ABSTRACT SUMMARY OF THE AUDITED FINANCIAL STATEMENTS OF THE STATE COMPENSATION INSURANCE FUND Year Ended December 31, 2024 (Dollar amounts in millions) Net premiums earned $ 1,086 Total underwriting deductions 975 Net underwriting gain 111 Net investment income, capital gains, net of other income 624 Net income before dividends to policyholders 735 Dividends to policyholders 142 Net income $ 593 Total admitted assets $ 20,550 Total liabilities 12,937 Policyholders’ surplus $ 7,613 We hereby certify that these items have been extracted from the Audited FinancialStatements of the State Compensation Insurance Fund for the year ended December 31, 2024 pursuant to Insurance Code 11860. A copy of State Fund’s annual report for 2024 can be viewed at www.statefundca.com. /s/ Vernon L. Steiner /s/ Peter A. Guastamachio President and CEO Chief Financial Officer