ANNEX Transaction Combination of The Hartford and Chubb Headline Offer Per Hartford Share $70.00 per Hartford share Consideration approximately 40% stock and 60% cash to Hartford shareholders Tax-free transaction to Hartford shareholders to the extent of Chubb stock received Incremental Value of Stock Consideration Not Reflected Above ~$6.00 per Hartford share as outlined in March 11, 2021 proposal Management and Board Continuity Welcome Hartford’s CEO to become key member of Chubb executive management team 2 to 3 Hartford directors to join the Chubb Board Community Commitment Maintenance of Hartford’s current commitments to state and local governments and communities Hartford becomes Center for Excellence for Group Benefits, Workers’ Compensation, Small Commercial and AARP businesses within Chubb Chubb to relocate personnel to Hartford to minimize net job reductions Hartford would become a major technology and operations center for Chubb Significant new investment to revitalize Hartford and enhance attractiveness of Connecticut for skills-based jobs, including both tech and non-tech related Timeline Targeted confirmatory due diligence as outlined on March 11, 2021 Execute Definitive Agreements and announce by May 19, 2021 Close within ~6 months of announcement No financing contingency or equity raising needed by Chubb to complete transaction