Schedule II

12 Months Ended

Dec. 31, 2019

Schedule II

Condensed Financial Information of Registrant

ProSight Global, Inc.

Condensed Financial Information of Registrant

Balance Sheets

	December 31
($ in thousands, except per share amounts)	2019		2018
Assets
Investment in subsidiaries	$	702,977	$	572,435
Cash and cash equivalents		773		522
Total cash and investments		703,750		572,957
Receivables from affiliates		6,580		12,462
Other assets		747		4,591
Total assets	$	711,077	$	590,010
Liabilities
Payables to affiliates	$	1,263	$	9,540
Notes payable		164,693		182,355
Loan payable to affiliates		—		3,173
Other liabilities		2,090		5,112
Total liabilities		168,046		200,180
Stockholders’ equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued or outstanding		—		—
Common stock, $0.01 par value; 200,000,000 shares authorized; 43,071,186 and 38,864,289 shares issued, 43,058,266 and 38,851,369 shares outstanding in 2019 and 2018, respectively		431		389
Paid-in capital		661,761		607,260
Accumulated other comprehensive income (loss)		37,453		(22,315)
Retained deficit		(156,414)		(195,304)
Treasury shares – at cost (12,920 shares)		(200)		(200)
Total stockholders’ equity		543,031		389,830
Total liabilities and stockholders’ equity	$	711,077	$	590,010

ProSight Global, Inc.

Condensed Financial Information of Registrant

Statements of Operations

	Years Ended December 31
($ in thousands)	2019		2018		2017
Revenues:
Other income	$	33	$	165	$	630
Total revenues		33		165		630
Expenses:
General and administrative expenses		714		5,325		13,461
Write-off of amounts related to sale of affiliate		—		650		10,622
Intercompany interest expense (income)		18		(27)		(29)
Interest expense		12,795		12,377		12,125
Other expense		8,164		—		—
Total expenses		21,691		18,325		36,179
Loss before federal income taxes		(21,658)		(18,160)		(35,549)
Federal income tax benefit		4,669		3,284		8,341
Net loss from continuing operations before equity in undistributed net income (losses) of subsidiaries		(16,989)		(14,876)		(27,208)
Equity in undistributed net income (losses) of subsidiaries, net of tax		55,879		69,419		(16,785)
Net income (loss)	$	38,890	$	54,543	$	(43,993)

ProSight Global, Inc.

Condensed Financial Information of Registrant

Statements of Cash Flows

	Years Ended December 31
($ in thousands)	2019		2018		2017
Operating Activities:
Net income (loss)	$	38,890	$	54,543	$	(43,993)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization of debt issuance costs		338		338		338
Equity in undistributed net (income) losses of subsidiaries, net of tax		(55,879)		(69,419)		16,785
Changes in:
Decrease (increase) in receivables from affiliates		5,882		(9,957)		12,924
(Decrease) increase in payables to affiliates		(8,277)		4,872		(2,121)
Increase (decrease) in other assets		3,844		(1,673)		(1,091)
(Decrease) Increase in loans to affiliates		(3,173)		—		—
Increase in other liabilities		(3,022)		(6,426)		(3,237)
Total adjustments		(60,287)		(82,265)		23,598
Net cash used in operating activities		(21,397)		(27,722)		(20,395)
Investing activities:
Net cash provided by (used in) investing activities		—		—		—
Financing activities
Proceeds from shares issued		50,878		—		32
Proceeds from capital contributions		—		—		49,968
Proceeds from notes payable		—		18,000		—
Repayment of notes payable		(18,000)		—		—
Tax withholding on stock compensation awards		(740)		—		—
Capital contributions to affiliates		(10,490)		9,747		(36,840)
Net cash provided by financing activities		21,648		27,747		13,160
Net increase (decrease) in cash and cash equivalents		251		25		(7,235)
Cash and cash equivalents at beginning of year		522		497		7,732
Cash and cash equivalents at end of year	$	773	$	522	$	497