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Investor Presentaiton

Strong and ongoing organic capital generation resulting from reduced risk profile Organic capital generation* (~$M) Before iA's management actions and risk profile improvements: no organic capital generation as normal course of business was highly capital intensive 60 30 40 110 490 ~550 2022 TARGET RANGE: $450M to $525M Organic capital generation growth drivers looking forward · • 280 . 250 245 Increase capital-light proportion of new business Continue to improve risk management practices Pricing discipline to improve return on equity 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Organic capital generation calculation = Core net income to common shareholders - Dividends paid to common shareholders - Required capital increase in normal course of business 8 + This item is a non-IFRS measure; see the "Non-IFRS and Additional Financial Measures" section at the end of this document for relevant information about such measures.
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