Investor Presentaiton
Debt Portfolio Value
($ in millions)
CONSISTENT AND DISCIPLINED UNDERWRITING STANDARDS
Disciplined credit underwriting standards deliver consistent long-term results
$2,500
$1,500
$1,000
$2,000
2.27 2.24 2.17
2.21
2.23
2.18 2.19
2.17
2.15
2.43
2.43
2.18
2.34
2.30
2.22 2.16
2.0
$500
$1,311.9
$1,287.6
$1,300.1
$1,416.0
$1,336.3
$1,546.0
$1,603.3
$1,733.5
$1,897.1
$1,224.1
$2,079.9
$2,148.6
$2,195.6
$2,216.4
$0
Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20
Debt Portfolio Value (1)
Weighted Investment Credit Rating
Credit Grading at Fair Value, Q4 2020 - Q4 2019 ($ in millions)
$2,264.4
$2,094.4
3.0
4.0
1.0
High Quality
Credit Rating
5.0
Low Quality
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Grade 1
-
High $ 411.0
19.6%
$ 406.5
Grade 2
$1,027.9
49.1%
$1,053.1
Grade 3
$ 621.3
Grade 4
$
25.3
Grade 5
-
Low
$
8.9
29.7%
1.2%
0.4%
$ 772.3
$ 26.7
$
5.9
17.9%
46.5%
34.1%
1.2%
0.3%
849.7
$ 25.0
$
$ 443.6 20.1%
$ 877.9 39.6%
38.3%
1.1%
$ 390.4
$ 818.1
$ 917.2
$
54.3
20.1
0.9%
$
15.5
17.7%
37.3%
41.8%
2.5%
0.7%
$ 387.3
$1,180.5
$ 509.9
18.0%
55.0%
23.7%
$ 69.0
3.2%
$
1.8
0.1%
Weighted Avg.
(1) Debt only; based on fair value
2.16
2.22
2.30
Xercules.
CAPITAL
2.34
2.15
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