Investor Presentaiton

Historical financials Track record of stable financial performance (in $ millions, except as otherwise noted) Income statement highlights 2014 2013 2012 2011 2010 Direct written premiums Underwriting income $7,349 $7,319 $6,868 $5,099 $4,498 519 142 451 273 194 Net investment income 427 406 389 326 294 Net operating income (NOI) 767 500 675 460 402 NOIPS to common shareholders (in dollars) 5.67 3.62 5.00 3.91 3.49 Balance sheet highlights Total investments $13.440 $12,261 $12,959 $11,828 $8,653 Debt outstanding 1,143 1,143 1,143 1,293 496 Total shareholders' equity (excl. AOCI) 5,310 4,842 4,710 4,135 2,654 Performance metrics Claims ratio 62.6% 66.9% 61.6% 63.9% 65.4% Expense ratio 30.2% 31.1% 31.5% 30.5% 30.0% Combined ratio 92.8% 98.0% 93.1% 94.4% 95.4% Operating ROE (excl. AOCI) 16.3% 11.2% 16.8% 15.3% 15.1% Debt / Capital 17.3% 18.7% 18.9% 22.9% 14.3% Combined ratios by line of business Personal auto 94.5% 93.2% 95.7% 90.9% 98.1% Personal property 89.0% 104.4% 93.5% 103.5% 96.5% Commercial auto 89.6% 93.3% 81.5% 86.5% 86.0% Commercial P&C 94.2% 103.9% 91.6% 95.6% 90.7% Intact Financial Corporation [19]

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