TypTap's Advantages and Investment Portfolio

Why Typ Tap Partners with Agents We partner with agents because that's where most policies are written Overwhelming majority of homeowners insurance is bought through the independent agent channel Independent agent model allows us to scale and we do not have to change consumer behavior for our growth plan Direct Written Premium by Distribution Channel 93% The predictability of our customer acquisition cost ("CAC") improves the efficiency to utilize our capital for growth At the same time, we built our technology platform to be distribution agnostic TypTap Agents Source: McKinsey & Company (2020 report) Over 90% of policies still sold through agents 7% Direct 21 21

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