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Investor Presentaiton

Capital and balance sheet Solvency ratios Dec June SCR ratio (times) 2022 2022 Target OUTsurance 1.7 1.7 1.25 OUTsurance Life 2.4 3.0 1.5 Your Group 2:4 2.3 1.6-1.9 OHL Group 2:3 2.2 1.6 • • Youi is adopting a new target capital range of 1.6 to 1.9 times with an adjustment to the capital framework which is more responsive to the circumstances that changes the operational capital requirement. Youi's balance sheet is managed cautiously to allow for the uncertainty in the reinsurance structure heading into the 2024 financial year. Reinsurance markets continue to harden in response to historic natural events and globally higher reinsurance costs. The OHL Group holds surplus capital of R1.7 billion for: • Planned acquisition of the 5.3% minority stake in Youi (expected to be complete by end of October 2023 and subject to regulatory approvals). Initial capital contribution for OUTsurance Ireland to support authorisation process. J-curve and regulatory capital for OUTsurance Ireland will ultimately be funded through higher earnings retention over the start-up phase. Temporary debt will be used for the differential between funding and capital utilisation. OUTsurance Group Limited OUT 30 30 " • • •
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