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Investor Presentaiton

26 . • Enterprise Mortgage Loan Portfolio Mortgage Loans represent 12% of invested assets Senior loans with prudent loan-to-value and debt service coverage ratios on stabilized properties Very high-quality commercial mortgage portfolio: • • • • Weighted average LTV of 54% (2.4% with LTV > 70%) Weighted average DSCR of 2.2x (2.4% with DSCR < 1.2x) Weighted average debt yield of 12.4% (2.9% with DY < 8%) 78% CM1, 21% CM2, 1% CM3, and just one CM4 of $1MM • CMLS focused on stable property types, such as multifamily, grocery-anchored retail, and industrial Only 1% of mortgage holdings mature in remainder of 2023, with another 1% maturing in 2024 Enterprise Mortgages by Property Type Retail 25% Office Building 13% Apartment Complex 20% BV1: $4.5b Other Commercial 5% Industrial 37% Enterprise Mortgages by Region West South Central 5% West North Central 8% East North Central 16% East South Central 4% South Atlantic 15% BV1: $4.5b Middle Atlantic 13% Pacific 27% 1Statutory book value as of June 30, 2023. LTV calculated using current cap rates and most recent net operating income. Mountain 11% New England 1% Mutual Отана CONFIDENTIAL
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