UPC Insurance Company Overview and ESG Strategy

Material Cost Increases Impacting Losses Supply chain and inflation pressures have contributed to claims severity increases in 2021 Lumber Material Composite ~ Percent Change 200.0% 180.0% 160.0% 140.0% 120.0% 100.0% 80.0% 60.0% 40.0% 20.0% 44.8% 59.2% 58.5% 59.1% 52.6% 52.1% 71.5% 84.0% 158.8% 166.5% 108.1% 135.0% 1.5% 12.1% 0.0% Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 United States Florida Georgia Louisiana North Carolina South Carolina -Texas Source: Xactimate 11

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