1、Q1 2024 Property Market Dynamics ReportFebruary 2024Change cover imageMarket Summary2Proprietary&Confidential3Q4 2023 Property Market Snapshot Insights from Aon National Property Property rate increases moderated in Q4 2023 and we expect rate pressure will continue but at more reasonable levels.

2、There will continue to be rate differentiation as follows:0-5%increases for desirable accounts/occupancies;5-10+%increases for loss-challenged or less desirable occupancies;10+%rate increases for challenged and Nat-Cat-exposed accounts.Pressure on Wind/Hail/Convective Storm%deductibles due to increa

3、sed Severe Convective Storm(SCS)activity.Continued use of captives for higher retentions and program/coverage challenges.More Alternative Risk Transfer(ART)transactions including parametric and structured solutions Rate Change9.6%Q4 2023 property rate increase(Down from 12.5%in Q3 2023)Avg.%Change i

4、n Rate(Peril)Non-CAT10.08%Tier I Wind11.13%CA EQ11.06%CAT 9.609%All Accounts9.61%Avg.%Change in Rate(Program Structure)Shared and Layered10.58%Single Carrier8.45%All Accounts9.61%Q1 2024 U.S.National Property Market Dynamics Report|Proprietary and ConfidentialProperty Quarterly Year-Over-Year Change

5、 In Average RateSource:Aon DataQ1 2024 U.S.National Property Insurance Market Overview|Proprietary and Confidential4Property Quarterly Year-Over-Year Change In Average RateSource:Aon DataQ1 2024 U.S.National Property Insurance Market Overview|Proprietary and Confidential5Property Q4 2023 Quarterly Y

6、ear-Over-Year In Average Rate by CAT,Loss Ratio and Program TypeQ1 2024 U.S.National Property Insurance Market Overview|Proprietary and Confidential6Property Quarterly Rate Direction by%of ProgramsPrograms with a rate change of+/-2%or less are considered Flat in this analysis.Q1 2024 U.S.National Pr