Investor Presentaiton

- SUPPLEMENTAL INFORMATION - RECONCILIATION MANAGEMENT EXPENSES TO GAAP EXPENSES ($000's) Management Expenses (1) G&A Three months ended September 30, 2021 2020 Nine months ended September 30, 2021 2020 $ 6,212 $ 3,279 $ 17,357 $ 9,152 Management interest credited Amortization of deferred acquisition costs 3,230 753 639 6,110 856 235 1,780 376 Expenses related to retained business 3,983 874 7,890 1,232 Management expenses - total $ 10,195 $ 4,153 $ 25,247 $ 10,384 G&A Salaries and benefits - GAAP Other operating expenses - GAAP Subtotal $ 4,025 $ 1,444 $ 4,124 1,706 8,149 3,150 11,466 6,769 18,235 $ 3,624 5,337 8,961 Adjustments: Less: Stock-based compensation (996) (12) (2,765) (25) Less: Mark-to-market option allowance (941) 141 1,887 216 G&A $ 6,212 $ 3,279 $ 17,357 $ 9,152 Management Interest Credited (1) Interest credited - GAAP Adjustments: $ 284 $ 380 $ 1,868 $ 464 Less: FIA interest credited - GAAP Add: FIA options cost - amortized 549 (115) (38) (109) 2,397 374 4,280 501 Management interest credited $ 3,230 $ 639 $ 6,110 $ 856 Reconciliation Management Expenses to GAAP Expenses Total expenses - GAAP $ 9,186 $ 3,762 $ 21,883 $ 9,795 Adjustments: Less: Benefits Less: Stock-based compensation Less: Mark-to-market option allowance Less: FIA interest credited - GAAP Add: FIA options cost - amortized 6 (996) (2,765) (25) (941) 1,887 216 549 (115) Management expenses - total $ 2,397 10,195 374 $ 4,153 $ (38) 4,280 25,247 (109) 501 $ 10,384 1. Non-GAAP. See earnings release 8-K for further information. 3 (12) 141 O Midwest Holding Inc. | 35

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