Second Quarter 2022 Highlights
Second Quarter 2022
Investor Presentation
Quarterly Highlights
Forward Looking Statement
In this presentation, we have included statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "estimate," "project," "plan," "believe," "anticipate," "intend," "planned," "potential" and similar expressions, or future or conditional verbs such as "will," "should," "would," "could," and "may," or the negative of those expressions or verbs, identify forward-looking statements. We caution readers that these statements are not guarantees of future performance. Forward-looking statements are not historical facts but instead represent only our beliefs regarding future events, which may by their nature be inherently uncertain and some of which may be outside our control. These statements may relate to plans and objectives with respect to the future, among other things which may change. We are alerting you to the possibility that our actual results may differ, possibly materially, from the expected objectives or anticipated results that may be suggested, expressed or implied by these forward-looking statements. Important factors that could cause our results to differ, possibly materially, from those indicated in the forward-looking statements include, among others, those discussed under "Risk Factors"
Any or all of management's forward-looking statements here or in other publications may tuout to be incorrect and are based on management's current belief or opinions.
2
Overview
Shareholders' Equity: $784 million1
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Everspan |
Cirrata |
Redgrove |
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Specialty Property |
Insurance Distribution |
Strategic Investments in |
and Ambac |
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& |
Insurtech & Insurance Services |
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Insurance Distribution Segment2 |
Corporate and Other2 |
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Segment2 |
Segment2 |
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1.
- 2. As reported in most recent 10Q
Specialty P&C: A Diversified, Capital Light Specialty Platform
Ambac's Specialty P&C Platform includes its growing specialty P&C hybrid fronting business (Everspan), the insurance distribution segment (Cirrata) and the strategic investments strategy (Redgrove)- Growth strategy for the Specialty P&C Platform is to take advantage of the rapidly expanding
U.S. program and fronting market in a capital efficient manner - Everspan's hybrid program & fronting solutions utilize Managing General Agents (MGAs) and Managing General Underwriters (MGUs) to act as distribution
- Cirrata primarily takes majority stakes in MGAs which may take advantage of underwriting capacity granted by Everspan, on either an admitted or surplus lines basis
Ambac's legacy financial guarantee business, which is in run-off, has certain key catalysts we are striving to resolve in the near term
Cirrata
Primarily Majority
stakes in MGA/
MGUs
Everspan
MGA/MGU program and fronting solutions
Specialty
P&C Platform
Creating value at every level of the MGA/MGU value chain
Redgrove
Minority stakes in
Insurtech and
insurance related
businesses
4
Select Partnerships and Strategic Investments
Everspan
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3Q21 |
1Q22 |
1Q22 |
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1Q22 |
2Q22 |
3Q22 |
4Q22 |
Cirrata & Redgrove
de novo Human Services
MGA
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4Q20 |
4Q21 |
2Q22 |
5
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Attachments
Disclaimer


PROASSURANCE CORP – 10-Q – MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
ESSENT GROUP LTD. – 10-Q – Management's Discussion and Analysis of Financial Condition and Results of Operations
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