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MIDWEST REGION: PARTNER SHOWCASEGROWTH & CAPABILITIES FRP BOARD OF DIRECTORS | MAY 12, 2025 | LOUISVILLE, KY Message

2FRP of KentuckyJason Rankin, Managing Director | Brock Evans, SVP of CLJRankin@FoundaonRP.com | 502.371.4033BEvans@FoundaonRP.com | 502.609.55189700 Ormsby Staon Road, Suite 200, Louisville, KY 40223FoundaonRP.comFRP of OhioMichael McGraw, SVP & Mng. Director | Daniel Greene, VPMMcGraw@FoundaonRP.com | 513.708.8887 DGreene@FoundaonRP.com | 513.534.0294625 Eden Park Drive, Suite 350, Cincinna, OH 45202FoundaonRP.comApartment Insurance ConsultantsAndrew Brano, CEOAndrew@AICInsure.com | 517.505.48847000 N. MoPac Expressway, Suite 250, Ausn, TX 78731AICInsure.comChurch Asset Management | Lutheran TrustKip Starnes, PresidentKip@LTCAM.com | 314.249.55081500 Wall Street, St. Charles, MO 63303LTCAM.comInsurance Oce of Central Ohio Hope Wolman, SVP PC Pracce | Jonathan Wolman, SVP & COOHope@IOCO-Columbus.com | 614.939.5323Jonathan@IOCO-Columbus.com | 614.939.5447165 West Main Street, New Albany, OH 43054IOCO-Columbus.comUnland Insurance & BenetsPat Taphorn, President | Nate Rugaard, SVP P&C and EBPTaphorn@Unland.com | 309.657.2694NRugaard@unland.com | 309.642.68402211 Broadway Street, Pekin, IL 61554Unland.comAlign Risk SoluonsAndrew Rhea, President | James Anderson, CFOARhea@AlignRiskSoluons.com | 615.788.1218JAnderson@AlignRiskSoluons.com | 615.480.4800 3322 West End Avenue, Suite 120, Nashville, TN 37203AlignRiskSoluons.com

TABLE OF CONTENTS PAGEFRP of Kentucky 4,5FRP of Ohio 6,7 Apartment Insurance Consultants 8,9Church Asset Management | Lutheran Trust 10,11Insurance Oce of Central Ohio 12,13Unland Insurance & Benets 14,15Align Risk Soluons 16,17Welcome Foundaon Risk Partners Board of DirectorsCharlie LydeckerCEO/Chairman, Foundaon Risk PartnersKathleen ShanahanSenior Advisor, TurtleDan AmbrosiaSenior Investment Leader, Partners GroupBill BloomEVP, The Harord (Ret.)Michael DimitriefPrincipal, Warburg PincusJoel SchwartzPartner, Partners GroupBruce CrawfordLt. General, US Army (Ret.)Jorge DominicisCo-Chairman, Board of Managers, Wellpath32025 FULL-YEAR FORECAST REVENUE (FYF)FRP - KY|OH$17.4MAIC$6.2MCAM-LT$7.5MIOCO$3.0MUNLAND$9.3MALIGN$3.5M

Agency Prole2025 Sales Goal (FY): $2.0M 2025 Q1: $511K (99% to YTD Goal) New Business Sales & GrowthLocationLOUISVILLE, KYJoined FRPDEC 2020Size$17.4M (KY|OH)Team 60 EMPLOYEES(2 IN 2025 YTD TOP 100)Areas of ExpertiseEMPLOYEE BENEFITSCOMMERCIAL LINESPERSONAL LINESMEDICAL MALPRACTICEAVIATION1.2.3.4.5.Top New Business WinsHBC, Hunter Rowe and Mike McGraw; $40K EB + $25K CLHJH Premium Grand Prairie Hospital, Terry Gordon; $100K CLHeritage Installaons, Terry Gordon; $40K CLCommonwealth Paving, Landon Murray; $25K CLKellWell Foods, Hunter Rowe; $33K EB + $25K CL1.2.3.4.5.Key DifferentiatorsFRPKY has a seasoned team of professionals who believe strongly in what we sell, ourselves. Our culture is rooted in mutual support and collaboraon, creang an environment where we can grow, succeed, and face challenges together.4

FRP of KentuckyRevenue Growth - FRP KY|OH Combined4.6% CAGR Compound Annual Growth Rate* Acquired December 20202021$14.6M*2022$14.7M2023$15.0M2024$15.7M2025 FYF$17.4MLouisville, KYJason Rankin, Managing Director | Brock Evans, SVP of CLOpportunitiesChallenges1. Three new producers hired in last 12 months2. Cross collaboraon with FRP of Kentucky team3. Upcoming Internship Program will provide a source for new talent1. Replacing experienced team memberswho recently rered2. Oering compeve EB renewals with only two signicant payors in the KY market (Anthem BCBS and UHC) 3. Addional workload on our team resulng from renewal work and a turbulent property market due to rate increases1. Our EB team wrote VORA Ventures aer engaging ARMSRx during the bidding process to assess pharmacy spend; their presentaon helped secure the AOR leer and $150K.2. Our longme EB client, Flynn Brothers, wanted to transion to a self-funded plan. This was a dicult case to place in the Stop Loss market due to claims history. We engaged XL Benets who negoated the terms, assisted in placing coverage and helped to maintain the relaonship and secure $100K.Collaborative Success Story5

Agency Prole2025 Sales Goal (FY): $435K 2025 Q1: $196K (173% to YTD Goal) New Business Sales & GrowthLocationCINCINNATI, OHJoined FRPDEC 2020Size$17.4M (KY|OH)Team 9 EMPLOYEES(2 IN 2025 YTD TOP 100)Areas of ExpertiseCOMPLEX COMMERCIAL BUSINESSPRIVATE CLIENT PERSONAL LINESLIFE, LONG-TERM CARE & DISABILITY1.2.3.Top New Business WinsDarana Hybrid; $250KDireconal Technologies; $40KPrivate Client Account; $17KThurner Investments, LLC; $15KAuto Dealership Group; $10K1.2.3.4.5.Key Differentiators1. Brokerage longevity; 70+ years old2. Long-term/mul-generaonal clients3. Complex risk exposure (Ex. Stop Sck Internaonal, Inc. - a police device to stop high-speed chases and protect crime scenes) 86

FRP of OhioRevenue Growth - FRP KY|OH Combined4.6% CAGR Compound Annual Growth Rate* Acquired December 20202021$14.6M*2022$14.7M2023$15.0M2024$15.7M2025 FYF$17.4MCincinna, OHMichael McGraw, SVP & Managing Director | Daniel Greene, VPOpportunities Challenges1. We have a number of Complex Commercial Risk Accounts with opportunies to add ancillary lines of business with high revenue potenal (Builder’s Risk Programs, & M&A Opportunies)2. Idened a Producer in our oce to align with strategic FRP partner agency to write more specialized opportunies (Architects and Engineers & Dealerships)1. Balancing retenon with New Business opportunies2. Service team burnout; small Commercial Lines accounts causing overload1. Collaborated with EB Group out of FRP KY to write two new benet accounts for exisng clients2. Through the assistance of FRP KY’s Aviaon Team, placed coverage for three planes of Darana Aviaon totaling and secure; $23K3. Partnered with our Florida agencies to place secondary homes (PL & CL) for many of our insuredsCollaborative Success Story7

Agency Prole2025 Sales Goal (FY): $2.0M 2025 Q1: $442K (85% to YTD Goal) 8New Business Sales & GrowthLocationAUSTIN, TXJoined FRPMAY 2019Size$6.2MTeam 9 EMPLOYEES (2024 IMPACT AWARDS)Areas of ExpertiseINSURANCE FOR APARTMENT COMPLEXESNICHE HABITATIONAL PROGRAMTRANSACTIONAL BROKERAGETOP-TIER CARRIER PARTNERS TAILORED FOR SMALL/MID-SIZED OWNERS COVERAGE ACCESS FOR LARGE PROPERTIES1.2.3.4.5.6.Top New Business WinsWildower Condominiums; $51.3M TIV, IDNorthwave Holdings; $43.6M TIV, MN-ND-IAEnclave at Sun Canyon HOA; $37.8M TIV, UTPadukah Investments; $23.3M TIV, KYThe Gateway Condominiums; $44.2M TIV, CO1.2.3.4.5.Key Differentiators1. AIC creates, manages and distributes an exclusive proprietary property program. 2. We oer broad coverage at compeve pricing while oering locaon blanket limit coverage.3. AIC’s proprietary computer system fully integrates data from underwring, accounng, loss history and third-party data to run analycs and risk reports regarding total insurance value (TIV) exposure. 4. AIC leadership has 15+ years experience in our niche program navigang habitaonal markets.

Apartment Insurance Consultants9Revenue Growth7.5% CAGR Compound Annual Growth Rate* Acquired May 20192019$4.0M*2020$2.5M2021$2.7M2022$2.5M2023$4.5M2024$5.5M2025 FYF$6.2MAusn, TXAndrew Brano, Chief Execuve OcerOpportunitiesChallenges1. AIC is well posioned for growth via risks in hard-to-place geographic regions (i.e. convecve wind via Texas and Central Plains states, etc.) and connually works to expand its retail agent network to support distribuon and new business. 2. We see internal-synergisc growth opportunies with FRP agencies: Recent submission acvity from Lutheran Trust (Midwest senior housing); Balsiger (Western HOA’s and apartments) and other poten-al referrals.1. The habitaonal and commercial property market has sharply hardened during the past 3-4 years; various geographic regions are soening while others are sll rm or hardening. 2. With the market moving unevenly, it’s a challenge to stay ahead of shiing compeon while maintaining aracve oerings.1. AIC added new business client Brownstone Village in March 2025; $25.3M TIV in Dayton, Ohio, as a referral result from Daniel Greene of FRP of Ohio.2. AIC renewed exisng client Westcourt Apartments in March 2025; $62.9M TIV in Colton, California, as a referral result from Eric Stelnick of the newly acquired LBW.Collaborative Success Story

Agency Prole2025 Sales Goal (FY): $900K 2025 Q1: $233K (100% to YTD Goal) New Business Sales & GrowthLocationST. CHARLES, MOJoined FRPDEC 2021Size$7.5MTeam 28 EMPLOYEES(4 IN 2025 TOP 100)Areas of ExpertiseRELIGIOUS ORGANIZATIONSEDUCATIONSOCIAL SERVICESENIOR LIVINGNON-FOR-PROFITS1.2.3.4.5.Top New Business WinsTravis Avenue Bapst in Texas; renewal coverage gaps/BOR by David Lehmann; $22KTrinity Lutheran Church & School in Missouri; E&S Acc’t, ALL BORs and got creave with clientsscal budget to secure by Ma Pahde; $18K Revenue Village Cooperave of Fort Collins in Colorado; E&S Acc’t by Laura Hern; $11KSt. Paul United Church of Christ in Missouri; GuideOne Acc’t by Ma Pahde; $9KGranite State Bapst Church in New Hampshire; E&S with Promont, AmWINS and Burns to achievefull coverage by Joseph Siriani; $9K1.2.3.4.5.Key Differentiators1. CAM|LT is specialized in the religious organizaons and non-for-prot segments.2. We hold the best relaonship with great commission levels from GuideOne.3. We have an experienced team in our target classes.4. We hold a respected reputaon in the religious org. space with carriers, E&S brokers and clients.5. CAM|LT Account Managers and Markeng Teams have great processes and infrastructures that allow us to eciently write high volumes of business and keep retenon very high.810

Church Asset Management | Lutheran TrustRevenue Growth12.8% CAGR Compound Annual Growth Rate* Acquired December 20212022$5.2M*2023$5.6M2024$6.7M2025 FYF$7.5MSt. Charles, MOKip Starnes, PresidentOpportunitiesChallenges1. The religious org. market is in a state of chaos. Lots of dicult renewals or cancelaons taking place.2. Many standard carriers are no longer interestedin wring religious org. risks.3. We have a special relaonship with GuideOne. While they have strong growth targets and want to write business with our agency, GuideOne also represents a concentraon risk.4. We have an excellent and very experienced team that knows how to write business in our target classes.1. Increased compeon will come as rates rise and as carriers improve their protability.2. The market is hard and somemes we cannot nd the right E&S quote to win every deal.3. Regular customer engagement is essenal in our high-volume, low-revenue-per-account model, where improved protability and a large team is needed to support our goal of reaching 30% margins by year-end.1. Collaborated with Brandon Levy of Acentria; Calvary Center Cooperave $40K 2. Moved EB business to FRP of Kentucky for servicingCollaborative Success Story11

Agency Prole2025 Sales Goal (FY): $178K 2025 Q1: $35K (75% to YTD Goal) New Business Sales & GrowthLocationNEW ALBANY, OHJoined FRPMARCH 2022Size$3.0MTeam 15 EMPLOYEESAreas of ExpertiseHIGH NET WORTH INDIVIDUALS, FAMILIES, OFFICESPASSION PURSUITS: FINE ART, COLLECTOR AUTOMOBILES, JEWELRY AND OTHER EPHEMERAPROFESSIONAL LIABILITY: MEDICAL, LEGAL, ETC.1.2.3.Top New Business WinsWorked with Pinnacle Brokers to provide CA-based client with coverage in two high-risk areas; $4KAssisted HNW client with expansion of his business; $7K 1.2.Key Differentiators1. We have a deep experse in insuring Fine Art, Jewelry and other Collecons.2. We have the ability to handle Personal Lines insurance for our Professional Liability clients.3. We have the ability to handle the Commercial coverages for High Net Worth (HNW) PL clients.4. One of two FRP agencies to represent Berkley One, a relavely newer entrant in the HNW PL arena.12

Insurance Ofce of Central OhioRevenue Growth8% CAGR Compound Annual Growth Rate* Acquired March 20222022$2.3M*2023$2.7M2024$2.9M2025 FYF$3.0MNew Albany, OHHope Wolman, SVP Private Client Pracce | Jonathan Wolman, SVP & COO OpportunitiesChallenges1. Connue collaborang with Pinnacle, Balsiger and other FRP agencies.2. Connue to cross-sell personal and commercial lines of business between our clients.3. Connue inroads with wealth managers and Private Client Service groups at banks.1. Team is struggling to keep up with workload; there is a stang need for an addional HNW Personal Lines producer and account manager to service exisng client base. 2. Record convecve storms in the Midwest drove double-digit premium increases (oen over 20%), unusual for this client base.3. Encourage clients to take steps to migate risk.1. Partnered with Pinnacle to deliver personal lines insurance for six of their clients in the last six months.2. Successfully placed coverage for six members among FRP’s Execuve Team and Partners Group.Collaborative Success Story13

Agency Prole2025 Sales Goal (FY): $715K 2025 Q1: $197K (106% to YTD Goal) New Business Sales & GrowthLocationPEKIN, ILJoined FRPJUNE 2023Size$9.3MTeam 47 EMPLOYEES(1 IN TOP 100)Areas of ExpertisePUBLIC & PRIVATE SCHOOL DISTRICTS (LARGEST NICHE / VERTICAL)HOSPITALITY (BARS & RESTAURANTS)CONTRACTORS, CHURCHES, MUNICIPALITIESHABITATIONAL AND MANUFACTURING1.2.3.Top New Business WinsWorked with Puritan Springs Water Co.; Benets, WC, Professional Employer Org.; $26KCindy Newman; Financial Services Advisory; $21KSam Parro; Property, Lessors Risk Only; $13KNew World Condo Associaon; $9KBen Leman; Personal Lines; Illinois and Florida; $7K1.2.3.4.5.Key Differentiators1. Experienced, Tenured Sta and Leadership Team; Very Low Turnover2. Claims Manager | Product & Service Oerings: P&C, Life, Health & Benets, Financial Services3. Strong Carrier Relaonships and Partnerships4. School Book Renewal Negoaons and Process5. Parcipaon in Insurance Associaon | Pat Taphorn is President of Big I (Illinois), the largest insurance industry conference and tradeshow in the Midwest | Special Community Ties14

Unland Insurance & BenetsRevenue Growth12% CAGR Compound Annual Growth Rate* Acquired June 20232023$7.4M*2024$7.7M2025 FYF$9.3MPekin, ILPat Taphorn, President | Nate Rugaard, SVP P&C and EBOpportunities Challenges1. Next generaon of Producers and Account Managers2. Rounding out all accounts with Life Insurance3. Rounding out the accounts of our two new acquisions (MCM & Kieseweer)4. Cross Collaboraon within our ownagency plaorm1. Upcoming team member rerements2. Ability to invest in new Producers and Support Sta Talent while maintaining our Target EBITDA Margin3. Eecvely managing and overseeing our two new acquisions and integrang/streamlining processes and tools4. Connuing to exceed our NB goals with specic goals on Middle Market and larger accounts, while maintaining a 90%+ retenon1. Lighthouse Automove with Doxee Foster; $5K2. Ben Leman (Florida policies) with Acentria; $3K3. Pending: Galesburg School District and City of East Moline with Kim McBee and CSG Collaborative Success Story15

Agency Prole2025 Sales Goal (FY): N/A 2025 Q1: N/ANew Business Sales & GrowthLocationNASHVILLE, TNJoined FRPMARCH 2025Size$3.5MTeam 10EMPLOYEESAreas of ExpertiseCAPTIVE FEASIBILITY ANALYSIS CAPTIVE FORMATION & MANAGEMENT ALTERNATIVE RISK FINANCING FRONTING ARRANGEMENTS EXPERTISE PROPERTY, AUTO LIABILITY, GENERAL LIABILITY1.2.3.4.5.Top New Business WinsCross collaborated with exisng FRP rm to bring them a new client that also resulted in a capve for Align; $75KSelected to take over the enre collateralized reinsurance program aer a year of demonstrave work for an exisng client generang potenally $600KWorked with an FRP broker to develop a new capve for their exisng client; $65K1.2.3.Key Differentiators1. Team with backgrounds in nance, accounng, brokerage, regulatory and law 2. Unique reinsurance and fronng carrier es enable customized middle-market programs 3. Strong regulatory relaonships and proven track record disnguish us16

Align Risk SolutionsRevenue Growth% CAGR N/A Compound Annual Growth Rate* Acquired March 2025$M2025 FYF$3.5M*Nashville, TNAndrew Rhea, President | James Anderson, CFOOpportunities Challenges1. Capves connue to be a huge opportunity in the property, transportaon and general middle market commercial space.2. Medical stop loss, and group capves in parcular, have been the most immediate opportunies coming from the greater FRP network.1. Managing growth in a sustainable way.2. Sourcing capable talent with insurance backgrounds and experience in accounngand client management.1. Worked with an FRP Agency to create a soluon for a prospecve client that resulted in a new client generang not only agency commissions, but capve management fees as well.2. Approached by an Agency in search of a capve soluon for a client. We were able to quickly determine the feasibility and provide a viable capve soluon. Collaborative Success Story17

Save the Dates Foundation Risk Partners 2025 Board of Directors’ Meetings3rd QuarterAugust 18 - 19, 2025New York, NY4th QuarterNovember 10 - 11, 2025Ormond Beach, FL18

3Save the Dates Foundation Risk Partners 2025 Board of Directors’ Meetings3rd QuarterAugust 18 - 19, 2025New York, NY4th QuarterNovember 10 - 11, 2025Ormond Beach, FL19

FOUNDATION RISK PARTNERSEmployee Benefits | Property & Casualty | Personal Lines | Life | Surety | Specialty Programs780 W. Granada Blvd., Ormond Beach, FL 32174 | 386.999.0001 | FoundationRP.comFor questions regarding this publication, please contact: Lisa Habermehl LHabermehl@FoundationRP.com or Alexis Henley AHenley@FoundationRP.comThis document is proprietary and confidential, and is for informational purposes only and is not intended as a legal document. © 2025 Foundation Risk Partners.CLIENT-FOCUSED. DATA-DRIVEN. PROVEN EXCELLENCE.