Homeowners Insurance Market Opportunity

Reconciliation of FY2020 Actuals to Pro forma ($ in Millions) Actuals PF Adjustment Pro forma 2020A1 Jan-Aug 2020 2020A Total Written Premium $333 $72 $405 Total Earned Premium 299 65 363 Revenue $52 $12 $63 Adjusted Gross Profit $16 $14 $30 % of Total Earned Premium 5% 22% 8% Operating Expenses Operating Income $114 $6 $119 ($98) $9 ($89) % of Total Earned Premium -33% 13% -25% 1. Unaudited, preliminary results, subject to change 2. Spinnaker acquisition closed on 8/31; Proforma view represents Spinnaker's financials 1/1-8/31 of 2020 Proprietary and Confidential | 45

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