|  |  |  |
|--|--|--|
|  |

----

|                                     |                                                 |            |                                                |            |      |            |            |  |   |            |  |  |   |            |  |  |  |  |  |  |  |  |  |
|-------------------------------------|-------------------------------------------------|------------|------------------------------------------------|------------|------|------------|------------|--|---|------------|--|--|---|------------|--|--|--|--|--|--|--|--|--|
|                                     | Results for the Three Months Ended September 30 |            | Results for the Nine Months Ended September 30 |
| ($ millions, except per share data) | 2022                                            |            | 2021                                           |            | 2022 |            | 2021       |
| Net income                          | $                                               | 128   |                                                |            | $    | 256   |            |  | $ | 646   |  |  | $ | 936   |  |
| Core income (a)                     | 213                                        |            |                                                | 237   |      |            | 774   |  |   | 841   |  |
|                                     |                                                 |            |                                                |            |      |            |            |
| Net income per diluted share        | $                                               | 0.47  |                                                |            | $    | 0.94  |            |  | $ | 2.37  |  |  | $ | 3.43  |  |
| Core income per diluted share       | 0.78                                       |            |                                                | 0.87  |      |            | 2.84  |  |   | 3.08  |  |
|                                     |                    |             |                   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|--------------------|-------------|-------------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|
|                                     | September 30, 2022 |             | December 31, 2021 |
| Book value per share                | $                  | 29.88  |                   |  | $ | 47.20  |  |
| Book value per share excluding AOCI |                    | 45.16  |                   |  |   | 46.02  |  |

----

|                                                       |                                                 |             |                                                |  |             |   |             |          |            |   |   |             |            |  |   |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|-------------------------------------------------|-------------|------------------------------------------------|--|-------------|---|-------------|----------|------------|---|---|-------------|------------|--|---|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                       | Results for the Three Months Ended September 30 |             | Results for the Nine Months Ended September 30 |
| ($ millions)                                          | 2022                                            |             | 2021                                           |  | 2022        |   | 2021        |
| Gross written premiums ex. 3rd party captives         | $                                               | 2,430  |                                                |  |             | $ | 2,224  |          |            |   | $ | 7,560  |            |  |   | $ | 6,790  |  |  |
| GWP ex. 3rd party captives change (% year over year)  | 9                                          |             | %                                              |  |             |   |             | 11  |            | % |   |             |            |
| Net written premiums                                  | $                                               | 2,060  |                                                |  |             | $ | 1,909  |          |            |   | $ | 6,379  |            |  |   | $ | 5,755  |  |  |
| NWP change (% year over year)                         | 8                                          |             | %                                              |  |             |   |             | 11  |            | % |   |             |            |
| Net investment income                                 | $                                               | 230    |                                                |  |             | $ | 271    |          |            |   | $ | 692    |            |  |   | $ | 872    |  |  |
| Core income                                           | 260                                        |             |                                                |  | 217    |   |             |          | 898   |   |   |             | 831   |  |   |
|                                                       |                                                 |             |                                                |  |             |   |             |          |            |   |   |
| Loss ratio excluding catastrophes and development     | 59.9                                       |             | %                                              |  | 60.2   |   | %           |          | 60.0  |   | % |             | 59.9  |  | % |
| Effect of catastrophe impacts                         | 5.5                                        |             |                                                |  | 9.2    |   |             |          | 2.8   |   |   |             | 6.3   |  |   |
| Effect of development-related items                   | (0.8)                                           |             |                                                |  | (0.3)       |   |             |          | (0.9)      |   |   |             | (0.4)      |  |   |
| Loss ratio                                            | 64.6                                       |             | %                                              |  | 69.1   |   | %           |          | 61.9  |   | % |             | 65.8  |  | % |
|                                                       |                                                 |             |                                                |  |             |   |             |          |            |   |   |
| Expense ratio                                         | 30.8                                       |             | %                                              |  | 30.7   |   | %           |          | 30.8  |   | % |             | 31.3  |  | % |
|                                                       |                                                 |             |                                                |  |             |   |             |          |            |   |   |
| Combined ratio                                        | 95.8                                       |             | %                                              |  | 100.0  |   | %           |          | 93.0  |   | % |             | 97.4  |  | % |
| Combined ratio excluding catastrophes and development | 91.1                                       |             | %                                              |  | 91.1   |   | %           |          | 91.1  |   | % |             | 91.5  |  | % |

----

|                                                       |                                                 |           |                                                |  |            |   |           |         |            |   |   |             |            |  |   |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|-------------------------------------------------|-----------|------------------------------------------------|--|------------|---|-----------|---------|------------|---|---|-------------|------------|--|---|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                       | Results for the Three Months Ended September 30 |           | Results for the Nine Months Ended September 30 |
| ($ millions)                                          | 2022                                            |           | 2021                                           |  | 2022       |   | 2021      |
| Gross written premiums ex. 3rd party captives         | $                                               | 958  |                                                |  |            | $ | 943  |         |            |   | $ | 2,816  |            |  |   | $ | 2,656  |  |  |
| GWP ex. 3rd party captives change (% year over year)  | 2                                          |           | %                                              |  |            |   |           | 6  |            | % |   |             |            |
| Net written premiums                                  | $                                               | 840  |                                                |  |            | $ | 822  |         |            |   | $ | 2,443  |            |  |   | $ | 2,350  |  |  |
| NWP change (% year over year)                         | 2                                          |           | %                                              |  |            |   |           | 4  |            | % |   |             |            |
| Core income                                           | $                                               | 161  |                                                |  |            | $ | 173  |         |            |   | $ | 485    |            |  |   | $ | 531    |  |  |
|                                                       |                                                 |           |                                                |  |            |   |           |         |            |   |   |
| Loss ratio excluding catastrophes and development     | 58.4                                       |           | %                                              |  | 59.1  |   | %         |         | 58.6  |   | % |             | 59.1  |  | % |
| Effect of catastrophe impacts                         | 0.2                                        |           |                                                |  | 0.4   |   |           |         | 0.1   |   |   |             | 0.4   |  |   |
| Effect of development-related items                   | (1.9)                                           |           |                                                |  | (1.8)      |   |           |         | (1.4)      |   |   |             | (1.7)      |  |   |
| Loss ratio                                            | 56.7                                       |           | %                                              |  | 57.7  |   | %         |         | 57.3  |   | % |             | 57.8  |  | % |
|                                                       |                                                 |           |                                                |  |            |   |           |         |            |   |   |
| Expense ratio                                         | 31.7                                       |           | %                                              |  | 30.6  |   | %         |         | 31.0  |   | % |             | 30.4  |  | % |
|                                                       |                                                 |           |                                                |  |            |   |           |         |            |   |   |
| Combined ratio                                        | 88.7                                       |           | %                                              |  | 88.2  |   | %         |         | 88.5  |   | % |             | 88.3  |  | % |
| Combined ratio excluding catastrophes and development | 90.4                                       |           | %                                              |  | 89.6  |   | %         |         | 89.8  |   | % |             | 89.6  |  | % |

----

|                                                       |                                                 |             |                                                |  |             |   |             |          |            |   |   |             |             |  |   |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|-------------------------------------------------|-------------|------------------------------------------------|--|-------------|---|-------------|----------|------------|---|---|-------------|-------------|--|---|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                       | Results for the Three Months Ended September 30 |             | Results for the Nine Months Ended September 30 |
| ($ millions)                                          | 2022                                            |             | 2021                                           |  | 2022        |   | 2021        |
| Gross written premiums ex. 3rd party captives         | $                                               | 1,184  |                                                |  |             | $ | 1,005  |          |            |   | $ | 3,711  |             |  |   | $ | 3,176  |  |  |
| GWP ex. 3rd party captives change (% year over year)  | 18                                         |             | %                                              |  |             |   |             | 17  |            | % |   |             |             |
| Net written premiums                                  | $                                               | 962    |                                                |  |             | $ | 831    |          |            |   | $ | 3,097  |             |  |   | $ | 2,622  |  |  |
| NWP change (% year over year)                         | 16                                         |             | %                                              |  |             |   |             | 18  |            | % |   |             |             |
| Core income                                           | $                                               | 80     |                                                |  |             | $ | 27     |          |            |   | $ | 350    |             |  |   | $ | 233    |  |  |
|                                                       |                                                 |             |                                                |  |             |   |             |          |            |   |   |
| Loss ratio excluding catastrophes and development     | 61.5                                       |             | %                                              |  | 61.5   |   | %           |          | 61.5  |   | % |             | 60.8   |  | % |
| Effect of catastrophe impacts                         | 10.0                                       |             |                                                |  | 18.6   |   |             |          | 5.0   |   |   |             | 12.6   |  |   |
| Effect of development-related items                   | —                                    |             |                                                |  | 0.5    |   |             |          | (0.5)      |   |   |             | 0.6    |  |   |
| Loss ratio                                            | 71.5                                       |             | %                                              |  | 80.6   |   | %           |          | 66.0  |   | % |             | 74.0   |  | % |
|                                                       |                                                 |             |                                                |  |             |   |             |          |            |   |   |
| Expense ratio                                         | 29.9                                       |             | %                                              |  | 30.4   |   | %           |          | 30.1  |   | % |             | 31.4   |  | % |
|                                                       |                                                 |             |                                                |  |             |   |             |          |            |   |   |
| Combined ratio                                        | 101.9                                      |             | %                                              |  | 111.6  |   | %           |          | 96.6  |   | % |             | 106.0  |  | % |
| Combined ratio excluding catastrophes and development | 91.9                                       |             | %                                              |  | 92.5   |   | %           |          | 92.1  |   | % |             | 92.8   |  | % |

----

|                                                       |                                                 |           |                                                |  |            |   |           |         |            |   |   |             |            |  |   |   |           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|-------------------------------------------------|-----------|------------------------------------------------|--|------------|---|-----------|---------|------------|---|---|-------------|------------|--|---|---|-----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                       | Results for the Three Months Ended September 30 |           | Results for the Nine Months Ended September 30 |
| ($ millions)                                          | 2022                                            |           | 2021                                           |  | 2022       |   | 2021      |
| Gross written premiums                                | $                                               | 288  |                                                |  |            | $ | 276  |         |            |   | $ | 1,033  |            |  |   | $ | 958  |  |  |
| GWP change (% year over year)                         | 4                                          |           | %                                              |  |            |   |           | 8  |            | % |   |             |            |
| Net written premiums                                  | $                                               | 258  |                                                |  |            | $ | 256  |         |            |   | $ | 839    |            |  |   | $ | 783  |  |  |
| NWP change (% year over year)                         | 1                                          |           | %                                              |  |            |   |           | 7  |            | % |   |             |            |
| Core income                                           | $                                               | 19   |                                                |  |            | $ | 17   |         |            |   | $ | 63     |            |  |   | $ | 67   |  |  |
|                                                       |                                                 |           |                                                |  |            |   |           |         |            |   |   |
| Loss ratio excluding catastrophes and development     | 58.6                                       |           | %                                              |  | 58.9  |   | %         |         | 58.6  |   | % |             | 59.2  |  | % |
| Effect of catastrophe impacts                         | 4.1                                        |           |                                                |  | 3.4   |   |           |         | 2.7   |   |   |             | 2.0   |  |   |
| Effect of development-related items                   | —                                    |           |                                                |  | 1.1   |   |           |         | (0.6)      |   |   |             | 0.3   |  |   |
| Loss ratio                                            | 62.7                                       |           | %                                              |  | 63.4  |   | %         |         | 60.7  |   | % |             | 61.5  |  | % |
|                                                       |                                                 |           |                                                |  |            |   |           |         |            |   |   |
| Expense ratio                                         | 31.7                                       |           | %                                              |  | 32.1  |   | %         |         | 32.1  |   | % |             | 33.3  |  | % |
|                                                       |                                                 |           |                                                |  |            |   |           |         |            |   |   |
| Combined ratio                                        | 94.4                                       |           | %                                              |  | 95.5  |   | %         |         | 92.8  |   | % |             | 94.8  |  | % |
| Combined ratio excluding catastrophes and development | 90.3                                       |           | %                                              |  | 91.0  |   | %         |         | 90.7  |   | % |             | 92.5  |  | % |

----

|                       |                                                 |           |                                                |  |           |   |           |  |           |  |   |           |           |  |  |   |           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------|-------------------------------------------------|-----------|------------------------------------------------|--|-----------|---|-----------|--|-----------|--|---|-----------|-----------|--|--|---|-----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                       | Results for the Three Months Ended September 30 |           | Results for the Nine Months Ended September 30 |
| ($ millions)          | 2022                                            |           | 2021                                           |  | 2022      |   | 2021      |
| Net earned premiums   | $                                               | 118  |                                                |  |           | $ | 123  |  |           |  | $ | 356  |           |  |  | $ | 369  |  |  |
| Net investment income | 187                                        |           |                                                |  | 240  |   |           |  | 600  |  |   |           | 724  |  |  |
| Core (loss) income    | (22)                                            |           |                                                |  | 41   |   |           |  | 7    |  |   |           | 120  |  |  |

|                                              |                                                 |         |                                                |  |          |   |         |  |          |  |   |          |          |  |  |   |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|-------------------------------------------------|---------|------------------------------------------------|--|----------|---|---------|--|----------|--|---|----------|----------|--|--|---|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                              | Results for the Three Months Ended September 30 |         | Results for the Nine Months Ended September 30 |
| ($ millions)                                 | 2022                                            |         | 2021                                           |  | 2022     |   | 2021    |
| Net investment income                        | $                                               | 5  |                                                |  |          | $ | 2  |  |          |  | $ | 10  |          |  |  | $ | 12  |  |  |
| Insurance claims and policyholders' benefits | (13)                                            |         |                                                |  | (6)      |   |         |  | 36  |  |   |          | 23  |  |  |
| Interest expense                             | 28                                         |         |                                                |  | 28  |   |         |  | 84  |  |   |          | 84  |  |  |
| Core loss                                    | (25)                                            |         |                                                |  | (21)     |   |         |  | (131)    |  |   |          | (110)    |  |  |

|                       |                                                 |           |                                                |  |      |   |           |  |  |  |   |             |  |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------|-------------------------------------------------|-----------|------------------------------------------------|--|------|---|-----------|--|--|--|---|-------------|--|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                       | Results for the Three Months Ended September 30 |           | Results for the Nine Months Ended September 30 |
|                       | 2022                                            |           | 2021                                           |  | 2022 |   | 2021      |
| Net investment income | $                                               | 422  |                                                |  |      | $ | 513  |  |  |  | $ | 1,302  |  |  |  | $ | 1,608  |  |  |

----

|                           |  |                                |  |  |  |  |  |  |
|---------------------------|--|--------------------------------|--|--|--|--|--|--|
| Media:                |  | Analysts:                  |
| Cara McCall, 312-822-1309 |  | Ralitza Todorova, 312-822-3834 |
|                           |  |                                |

----

|                                         |                                                 |           |                                                |          |      |           |       |  |   |           |  |  |   |           |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|-------------------------------------------------|-----------|------------------------------------------------|----------|------|-----------|-------|--|---|-----------|--|--|---|-----------|--|--|--|--|--|--|--|--|--|
|                                         | Results for the Three Months Ended September 30 |           | Results for the Nine Months Ended September 30 |
| ($ millions)                            | 2022                                            |           | 2021                                           |          | 2022 |           | 2021  |
| Net income                              | $                                               | 128  |                                                |          | $    | 256  |       |  | $ | 646  |  |  | $ | 936  |  |
| Less: Net investment gains (losses) | (85)                                            |           |                                                | 19  |      |           | (128) |  |   | 95   |  |
| Core income                             | $                                               | 213  |                                                |          | $    | 237  |       |  | $ | 774  |  |  | $ | 841  |  |

|                                         |                                                 |            |                                                |            |      |            |        |  |   |            |  |  |   |            |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|-------------------------------------------------|------------|------------------------------------------------|------------|------|------------|--------|--|---|------------|--|--|---|------------|--|--|--|--|--|--|--|--|--|
|                                         | Results for the Three Months Ended September 30 |            | Results for the Nine Months Ended September 30 |
|                                         | 2022                                            |            | 2021                                           |            | 2022 |            | 2021   |
| Net income per diluted share            | $                                               | 0.47  |                                                |            | $    | 0.94  |        |  | $ | 2.37  |  |  | $ | 3.43  |  |
| Less: Net investment (losses) gains | (0.31)                                          |            |                                                | 0.07  |      |            | (0.47) |  |   | 0.35  |  |
| Core income per diluted share           | $                                               | 0.78  |                                                |            | $    | 0.87  |        |  | $ | 2.84  |  |  | $ | 3.08  |  |

|                                     |                    |             |                   |            |   |             |  |  |  |  |  |
|-------------------------------------|--------------------|-------------|-------------------|------------|---|-------------|--|--|--|--|--|
|                                     | September 30, 2022 |             | December 31, 2021 |
| Book value per share                | $                  | 29.88  |                   |            | $ | 47.20  |  |
| Less: Per share impact of AOCI  | (15.28)            |             |                   | 1.18  |   |
| Book value per share excluding AOCI | $                  | 45.16  |                   |            | $ | 46.02  |  |

----

|                                                 |                                                 |           |                                                |              |      |             |              |  |   |              |  |   |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|-------------------------------------------------|-----------|------------------------------------------------|--------------|------|-------------|--------------|--|---|--------------|--|---|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                 | Results for the Three Months Ended September 30 |           | Results for the Nine Months Ended September 30 |              |
| ($ millions)                                    | 2022                                            |           | 2021                                           |              | 2022 |             | 2021         |  |
| Annualized net income                           | $                                               | 511  |                                                |              | $    | 1,022  |              |  | $ | 861     |  |   | $ | 1,248  |  |  |
| Average stockholders' equity including AOCI (a) | 8,803                                      |           |                                                | 12,666  |      |             | 10,451  |  |   | 12,686  |  |   |
| Return on equity                                | 5.8                                        |           | %                                              | 8.1     |      | %           | 8.2     |  | % | 9.8     |  | % |
|                                                 |                                                 |           |                                                |              |      |             |              |  |
| Annualized core income                          | $                                               | 848  |                                                |              | $    | 948    |              |  | $ | 1,031   |  |   | $ | 1,122  |  |  |
| Average stockholders' equity excluding AOCI (a) | 12,229                                     |           |                                                | 12,238  |      |             | 12,361  |  |   | 12,111  |  |   |
| Core return on equity                           | 6.9                                        |           | %                                              | 7.7     |      | %           | 8.3     |  | % | 9.3     |  | % |