Wholesale Banking - Positioned for Growth

Wealth Management & Insurance Solid results TD P&L ($MM) Reported Q4/23 QoQ YOY Net income down 3% YoY Revenue up 9% YoY ■ Higher insurance premiums, an increase in fair value of investments supporting claims liabilities and higher fee-based revenue, partially offset by lower transaction revenue in wealth Claims up 39% YoY Revenue 2,864 3% 9% PCL Insurance Claims 1,002 9% 39% Expenses 1,191 2% -1% Net Income 501 -1% -3% ROE 36.1% 80 bps -340 bps AUM ($B) 405 -4% 2% ■ Increased claims severity, more severe weather- related events, and the impact of changes in the discount rate AUA ($B)1 531 -5% 3% Expenses down 1% YoY Efficiency ratio of 41.6% AUM up 2% YoY, AUA¹ up 3% YoY ■ Market appreciation 20 20

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