Cost Savings and Strategic Growth slide image

Cost Savings and Strategic Growth

Executing on Plans to Reposition the Business • • Divestitures Acquisitions Full Service Retirement business (1) • Programmatic acquisitions and investments in asset PALAC traditional Variable Annuity block(1) management and emerging markets: Alexforbes (2) Business Investment Partnership with Mercado Libre to sell Life and A&H products Expanding FlexGuard suite of products Reducing market sensitivity and investing in businesses to support higher growth (1) 22 Completed sales of the Full Service Retirement business and the PALAC traditional Variable Annuity block in April 2022. (2) Completed acquisition of 15% strategic minority interest of Alexforbes in South Africa in 2Q22 and launched a public tender offer to increase stake up to 33%. Expanding access to investing, insurance, and retirement security 4
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