Investor Presentaiton

Enterprise Bonds Portfolio • Bonds represent 77% of invested asset portfolio • Enterprise Bonds by NAIC Rating NAIC 3 1.9% NAIC 4-6 0.1% Well diversified across asset classes and economic segments • High-quality, with 98% rated investment grade and just 0.1% in the NAIC 4 - 6 categories • Favorable impairment environment continued in 2022; limited 2023 impairments YTD due to turmoil in banking sector Disciplined, bottoms-up fundamentals have led to ratings migration and defaults consistently outperforming benchmarks NAIC 2 44.4% BV1: $29.1b Avg Quality: A3 NAIC 1 53.6% Enterprise Bonds by Industry* CDO/CLO 5% CMBS/RMBS 10% Governments 2% Health 5% Aerospace 2% Industrials 13% Energy 5% TMT 8% BV1: $29.1b Consumer 10% ABS 6% Financials 19% *Based on BICS classification 24 1 Statutory book value as of June 30, 2023. Excludes $444m of external funds withheld reinsurance. Utilities 15% MUTUAL OMAHA CONFIDENTIAL

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