Slides
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Wiesloch, November 13, 2025 Business figures 9M/Q3 2025
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22 Highlights 9M 2025 • MLP consistently continues its growth path in the consulting business • Record highs in total revenue (€773 million) thanks to broad and stable positioning • Record highs in key figures for future revenue development: Assets under management (€64.2 billion) and non-life insurance premium volume (€794 million) • Adjusted forecast for 2025: EBIT of €90 to €100 million before possible one-off effects from the focussing of the real estate business • Increased planning for 2028: Significant growth to EBIT of €140 to €155 million
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33 Agenda Business figures 9M/Q3 2025 1 | BUSINESS PERFORMANCE 9M/Q3 2025
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44 Total revenue reaches new record high Recurring revenue Proportion of sales revenue, Dec 31, 2024 * Compound annual growth rate (period 9M 2020 – 9M 2025) 68 % of the sales revenue in 2024 were recurring 1 | BUSINESS PERFORMANCE 9M/Q3 2025 347 525 632 675 685 763 773 2005 2020 2021 2022 2023 2024 2025 X x Total revenue of the MLP Group € million, Sep 30
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55 Broad and stable positioning across competence fields 49 % 26 % 24 % Sales revenue breakdown into competence fields € million, Sep 30, previous year‘s values in brackets Wealth 372 (381) -2 % Wealth management 277 (281) -1 % Interest income 59 (69) -14 % Real estate brokerage 25 (21) +16 % Loans and mortgages 11 (10) +14 % Property & Casualty 177 (165) +7 % Non-life insurance 177 (165) +7 % Life & Health 199 (192) +4 % Old-age provision 146 (145) +1 % Health insurance 52 (47) +12 % Others 6 (8) -24 % Real estate development 0 (3) -98 % Other commissions and fees 6 (6) +13 % 1 | BUSINESS PERFORMANCE 9M/Q3 2025
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66 Key figures reach new record highs Assets under management* € billion, Dec 31 and Sep 30 respectively Non-life insurance premium volume € million, Dec 31 and Sep 30 respectively 2.9 42.7 56.6 54.3 57.0 63.1 64.2 2005 2020 2021 2022 2023 2024 Q3 2025 117 440 561 632 687 751 794 2005 2020 2021*** 2022 2023 2024 Q3 2025 * Contains wealth management and interest income ** Compound annual growth rate (period FY 2020 – 9M 2025) *** As from 2021 incl. first-time consolidation of the companies in the Industrial Broker segment; also including RVM with effect from April 1, 2021 1 | BUSINESS PERFORMANCE 9M/Q3 2025
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77 Development of client numbers Family clients thousands, Dec 31 and Sep 30 respectively Corporate and institutional clients thousands, Dec 31 and Sep 30 respectively 555 562 569 580 591 597 2020 2021 2022 2023 2024 Q3 2025 22.5 24.8 28.4 27.4 28.0 27.8 2020 2021 2022 2023 2024 Q3 2025 1 | BUSINESS PERFORMANCE 9M/Q3 2025
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88 EBIT at €61.1 million Detailed information can be found on our website: https://mlp-se.com/corporate-calendar/results-for-the-first-nine-months-and-the-third-quarter-2025/ Definitions of key figures can be found on our website: https://mlp-se.com/investors/mlp-share/key-figures/ MLP Group (€ million) 9M 2025 9M 2024 △ Total revenue 773.1 763.3 +1 % EBIT 61.1 66.4 -8 % Financial result -1.7 4.7 -136 % EBT 59.4 71.1 -17 % Income taxes -14.8 -23.1 -36 % Net profit 44.6 48.1 -7 % EPS in Euro 0.41 0.44 -8 % Income statement Balance sheet figures MLP Group Sep 30, 2025 Balance sheet total €4,140 million Shareholders' equity €577 million Equity ratio 13.9 % Return on equity 7.8 % MLP Financial holding group Sep 30, 2025 Core capital ratio 17.9 % Liquidity Coverage Ratio (LCR) 1,124 % 1 | BUSINESS PERFORMANCE 9M/Q3 2025
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99 Agenda Business figures 9M/Q3 2025 2 | FORECAST 2025 AND PLANNING 2028
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1010 Forecast 2025: Adjustment of expected EBIT range + Property & Casualty 0 Wealth 0 Life & Health (previously +) Sales revenue very positive: ++, positive: +, neutral: 0, negative: -, very negative: -- EBIT € million, Dec 31 59.4 96.8 75.6 70.7 95.0 90-100* 2020 2021 2022 2023 2024 2025e 2 | FORECAST 2025 AND PLANNING 2028 Forecast *EBIT forecast for 2025 of €90-100 million before possible negative one-off effects from the business focussing at Group company Deutschland.Immobilien. These effects cannot yet be reliably quantified, but should not exceed €12 million in terms of EBIT and might also even have an impact on EBIT of the financial year 2025. Initial EBIT forecast for 2025 was €100-110 millionForecast includes only a small amount of performance-based compensation
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1111 Planning 2028: Increased EBIT range of €140-155 million EBIT € million, Dec 31 Assets under management € billion, Dec 31 Non-life insurance premium volume € million, Dec 31 Total revenue € million, Dec 31 1,067 1,300-1,400 2024 2028p 95 140-155 2024 2028p 63 75-81 2024 2028p 751 1,000-1,100 2024 2028p Planning Planning PlanningPlanning 2 | FORECAST 2025 AND PLANNING 2028 Planning includes only a small amount of performance-based compensation Initial EBIT planning for 2028 was €140-150 million
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1212 Planning 2028: Growth in all competence fields + Unlocking potential in the family client business, as well as among high net worth individuals and institutional clients + Expansion of assets under management to €75 – 81 billion + Unlocking potential in the corporate client business through the extensive MLP network + Expansion of non-life insurance premium volume to €1.0 – 1.1 billion + Demographic development is increasing the need for advisory services in the family client business + Shortage of skilled specialists is driving demand for corporate benefits (including occupational health insurance and occupational pension provision) in the corporate client business + Digitalisation strategy + Cost efficiency EBIT €140 – €155 million Total revenue €1.3 – 1.4 billion Forecast 2025 Wealth Life & Health Property & Casualty Planning 2028 EBIT €90 – 100 million 2 | FORECAST 2025 AND PLANNING 2028
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1313 Agenda Business figures 9M/Q3 2025 3 | SUMMARY AND QUESTIONS
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1414 Summary • Strategic positioning has once again proven its worth– particularly in the absence of tailwinds from the markets and when processing one-off effects • Artificial Intelligence, as part of our digital strategy, is an additional efficiency and growth factor • Increased mid-term planning for the end of 2028 emphasises sustainable growth path 3 | SUMMARY AND QUESTIONS
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1515 We are happy to answer any questions you may have Your contact Details on upcoming events can be found on our website: https://mlp-se.com/investors/financial-calendar/ Pascal Löcher Head of Investor Relations Phone +49 (0)6222 • 308 • 3559 E-mail pascal.loecher@mlp.de Simon Knaack Manager Investor Relations Phone +49 (0)6222 • 308 • 2715 E-mail simon.knaack@mlp.de Tobias Wolf Manager Investor Relations Phone +49 (0)6222 • 308 • 4337 E-mail tobias.wolf@mlp.de 3 | SUMMARY AND QUESTIONS