Homeowners Insurance Market Opportunity

Proven track record of growth and execution Historical Total Written Premium, $m¹ $304 $142 2018 2019 69% '18 '20 Growth 2020 Milestones Rapid Geographic Diversification 12 new state launches Vertical Integration Acquisition of Spinnaker to become full-stack carrier $405 Mitsui Sumitomo Partnership Incremental capital and a multi-year reinsurance commitment 2020 1. Spinnaker and Agency presented on a proforma basis as of 1/1/18 Validated Partnership Distribution Channels Home builders, mortgage servicers Proprietary and Confidential | 29

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