Investor Presentaiton

24% payout ratio on DE before realizations, leaves substantial cash flow to redeploy into the business or repurchase shares AS AT JUNE 30 ($ millions) Distributable earnings before realizations Common share dividends Distributable earnings before realizations (net) Percent distributed to shareholders SA A 2020 2021 2,302 SA $ 3,100 (677) (755) 1,625 SA 29% $ 2,345 24% 136

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