Refer to Item 7A included in our 2025 Form 10-K. The following is an update of material market risk changes since December 31, 2025. Equity Price Risk In connection with equity securities held by Solasglas at June 30, 2026, a 10% decline in the price of each of the underlying listed equity securities and equity-based derivative instruments would result in a $15.7 million unrealized loss on our investment in Solasglas (December 31, 2025: $18.5 million). Commodity Prices Risk In connection with Solasglas’ long or short investment in commodities or derivatives directly impacted by fluctuations in the prices of commodities, the following table summarizes the net impact that a 10% decrease in commodity prices would have on the fair value of Solasglas’ investment portfolio. The below table excludes the indirect effect that changes in commodity prices might have on equity securities in the Solasglas’ investment portfolio. June 30, 2026 December 31, 2025 Gold $ 5,032 $ 9,074 Copper 663 574 Crude oil 209 — Uranium — 1,770 Total unrealized loss $ 5,904 $ 11,418 Interest Rate Risk Investment in Solasglas At June 30, 2026, our interest rate risk exposure in Solasglas was predominantly related to interest rate derivatives. The fair value for these derivatives is sensitive to movements in the underlying benchmark yield curve, and a hypothetical 100 basis point parallel increase in the yield curve would result in a $33.0 million loss on our investment in Solasglas (December 31, 2025: $20.5 million). Fixed Maturities The following table presents the estimated pre-tax impact on the fair value of fixed maturities due to an increase in the U.S. yield curve of 100 basis points and an additional 100 basis points credit spread widening for corporate debt, ABS, non-agency RMBS, and municipal bond securities. 47 Return to table of contents Potential adverse change in fair value Fair value Increase in interest rate by 100 basis points Widening of credit spreads by 100 basis points Total At June 30, 2026 U.S. government and agencies $ 26,120 $ (555) $ (555) Agency RMBS 23,671 (617) (617) Securities exposed to credit spreads: Corporate bonds 38,487 (745) (783) (1,528) ABS 6,058 (98) (100) (198) Total fixed maturity portfolio $ 94,336 $ (2,015) $ (883) $ (2,898) Potential adverse change in fair value Fair value Increase in interest rate by 100 basis points Widening of credit spreads by 100 basis points Total At December 31, 2025 U.S. government and agencies $ 17,979 $ (436) $ (436) Agency RMBS 18,258 (485) (485) Securities exposed to credit spreads: Corporate bonds 9,769 (297) (306) (603) ABS 5,565 (53) (102) (155) Non-agency RMBS 600 (30) (29) (59) Municipal bonds 857 (30) (30) (60) Total fixed maturity portfolio $ 53,028 $ (1,331) $ (467) $ (1,798)