BofA Securities 2025 Financial Services Presentation

PROUD TO BE BEST IN CLASS

HOW WE STACK UP

• High Performing (Norm) - Average survey scores from 65 top performing organizations with over 685,000 employees (based on financial performance versus peers, and high employee engagement and enablement.)

Significant Ownership

by Management

14%

24%

62%

Individual Institutional Family, Investors Investors Executives and

Retirement Plan

Unique, Incentive-Based

Programs for P&C Business

Leaders

• Annual awards
• • based on AY COR targets derived from ROE thresholds
  • paid over 2-3 years; claw back feature
• Long Term Incentive Comp (LTIC) Plan
• • 5-yearmeasurement period based on AY COR targets derived from ROE thresholds
  • paid out over the following 4-5 years
• Attract, retain and reward key operating executives & officers

Profit Sharing for Employees

• Our Profit-Sharing Plan is a key component of AFG's Total Rewards Program, rewarding eligible employees for their contributions toward overall performance

Innovator in Risk Sharing and

Alternative Risk Transfer Programs

For Policyholders and Agents

• A leader in providing risk sharing alternatives to the passenger transportation, moving & storage and trucking specialty transportation industries
• Through collaboration and specialized knowledge, we work with a variety of agency and group risk sharing programs in a wide range of industry segments in our Targeted Markets operations
• Our Strategic Comp business offers unique coverage options for workers' comp accounts that include higher retentions and specialty loss prevention - giving businesses more control over their costs, risks, and outcomes
• Innovative commission structures for distribution

Sale of

Commercial

Lines Division

1998 2000

Start-up of

Financial

Institution

Services

2010

Acquisition of Vanliner

We are specialists in providing property and casualty insurance solutions that fulfill today's needs and tomorrow's dreams. We are a trusted partner in delivering long-term value to our customers, employees and investors.

PROPERTY &

TRANSPORTATION

Agribusiness (farm & ranch)

Commercial Automobile

Commercial Property

Crop

Equine Mortality

Inland and Ocean Marine

SPECIALTY

CASUALTY

Cyber Risk

Excess and Surplus

Executive & Professional Liability

General Liability

M&A Liability

Medical Stop Loss

Public Entities

Targeted Programs

Umbrella and Excess Liability

Workers' Compensation

SPECIALTY

FINANCIAL

Fidelity / Crime

Financial Institution Services

Lease and Loan Services

Surety

Trade Credit

A+ A+ A1

Superior Strong

Diversified product offerings in niche markets

Consistent, solid underwriting results

Strong market positions

Strong capitalization

Low catastrophe risk profile

The Numbers Tell Our Story 3,000

Property and casualty insurance companies in the United States

50

Companies on the Ward's 50 List for safety, consistency and performance

4

Rated "A" (Excellent) or better by AM Best for 115 or more years

3

on both lists

1

Great American Insurance Company is 1 of the three