Investor Presentaiton

2001 2002 2003 2004 2005 2006 2007 2008 Source: S&P Global Market Intelligence, Mutual of Omaha Company Records 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1Statutory book value as of June 30, 2023. Enterprise portfolio excluding affiliate common stock and intercompany/short-term borrowings. External funds withheld reinsurance included in Policyholder Loans/Corp Assets. MuTuaLОтана CONFIDENTIAL 2022 Bonds 77% Investment Management Overview Highly experienced, in-house operation . • Seasoned leaders average 23 years of experience Strong reputation and relationships generate value • Investment strategy driven by liability needs Well-aligned investment manager key to success • • Liabilities (and assets) across the duration spectrum 9% CAGR in invested assets over last 5-years 36,000 32,000 Enterprise Net Admitted Invested Assets (in Millions) Avg 9% growth 28,000 24,000 Avg 6% growth 20,000 Avg 2% growth 16,000 12,000 8,000 4,000 0 Capital efficient and sustainable investments focused on the long-term • Exceptional performance vs. benchmarks for investment income, capital usage, and ALM • Diversified portfolio of mainly investment grade bonds and high-quality mortgages • Limited equity and alternatives constructed to support liabilities of greater than 30-years Enterprise Consolidated Invested Assets BV1: $37.7b Mortgage Loans 12% Other Invested Assets 4% Securities Lending 3% Cash Short-term / Other 1% Contract Loans/Corp Assets 2% External Funds Withheld 1% 23 23

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