b' This outstanding performanceis a testament to our robust business modeland our ability to retain our members. It also reflects the unconditionalcommitment of our 2,400 employees. Strong results,once again! Despite a year marked by many uncertaintiesnotably due to inflation and geopoliticalAt a time when climate change has been forcing damage insurers to rethink their strategies conflictsPromutuel Insurance came out on top, showing exceptional results for the fiscaland adapt to changing risks, Hurricane Debby hit Qubec. This storm, recognized as year ending December 31, 2024. the most expensive weather event in Qubecs history,2 obviously had an impact on Promutuel Insurances results. Despite numerous claims from our members, representing Our overall performance is strong. It shows clear progress compared with 2023, as well$95.4 million in compensation, our organization had a net loss ratio of 50.3%. Agreements as noteworthy growth. Our organization reached a premium volume of $1.3 billion1, anreached with our retrocessionaires have enabled us to greatly mitigate the financial increase of 11.6%, or 1.2% above our target. This remarkable achievement is a testamentimpact, helping to compensate our members and preserve their assets.to our robust business model, among other things. It successfully combines our various distribution channels, namely direct salesgenerated by our insurance agents and onlineAs a result of the strong performance mentioned above, we recorded $184 million in quotesand sales made through our brokerage partners. Our success also demonstratesinsurance service result, an increase of 21.1% compared to 2023, once again exceeding our ability to retain our members, and our teams unconditional commitment to providingour already ambitious projections. These insurance results and the excellent returns from them with excellent service. our investment portfolios, allowed us to achieve a comprehensive income of $230 million, representing a 60.8% increase versus last year. These extraordinary results are, without a doubt, the product of our continued efforts and our ability to navigate a complex and uncertain environment. We are proud of these accomplishments, and we look forward to building on them for years to come. rt o p Re al u n n A 9 14 2 0 2 | 1This financial measure does not meet International Financial Reporting Standards (IFRS). The closest recognized measure, Insurance Service Revenue, is presented in the Statement of Income and Comprehensive Income of the Combined Financial Overview included in the 2024 Financial Report.2 Insurance Bureau of Canada (September 13, 2024) The costliest severe weather event in Quebecs historyAugust flooding caused nearly $2.5 billion in insured damage, [Online] bac-quebec.qc.ca.'