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Page 1 1 Highlights 1 Disclosure 1 Page 2 3 Highlights (CONT) 3 Current outlook: 3 Page 3 4 Current outlook: (CONT) 4 Reinsurance operations: 4 Insurance operations: 4 Page 4 5 Insurance operations: (CONT) 5 Policy service and claims management: 5 Page 5 6 Policy service and claims management: (CONT) 6 Competition: 6 Experienced Management Team (full bios on pages 20-26): 6 Investment Portfolio Details and Fee Structures: 6 Page 6 7 Investment Portfolio Details and Fee Structures: (CONT) 7 Table Title: Figure 1: Fees Paid To Manage The Investment Portfolio 7 Page 7 8 Investment Portfolio Details and Fee Structures: (CONT) 8 Graphics Title: Figure 2: Total Investments 8 Page 8 9 Graphics Title: Figure 3: Investments By Rating 9 Graphics Title: Figure 4: Non-Investment Grade Portfolio 9 Page 9 10 Graphics Title: Figure 5: HPS AUM Composition 10 Investment Portfolio Performance Versus Benchmarks: 10 Table Title: Figure 6: Investment Portfolio (With Graph) 10 Page 10 11 Investment Portfolio Performance Versus Benchmarks: (CONT) 11 Table Title: Figure 7: Fees and Reimbursements Paid To Arch 11 Variable cost structure: 11 Build an insurance platform that supplements our reinsurance busin
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