We still have a need to handle the claims and process the programs in runoff, so we'll continue to manage the segment to what are low-net retentions and have very diligent focus relative to expense management.

Aug 11, 2026 / receipt, needs a key / Frank D'Orazio, CEO | earnings call 2026-08-11 | transcript bc3771ee-2d8a-4082-92d3-42ebf420e9e1 | chars 24199-24408 | segment 24

Secondly, we will benefit from the lasting operational efficiencies and expense management focus achieved through substantial cost-saving initiatives across the business during 2025, including our re-domicile to the United States.

Mar 3, 2026 / receipt, needs a key / Frank D'Orazio, CEO | earnings call 2026-03-03 | transcript f346f6c9-c13f-419a-a4e3-467d7cff50ff | chars 3099-3329 | segment 3

Expense management will remain a core area of focus as we seek to improve operational leverage without compromising the quality of our underwriting or claim service.

Nov 4, 2025 / receipt, needs a key / Frank D'Orazio, CEO | earnings call 2025-11-04 | transcript b58ac070-dec1-461f-bb06-30679dc67e9f | chars 12861-13026 | segment 12

We've made significant progress on operating efficiency and expense management this quarter and look forward to our planned redomicile to the United States likely later this year, a move which is expected to bring operational efficiencies as well as significant one-time and ongoing cost savings to the organization.

Aug 5, 2025 / receipt, needs a key / Frank D'Orazio, CEO | earnings call 2025-08-05 | transcript c6c87f77-e1f8-4fc4-9f24-b9751160ccd0 | chars 9579-9895 | segment 9

We continue to support a hybrid work model, one that offers our employees a flexible work environment that fosters in-person connection and collaboration and best supports our success as a Company.

filing / Sep 16, 2026 / receipt

Hybrid work allows our company to thrive, balancing employee autonomy and satisfaction while preserving essential team communication and connection.

filing / Sep 16, 2026 / receipt

non-operating expenses, such as professional service fees related to a purported class action lawsuit, various strategic initiatives, the filing of registration statements for the offering of securities, and severance costs associated with terminated employees, calculated as of December 31 of each fiscal year during the performance period.

filing / Sep 16, 2026 / receipt

Peter B. Migliorato 67 Director

filing / Sep 16, 2026 / receipt

Rajiv Basu has served on our Board of Directors since June 2026.

filing / Sep 16, 2026 / receipt

Matthew B. Botein has served on our Board of Directors since January 2023.

filing / Sep 16, 2026 / receipt

Joel D. Cavaness has served on our Board of Directors since July 2025.

filing / Sep 16, 2026 / receipt

Shareholders will be voting at the Annual Meeting to elect Rajiv Basu, Matthew B. Botein, Joel D. Cavaness, Frank N. D’Orazio, Christine LaSala and Peter B. Migliorato as directors

filing / Sep 16, 2026 / receipt