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Investor Presentaiton

SKYWARD SPECIALTY - CONSERVATIVE INVESTMENT PORTFOLIO • The total investment portfolio(1) of approximately $949 million • ⚫ Duration of ~2.8 years • The tax equivalent . annualized yield -2.9% Equity portfolio is primarily large-cap value common equities and domestic preferred securities Equities 12% Other Invested Assets 17% Fixed Income 30% · Other invested assets are comprised of mortgage loans, collateralized loans and loan collateral, limited partnership and equity interests Short-term investments 17% MBS/ABS 24% (1) Total Portfolio is equal to "Total Investments" less payables for securities sold (excludes Balance Sheet "Cash" and "Restricted cash"). A 25% BBB & Lower 17% AAA 45% AA 13% 18
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