ABSTRACT SUMMARY OF THE AUDITED FINANCIAL STATEMENTS OF THE STATE COMPENSATION INSURANCE FUND Year Ended December 31, 2025 (Dollar amounts in millions) Net premiums earned $ 956 Total underwriting deductions 838 Net underwriting gain 118 Net investment income, capital gains, net of other income 584 Net income before dividends to policyholders 702 Dividends to policyholders 189 Net income $ 513 Total admitted assets $ 20,343 Total liabilities 12,298 Policyholders’ surplus $ 8,045 We hereby certify that these items have been extracted from the Audited Financial Statements of the State Compensation Insurance Fund for the year ended December 31, 2025 pursuant to Insurance Code 11860. A copy of State Fund’s annual report for 2025 can be viewed at www.statefundca.com.