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portfolios. The focus includes two principal areas, namely: ▪ Acquisition of portfolios or insurers, primarily those in run-off and targeting mainly annuity, guaranteed savings or linked products; and ▪ Reinsurance of long-dated, asset intensive liabilities, typically with guarantees. Thus, the Company is actively seeking to grow through acquisition of in-force life insurance portfolios. This strategy is focused on closed books. Consistent with this strategy the following life insurance portfolios were

operate these businesses or portfolios. The focus includes two principal areas, namely: ▪ Acquisition of portfolios or insurers, primarily those in run-off and targeting mainly annuity, guaranteed savings or linked products; and ▪ Reinsurance of long-dated, asset intensive liabilities, typically with guarantees. Thus, the Company is actively seeking to grow through acquisition of in-force life insurance portfolios. This strategy is focused on closed books. Consistent with this strategy the