Ondo Insurtech Regulatory News (ONDO)

19 November 2025

Ondo InsurTech plc

("Ondo" or "the Company")

Contract Win

Indiana Farm Bureau Insurance rolls out LeakBot following successful pilot

Ondo InsurTech plc (LSE: ONDO), a leading provider of claims-prevention technology for home insurers, is pleased to announce that Indiana Farm Bureau Insurance ("IFB") is expanding its LeakBot programme. The Company announced in November 2024 that Peril Protect LLC had contracted to rollout the LeakBot device through a pilot programme to 10,000 IFB homeowner insurance customers. Having successfully completed the pilot programme IFB, through Peril Protect, has now contracted to rollout a further 10,000 devices commencing before the end of the year.

During the IFB pilot LeakBot achieved an Net Promoter Score of 81 and a CSAT score of 4.9 / 5.0, while delivering significant claims savings and a positive ROI for IFB. Based on these results, IFB has now doubled its deployment to 20,000 devices - equivalent to approximately 15 % of its homeowners insurance book in Indiana.

Craig Foster, Ondo CEO stated "The Indiana Farm Bureau team have done a fantastic job bringing LeakBot to their customers and proving out the value of claims prevention. The combination of strong ROI and exceptional customer feedback shows how LeakBot helps insurers predict and prevent costly water damage, and we're delighted to see IFB expanding so more of their customers can benefit."

Jeff McDonald, Senior Vice President of Property and Casualty at IFB said : "I'm proud of the proactive approach we're taking with LeakBot to help protect our clients' homes and minimize costly water damage. The outstanding results, including strong claims savings and exceptional customer satisfaction, demonstrate the value this innovative program provides. Expanding the deployment of LeakBot devices allows us to offer even greater peace of mind to more Indiana homeowners."

Enquiries

For further information, please visit www.ondoplc.com or contact the following:

About Ondo InsurTech PLC

Ondo is a world leading provider of claims prevention technology for home insurers. Ondo's focus is on the global scale-up of LeakBot - claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to 'find and fix' the problem. Independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by up to 70%.

LeakBot partners with 26 insurance carriers - including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark - both in Europe and the USA.

Ondo holds the coveted London Stock Exchange Green Economy Mark awarded to companies who derive the majority of their income from Green activities.

For more information, visit www.ondoplc.com

About Indiana Farm Bureau Insurance

Indiana Farm Bureau Insurance has served Hoosiers for more than 90 years. Organized in 1934 by Indiana Farm Bureau, Inc., the company has grown to include insurance products for auto, life, home, business and farm. Health plan benefits, banking and other financial services and products are also available through its local offices and online at www.infarmbureau.com. With a home office in downtown Indianapolis and local offices in all 92 counties, Indiana Farm Bureau Insurance serves Hoosiers with more than 400 agents and approximately 1,200 employees living and working throughout the state. The company is a leader in auto and homeowners insurance and the largest writer of farm insurance in the state.

About Peril Protect LLC

Peril Protect, IFB's home monitoring service, helps bridge the gap for insurance carriers to embrace a technology-driven marketplace. Integrating new technology with insurance offerings can be a daunting task, and insurance carriers must adapt or be left behind by customers who demand more. Peril Protect can seamlessly integrate with insurance carriers to design and implement products and services that relate to or are provided in conjunction with an insurance policy that are intended to educate about, assess, monitor, control, or help prevent risk of loss to person or property. Peril Protect specializes in administering telematics programs, which align with both carrier and customer needs, as well as providing marketing and fulfilment services necessary to ensure success.