Investor Presentaiton

19 Capital Management Strategy Objective: Create long-term shareholder value ■ Capital management priorities: ■ Make value-creating investments in our core business ◉ Acquire or invest in businesses that fit within our strategy ■ Return excess capital to shareholders through dividends and share repurchases ■ Maintain adequate capital levels ■ Manage our capital structure prudently ■ Maintain ample financial flexibility and holding company liquidity AMERICA 22 SQUARE PEDESTAL 24% SQUARE PEDESTAL 35 SOLARE PEDESTAL First American

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