Aurora Investment: Better Overview

Homeownership market is enormous... Cumulative market size $574 Consumer Financial Network • Annual spend within the housing • • • market accounted for over $3 trillion, ~15% of US GDP in 2019 6 million homes purchased annually in the US, 87% through a mortgage Mortgages make up 70% of consumer credit in the US For average households, home equity totals ~65% of net worth 100% mortgage transactions require at least one insurance product $15+ Trillion $11 Trillion $7 Trillion $413 Home Services Ecosystem $472 International Home Finance 1. '21-'25 Projected average annual US origination volume (FNMA ‘21-'22 forecast, 2.5% YoY growth '23-'25); 2. Global average annual origination volume excluding US (Better research, various public sources); 3. $1.7tr of home rental, $763bn of home improvement $8bn of US appraisal and inspection, $80bn of moving and storage and $1.4tr of iBuying; 4. $880bn of auto insurance, $764bn of home and personal liability insurance, $1.7tr life insurance market and $1.6tn of student loan and credit card debt. Note: Refer to page 30 for additional sourcing information. Data Sources: Congressional Research Service, Freddie Mac, Company websites, Edmunds, FactSet, McKinsey Global Research, Mortgage Bankers Association and PwC. US Census Bureau. RealtyTrac, CFPB, FRED, NAHB. Public company research and other publicly available information. Better $311 U.S. Home Finance Core Better Expansion 14

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