Funding Agreement-Backed Note Program

1 Preservation of Capital and Ratings Strong, Conservative Balance Sheet Total Surplus $8.6 billion Total adjusted capital $10.7 billion Surplus Notes (as a % of TAC) $1.5 billion (14.0%) Key takeaways ■ Excellent financial strength ■ Very high investment liquidity ■ Very low leverage Invested assets $66.0 billion Senior debt $0.0 billion 8 Guardian Note: Financials as of December 31, 2021 Source: Statutory filings 18

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