We delivered a strong finish to an outstanding year through disciplined growth and the proven ability and flexibility of our business model as we transitioned to be more fee-based, higher margin, and less capital intensive. And we've remained focused on creating long-term shareholder value. We are executing on our strategy and made further progress toward our 2023 investor day targets as we achieved record AUM before flow reinsurance fueled by one of our best years of sales. Excellent performance in our high quality diversified investment portfolio, strong performance across our business balanced with diligent expense management and a healthy financial and capital position.

Feb 20, 2026 / CEO / receipt, needs a key / Chris Blunt, CEO | earnings call 2026-02-20 | transcript 4765e983-0e48-4e48-aeb0-705d04e567bf | chars 1701-2383 | segment 1