Lloyd's Capital Structure Overview

LLOYD'S Risk Appetite Framework Lloyd's has redeveloped the risk appetite framework Corporation purpose: L Board reporting dashboard = 13 key metrics Under our trusted name, the Corporation acts to create and maintain a competitive, innovative and secure market. Our dedicated people serve to protect and promote the interests of the market and its policyholders, provide valued services to market participants and advance the interests of Pillar: Sustainability Strategic, Group, Insurance, Credit Risk objective: Lloyd's strategy must deliver a sustainable business model over the medium term capital providers over the long term Pillar: Solvency Market, Liquidity Risk objective: Management of financial risks ensures that Lloyd's is not exposed to undue concentration and is able to withstand an extreme event & trade forward Pillar: Operational Reputation, Legal & Reg, Conduct Risk objective: Risk of operational and other events is managed to ensure Lloyd's maintains its strong reputation Underwriting profitability Syndicate capability Board level Tier 1 metrics Catastrophe exposure Reserve deterioration Reinsurance failure Attractiveness of Lloyd's Market Key Market oversight risk Corporation risk Central Fund investment Liquidity Delivery metrics Monitoring metrics Conduct Regulatory, legal & tax compliance Cyber (data protection and theft) Financial crime and sanctions Operational effectiveness 11 © Lloyd's

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