TRV.N Financial Performance Highlights as of September 2024

Financial Overview of TRV.N as of September 2024

Book Value and Adjusted Book Value per Share

• Book Value per Share: $122.00 (2024), $109.19 (2023), $87.47 (2022)
• Adjusted Book Value per Share: $131.30 (2024), $122.90 (2023), $115.78 (2022)

Tangible Book Value per Share

• Excluding net unrealized investment losses, net of tax: $111.25 (2024), $104.57 (2023), $97.53 (2022)

Total Capitalization and Debt Ratios

Total Capitalization

• September 30, 2024: $35,729 million
• December 31, 2023: $32,952 million

Debt-to-Capital Ratios

• Debt-to-Capital Ratio: 22.5% (2024), 24.4% (2023)
• Debt-to-Capital Ratio Excluding Net Unrealized Investment Losses: 21.2% (2024), 22.3% (2023)

Invested Assets

Invested Assets

• September 30, 2024: $95,450 million
• September 30, 2023: $82,956 million

Invested Assets Excluding Net Unrealized Investment Losses

• September 30, 2024: $98,122 million
• September 30, 2023: $91,162 million

Insurance Premiums and Retention Metrics

Gross Written Premiums: Reflect the total amounts charged to policyholders.

Net Written Premiums: Gross written premiums minus premiums ceded to reinsurers.

Retention and Renewal Metrics

• Retention: Indicates the percentage of premiums retained.
• Renewal Rate Change: Represents the estimated change in average premium on policies that renew, excluding exposure changes.
• Exposure: A measure of risk used in pricing insurance products.
• Renewal Premium Change: Estimated change in average premium on policies that renew, including rate and exposure changes.

Additional Financial Metrics

Statutory Capital and Surplus: The excess of an insurance company’s admitted assets over its liabilities.

Holding Company Liquidity: Total funds available at the holding company level for general corporate purposes.

For further details, refer to the Company’s most recent annual report on Form 10-K filed with the SEC on February 15, 2024, and other periodic filings with the SEC.