Investor Presentaiton

$ Millions Premium Volume 1200 Assigned Risk Plan 1092 ■Voluntary Market 1049 1027 996 968 985 1000 931 947 861 774 800 600 400 200 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Year Direct Earned Premium AM Best State of the Line Report 3.5% Comments ■ The voluntary market calendar year 2020 earned premium was 3.9% lower than 2019 earned premium. ■ The premium earned in the voluntary market has decreased by an annual average of 3.5% since the peak in 2016. MWCIA years +

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