital ratio of 18-20% (excluding secured financings payable) Supports target financial strength ratings 4.6% Senior Notes Due 2024 $300 4.0% Senior Notes Due 2030 $450 2.4% Senior Notes Due 2031 $650 Unamortized Discounts and Debt Issuance Costs ($11) ☐ Trust Deed Notes $1 Other Notes $2 Revolving Credit Facility $0 Notes and Contracts Payable $1,392 ☐ Secured Financings Payable (SFP) $530 Total Debt $1,923 Total Equity $4,542 Debt-to-Total Cap Ratio (GAAP) 29.7% Debt-to-Total Cap Ratio (excluding SFP) 23.5% $900 million revolving credit facility 100% available New, expanded senior credit agreement closed in May 2023 Significant financial flexibility to seize strategic opportunities 22 SQUARE PEDESTAL 24% SQUARE PEDESTAL 35 SOLARE PEDESTAL AMERICA First American

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