Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Adopted an environmental policy to promote social responsibility by integrating environmental concerns into the Company’s business operations. Provided resources and technology to its employees to reduce their use of consumables, including virtual printing and electronic document collaboration, file storage, signature collection and forms. These measures have enabled the Company to substantially reduce its use of paper and printer toner.

Social Achievements

• The Company has for the past several years provided eligible employees with opportunities for remote work. Having an existing infrastructure for remote work allowed the Company to seamlessly transition to an entirely remote work environment during the Covid-19 pandemic. The Company provides varied support options for eligible employees, including Company-issued computers and monitors, IT support and flexible scheduling. The Company reimburses eligible employees who are required to maintain licenses or certifications as part of their job responsibilities all associated fees to maintain these licenses and certifications, and provides a Company-paid platform for all required continuing education. The Company encourages all of its employees to continue their education to improve knowledge, responsibility and growth in their professional careers. The Company has established, for the benefit of its employees, an Education Assistance Program, through which the Company provides stipends to eligible employees for collegiate degree programs and professional industry designations at approved institutions.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Occurrence of natural and man-made disasters, inadequate loss reserves, increased reinsurance costs, non-collectability of reinsurance, climate change, COVID-19, AOB lawsuits, construction defect claims, failure to comply with senior note indenture covenants, need for additional capital, minimum capital and surplus requirements, changes in regulation, assessments supporting property and casualty insurance pools, reduced investment returns, inaccurate claim payments, business cycles in the property and casualty insurance industry, unprofitable operations outside Florida, inaccurate risk pricing, adverse ratings by insurance rating agencies, reliance on independent agents, cybersecurity breaches, and failure of information technology systems.
• Material weakness in internal controls over financial reporting.

Mitigation Strategies

• Underwriting controls, third-party reinsurance, restrictive underwriting criteria, sensitivity to geographic concentrations, reinsurance, work-from-home culture, business continuity plan, AOB legislation, risk mitigation strategies (avoidance, portfolio optimization, risk transfer, adequate primary insurance, enterprise risk management culture), additional reconciliation procedures, enhanced documentation and review procedures, increased staffing.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes, tropical storms, tornadoes, wind, hail, fires, explosions

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• We will help create opportunities for our suppliers and employees to do the same.

Climate-Related Risks & Opportunities