Carlyle Investor Day Presentation Deck

Enormous Potential to Expand Insurance Solutions LARGE ADDRESSABLE MARKET & OPPORTUNITY DO 51% 14% 86% Life & Annuity Non-Life 49% US Non-US We estimate the global market for potential transactions to further leverage our Insurance capabilities exceeds $2 TN+ Source: Carlyle analysis of global insurance opportunity for potential transactions fitting our acquisition requirements. We define the global opportunity set to include North America, developed Europe, and developed APAC markets. There is no guarantee these projections will materialize. INVESTOR DAY 2021 51

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