Financials

Since inception, Knighthead Annuity & Life Assurance Company (“Knighthead Annuity”) has focused its expertise on serving the needs of international clients seeking to grow, preserve and protect their wealth through issuance of (a) direct fixed and fixed index annuity contracts and (b) on reinsurance of similar fixed rate products for our United States domiciled insurance partners.

With a combination of product innovation, exceptional investment management, commitment to service excellence, comprehensive risk management and distribution through highly reputable institutional relationships, Knighthead Annuity has emerged as an independently rated leader in the offshore insurance and reinsurance industry.

Knighthead Annuity has the expertise and capital strength required to meet all commitments when due as verified by financial strength independent ratings from AM Best and Kroll Bond Rating Agency (“KBRA”). There is no greater responsibility for Knighthead Annuity than to fulfill our promise to help clients either directly or through our reinsurance segment to achieve their financial goals.

Consolidated Assets Under Management*

* Notes

• AUM depicted show amounts actively managed by third party investment manager, not all company assets
• AUM is presented on a consolidated basis. Assets supporting individual business lines will differ from the consolidated portfolio

For year ended December 31, 2022

* Total available capital equals the total equity plus prescribed capital note proceeds for a total of $469 Million.

Ratings are assigned by independent third-party rating agencies.

A.M. Best

Founded in 1899, AM Best is the world's first credit rating agency and is now the largest credit rating agency in the world specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries. AM Best rating services assesses the creditworthiness of and/or reports on over 16,000 insurance companies worldwide. AM Best credit ratings summarize their opinion on an insurance company's ability to pay claims, debts and other financial obligations in a timely manner. AM Best assigns an A- Financial Strength Rating to insurance companies that, in their opinion, have an excellent ability to meet their ongoing insurance obligations. Knighthead Annuity's rating was affirmed on August 30, 2022 with a Stable outlook. Please visit www.ambest.com to access the company's full ratings report.

Kroll Bond Rating Agency (KBRA)

The Kroll Bond Rating Agency (KBRA) insurance financial strength rating (IFSR) applies only to insurance operating companies. The IFSR is a measure of the overall financial condition of an insurance operating company with respect to its ability to meet its policyholder obligations. The ratings assigned to insurance holding companies and their obligations are reflected on KBRA's long-term credit scale. An A rated insurance company is defined by KBRA as follows: "The insurer's financial condition is sound and the entity is likely to meet its policyholder obligations under difficult economic, financial, and business conditions." Knighthead Annuity's rating was affirmed on June 4, 2022 with a Positive outlook. Please visit www.kbra.com to access the company's full ratings report.