Investor Presentaiton

SAP Financial Strength: Mutual Group of Insurance Companies Net Premium & Annuity Considerations Statutory Revenue ($mm)1 Statutory Net Income ($mm) ($mm)1 12% CAGR 9% CAGR $5,503 $4,982 $6,527 $4,398 $2,976 $6,034 $2,931 $78 $2,899 $45 $5,478 $(137) $1,068 $801 $332 $1,167 $1,250 $1,459 6/30/21 YTD 6/30/22 YTD 6/30/23 YTD 6/30/21 YTD 6/30/22 YTD 6/30/23 YTD 6/30/21 YTD 6/30/22 YTD 6/30/23 YTD ■Accident & Health • . • Life ■ Annuity 3-year CAGR on earned premium of 12% over the period Led by our group insurance businesses, all major lines contributed to this growth Significant success in 2022 on annuity sales that has continued in 2023, both group and individual 3-year CAGR on revenue of 9% over the period • Continued to see expansion in all major lines of business, led by our group insurance Significant success in 2022 on annuity sales that has continued in 2023 • • 15 1 Mutual Group of Insurance Companies adds the individual SAP entities and eliminates intercompany transactions Higher YoY earnings driven by improved life claims as well as favorable volatility and higher interest rate impact on mark-to- market holdings • SAP results impacted by strain due to reinvestment in growth opportunities Earnings impacted by lower valuation strain МитиаОтана CONFIDENTIAL

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