Investor Presentaiton

Some U.S. Insurers May be Reliant on Wholesale Funding Sources FHLB Borrowings as % of General Account Assets for Select U.S. Life Insurers 2.1% 1.5% Insurer 1 Insurer 2 5.4% Insurer 3 12.9% EQH 1.9% ATH 5.5% Avg. (ex-ATH) 34 == Note Data as of December 31, 2022. FHLB borrowing includes funding agreements issued to FHLB and advances from FHLB, as disclosed in 2022 10K's. Expressed as a percentage of general account assets as reported in US regulatory fillings, except for Athene which is expressed as a percentage of net invested assets to include both US and Bermuda subsidiaries. Average includes CRBG, EQH, MET & PRU. ATHENE

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