(1) Number of employees approximate as of 1/1/23
(2) Combined ratio is calculated as net loss, acquisition and admin expenses as a percentage of net premium earned, excluding the impact from warrant costs
(3) Operating Return on Equity is a non-U.S. GAAP measure of our performance which does not consider the impact of certain non-recurring and other items that may not properly reflect the ordinary activities of our business, its performance or its future outlook. This measure is calculated as net income available to holders of Common Shares excluding, foreign exchange gains and losses, loss on the extinguishment of preferred securities, and Corporate and Other expenses which include loss on the extinguishment of preferred securities, warrant costs, reorganization expenses, any non-recurring income and expenses, and the tax impact on these items.
divided by opening Common Shareholders Equity