Revenue: As of FY2026 Q2, the actual value is USD 1.622 B.

EPS: As of FY2026 Q2, the actual value is USD 16.53.

EBIT: As of FY2026 Q2, the actual value is USD 1.264 B.

Net Income and Adjusted Earnings

Net income available to shareholders for the second quarter of 2026 was $956 million, a significant increase compared to $60 million in the second quarter of 2025. For the six months ended June 30, 2026, net income available to shareholders was $164 million, an improvement from a loss of - $234 million for the same period in 2025.Adjusted earnings for the second quarter of 2026 were $258 million, up from $198 million in the second quarter of 2025. For the six months ended June 30, 2026, adjusted earnings totaled $497 million, compared to $433 million for the six months ended June 30, 2025.Adjusted earnings, less notable items, were $258 million for the second quarter of 2026, also up from $198 million in the prior year’s second quarter. For the six months ended June 30, 2026, adjusted earnings less notable items were $509 million, an increase from $443 million in the corresponding period of 2025.

Total GAAP Revenues and Expenses

Total GAAP revenues for the three months ended June 30, 2026, were $1,622 million, compared to $871 million for the same period in 2025.Total GAAP expenses for the three months ended June 30, 2026, were $396 million, down from $778 million for the three months ended June 30, 2025.

Book Value and Capital

Common stockholders’ equity, or book value, was $4.9 billion as of June 30, 2026, compared to $3,974 million as of June 30, 2025.Book value, excluding accumulated other comprehensive income (AOCI), was $9.0 billion as of June 30, 2026, an increase from $8,231 million as of June 30, 2025.Combined total adjusted capital was $4.9 billion as of June 30, 2026, down from $5.6 billion as of June 30, 2025.The estimated combined Risk-Based Capital (RBC) ratio was between 430% and 450% as of June 30, 2026, consistent with the first quarter of 2026 and within the target range of 400% to 450%.Adjusted Return on Common Equity, excluding AOCI, on a four-quarters trailing basis, was 19.7% as of June 30, 2026, up from 18.4% as of June 30, 2025.

Corporate Expenses

Corporate expenses for the second quarter of 2026 were $204 million, a slight increase from $202 million in the second quarter of 2025, but a decrease from $227 million in the first quarter of 2026, all on a pre-tax basis.

Net Investment Income

Net investment income was $1,241 million in the second quarter of 2026, while adjusted net investment income was $1,239 million.Adjusted net investment income decreased by $53 million quarter-over-quarter and $29 million sequentially, primarily due to lower alternative investment income.The adjusted net investment income yield was 4.17% during the second quarter of 2026.

Holding Company Liquidity

Holding company liquid assets were $0.9 billion as of June 30, 2026.

Segment Performance (Adjusted Earnings)

Annuities Segment

Adjusted earnings were $349 million in the second quarter of 2026, up from $332 million in the second quarter of 2025. For the six months ended June 30, 2026, adjusted earnings were $673 million, compared to $646 million for the same period in 2025.Adjusted revenues for the three months ended June 30, 2026, were $1,374 million, up from $1,331 million in the prior year period.Adjusted expenses for the three months ended June 30, 2026, were $943 million, compared to $921 million in the prior year period.

Life Segment

The segment reported an adjusted loss of - $4 million in the second quarter of 2026, an improvement from an adjusted loss of - $26 million in the second quarter of 2025. For the six months ended June 30, 2026, the adjusted loss was - $10 million, an improvement from - $17 million for the same period in 2025.Adjusted revenues for the three months ended June 30, 2026, were $253 million, down from $283 million in the prior year period.Adjusted expenses for the three months ended June 30, 2026, were $260 million, down from $316 million in the prior year period.

Run-off Segment

The segment had an adjusted loss of - $56 million in the second quarter of 2026, compared to an adjusted loss of - $83 million in the second quarter of 2025. For the six months ended June 30, 2026, the adjusted loss was - $104 million, an improvement from - $147 million for the same period in 2025.Adjusted revenues for the three months ended June 30, 2026, were $339 million, down from $382 million in the prior year period.Adjusted expenses for the three months ended June 30, 2026, were $409 million, down from $487 million in the prior year period.

Corporate & Other Segment

This segment reported an adjusted loss of - $31 million in the second quarter of 2026, compared to an adjusted loss of - $25 million in the second quarter of 2025. For the six months ended June 30, 2026, the adjusted loss was - $62 million, compared to - $49 million for the same period in 2025.Adjusted revenues for the three months ended June 30, 2026, were $137 million, down from $158 million in the prior year period.Adjusted expenses for the three months ended June 30, 2026, were $150 million, down from $161 million in the prior year period.

Segment Sales

Annuity sales reached $2.4 billion in the second quarter of 2026, reflecting an 11% sequential increase, primarily driven by $2.1 billion in sales of Shield Level Annuities.Total Variable and Shield Level Annuity Sales were $2,292 million for the three months ended June 30, 2026, compared to $2,105 million for the same period in 2025.Total Fixed and Income Annuity Sales were $133 million for the three months ended June 30, 2026, compared to $505 million for the same period in 2025.Life sales for the quarter totaled $39 million, marking a 22% sequential increase, an 18% quarter-over-quarter increase, and a 3% year-to-date increase.Total Life Sales were $39 million for the three months ended June 30, 2026, compared to $33 million for the same period in 2025.

Account Values (End of Period)

Variable and Shield Level Annuities Account Value was $132,977 million as of June 30, 2026, up from $127,180 million as of June 30, 2025.Fixed Annuities Account Value was $16,954 million as of June 30, 2026, down from $19,339 million as of June 30, 2025.Universal and Variable Universal Life Account Value (General Account) was $2,653 million as of June 30, 2026, compared to $2,605 million as of June 30, 2025.Variable Universal Life Account Value (Separate Account) was $7,209 million as of June 30, 2026, up from $6,632 million as of June 30, 2025.Universal Life with Secondary Guarantees Account Value was $4,321 million as of June 30, 2026, down from $4,619 million as of June 30, 2025.

Life Insurance In-force (Net of Reinsurance)

Whole Life in-force was $2,709 million as of June 30, 2026, down from $2,818 million as of June 30, 2025.Term Life in-force was $249,861 million as of June 30, 2026, down from $267,845 million as of June 30, 2025.Universal and Variable Universal Life in-force was $31,225 million as of June 30, 2026, down from $32,026 million as of June 30, 2025.Universal Life with Secondary Guarantees in-force was $31,608 million as of June 30, 2026, down from $32,879 million as of June 30, 2025.

Outlook / Guidance

The pending merger with an affiliate of Aquarian Capital is expected to close in 2026, contingent on certain insurance regulatory approvals. If these approvals are not obtained by September 6, 2026, the merger agreement will automatically extend to December 6, 2026. This financial supplement does not contain specific forward-looking financial guidance, but notes that actual results could differ materially due to various risks.