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^{1. Catastrophe models include historical hurricanes in their event catalogs to help estimate losses if those events were to occur today. The historical event losses shown are based on the 09/30/2025 projected portfolio and are the average of the AIR TSv12 & RMS RiskLink v23 modeled losses, including demand surge.}

Think of reinsurance as insurance for your insurance company. It spreads out risk to reduce the financial impact of big losses. We partner with leading reinsurers in the industry – ones that are very well capitalized and many that provide full collateral to support their capacity. Our reinsurance program ensures we have the ability to pay claims and help you recover quickly after a disaster.

Here are the highlights:

• Our catastrophe excess of loss (Cat XOL) program provides all-peril coverage for widespread single events, like a hurricane, wildfire, tornado, or winter storm.
• First event reinsurance covers a 1-in-130 year loss, meaning ×îÐÂÂ鶹ԭ´´â€™s program limits can cover a major loss only expected to occur once 
in 130 years. Second event reinsurance covers a 1-in-50 year loss.
• ×îÐÂÂ鶹ԭ´´ has sponsored seven SEC 144A catastrophe bonds, totaling 
more than $975 million in first and second event capacity.

So what does our program look like in action? Take our first-event reinsurance for example. There’s less than a 1 percent chance that an event exceeds our program’s limits in any given year. The chart above illustrates how our reinsurance protection compares to our projected portfolio’s modeled losses from named storms in the last 125 years.