Trusted Resource Underwriters Exchange (“TRUE”) is a reciprocal insurer originally established by American Family in 2020 to serve homeowners in storm-prone regions of Florida and other parts of the country. At the end of 2023, Gallatin Point Capital acquired a majority stake in the attorney-in-fact for TRUE and raised over $1.25 billion of committed capital, enabling TRUE to not only provide more underwriting capacity in Florida, but also allow it to strategically expand its homeowners product offering and footprint nationally. TRUE utilizes a partnership distribution model through new and existing partnerships as it enters a new phase of exciting growth. American Family remains a minority owner in the attorney-in-fact and continues to provide distribution and client services on behalf of TRUE.