UPC Insurance Company Overview and ESG Strategy
Business Mix is Shifting
We seek to grow Commercial and reduce Personal lines exposures over the next 3 years
Products
Coastal-exposed Markets (2)
Distribution
GPW by Line of Business ($MMs)
Personal Lines ■Commercial Lines
Personal Lines
Homeowners Policy (1) (core to strategy)
Condominium & Dwelling Fire Policies (core to strategy)
Florida (40.4% of GPW)
Gulf (26.4% of GPW)
Strategic Partners
Independent Agents
•
Southeast (12.8% of GPW)
Northeast (20.3% of GPW)
New Direct to Consumer (DTC / Skyway Technologies) beginning
in 2H21
Commercial Lines
Commercial Residential Policy (core to strategy)
E&S Commercial Residential Policy (launch targeted in 2022)
Florida (98.0% of GPW)
Gulf (1.6% of GPW)
Southeast (0.3% of GPW)
Unaffiliated Managing General Underwriter (Am Risc)
Other MGU's, including ICAT and future MGU partners
In-force Premium by Region (2)
5%
20%
9%
CAGR
$1,457
$1,380
$1,252
$1,041
$393
$407
19%
$362
~$1.26B
$708
$220
$21
67%
$687
$821
$890
$973
$1,064
2019
2020
■FL Gulf ■SE ■ NE
71% / 29%
73% / 27%
2016
97%/3%
2017
79% / 21%
2018
71% / 29%
(1)
Includes non-core Renters' policies, which the Company is exiting
(2)
Data as of 6/30/2021 excluding discontinued territories or where renewal rights have been sold
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