X0202 13F-HR LIVE 0000859139 XXXXXXXX 12-31-2025 12-31-2025 false Delphi Financial Group, Inc.

1100 North Market Street Suite 4016 Wilmington DE 19890

13F HOLDINGS REPORT 028-15443 Y Delphi Financial Group, Inc. ("DFG") is the parent company of Delphi Capital Management, Inc. ("DCM") and Acorn Advisory Capital L.P. ("Acorn Advisory"), each of which is an institutional investment manager for purposes of the reporting requirements under Section 13(f) of the Securities Exchange Act of 1934, as amended, and therefore may be deemed to have investment discretion with respect to Section 13(f) securities as to which DCM and Acorn Advisory possess investment discretion, as well as Section 13(f) securities as to which other subsidiaries of DFG possess investment discretion. DFG is a direct wholly-owned subsidiary of Tokio Marine & Nichido Fire Insurance Co., Ltd. and an indirect wholly-owned subsidiary of Tokio Marine Holdings, Inc. Chad W. Coulter (302) 478-5142 /s/ Chad W. Coulter Philadelphia PA 02-11-2026 2 28 200277972 false 1 028-15442 Delphi Capital Management, Inc. 2 028-18312 Acorn Advisory Capital L.P.