Building a Leading P&C Insurer

4 Prudent Management of Pension Liabilities RSA UK Pension Schemes ● ● ● Intact will retain and guarantee the obligations of the closed pension schemes. Pension schemes IFRS surplus estimated at £416M at September 30, 2020 Schemes are well-managed, with significant steps already taken to lower exposure to market and demographic risks Low-risk investment strategy (approximately 90% allocated to fixed income type assets) Effectively hedged against interest rate risk and inflation risk on an IAS 19 basis Longevity risk is partially hedged (15%-20% of liabilities) Agreement has been reached with the pension trustees with the following funding commitments: An additional contribution of -£75M at closing (tax deductible) Current funding arrangements of -£75M per year (tax deductible) ■ ■ ■ [intact] ■ 9

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