vintage 100% - 2016 >20013 Post-ens* General Eneommetts Fa 80% • 39% Pones 24% -abloom Poesy Oerre aba 60% 143% 203606 Owens* 40% 43% Franoal instaatiens 12% Asset 'Arnowe ice, le% 20% • <2006 PIIKIISIS 0% 2316 2017 0.koc Penvens SW! 24% Emergence of tail-end sales There has

ntage 100% - 2016 >20013 POSI-4116.4 General Entkmmeto Ircue4ens 410% 39% Pones 24% reerdy 0114. arm 60% 66% 2036a Pre.crisa 40% 43% Franoal instaatiens 12% Asset 1AIneger / rcf 20% • 11% <2006 PIIKIISIS 0% 2316 2017 0.koc Penvens SW! 24% Emergence of tail-end sales There h

by vintage 100% - 2016 >20013 PoststIsts General Entkmmems 'memo» 410% 39% Pones 24% Fray 0114. arm BD% 66% 210606 Pre.crise 40% 43% Franoal instaatiens 12% 20% • Asset 14Ineger le% <2006 PM-COSI' 0% 2316 2017 0.koc Penvens SW! 24% Emergence of tail-end sales There has been

y vintage 100% - 2016 >2008 Postsnus General Endommems Fo.oclallan 80% 39% Pones 24% Foray Ob. aim EID% 16% 20:764)6 Pre.cnsec 40% 43% Franoal insteutiena 12% 20% AssollAIneger 11% •2006 0% 2016 2017 Emergence of tail-end sales There has been a recent emergence of traditional sec

ntage 100% - 2016 >2008 P041-406.4 General Entkmmems Fo.oclallan 80% 39% Pones 24% Fray 064.4, aim /30% 93% 21:06.06 Oncost; 40% 43% Franoal insteutiena 12% 20% Assollftneger Cci 11% •2006 0% 2016 2017 Emergence of tail-end sales There has been a recent emergence of traditional

intage 10014 - 20% >2006 P041-406.4 General Entkmmeils Fcundition 90% 39% Panes 24% Firmly Gas aloe /30% .93% 20;666 'swans* 40% 43% Franoal instaatiens 12% Asset 14Ineger fcf 20% 11% •2006 PM-COSI' 0% 2316 2017 0.koc Penvens SW! 24% Emergence of tail-end sales There has be

ntage 100% - 2016 >2008 P041-406.4 General Entkmmems Fo.oclallan 80% 39% Pones 24% Fray 064.4, aim /30% 93% 21:06.06 Oncost; 40% 43% Franoal insteutiena 12% 20% Assollftneger Cci 11% •2006 0% 2016 2017 Emergence of tail-end sales There has been a recent emergence of traditional

tage 100% - 2016 >2006 P041-466.4 General Entkmmems Fo4+4•Icen 80% 39% Pones 24% Firmly 064.4, aria 60% Se% 20:36.06 Pieces* 40% 43% Franoal instaatiens 12% 20% • Asset 14Ineger 11% <2006 PIIKIISIS 0% 2316 2017 Emergence of tail-end sales There has been a recent emergence of tr

y vintage 100% 2016 +20013 P0SIsnO4 General Entkmmems Ircunarban 410% 39% Pones 24% Firmly Gat. arm BD% 643% 2036.06 Procne* 40% 43% Franoal instaatiens 12% 20% Asset leIneger /Ca 11% •2006 PM-00SI' 0% 2316 2017 0.koc Penvens SW! 24% Emergence of tail-end sales There has be

tages(' 100% - 20% .X013 Pyil<nfn General foam/mt. Fa 80% • 39% Pones 24% -abloom Fray 0•84 aba ea 68% 16% 203608 Pre.crises 40% 43% Franoal instaatiens 12% Ansi repot 20% • 11% <2006 PIIKIISIS 0% 2016 2017 0.koc Penvens SW! 24% Emergence of tail-end sales There has been a

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