Slide 1: 2026 Q2 Investor Presentation
2026 Q2 INVESTOR PRESENTATION July 29, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement The statements contained herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify such forward-looking statements by the words “an
Slide 3: Overview of Insperity
—, ie Overview of Insperity ~~
Slide 4: Helping businesses succeed… …so communities prosper
Helping businesses succeed… …so communities prosper
Slide 5: Insperity At-a-Glance – Leading Provider of Comprehensive HR Solutions to SMBs
Insperity At-a-Glance – Leading Provider of Comprehensive HR Solutions to SMBs Insperity At-a-Glance – Leading Provider of Comprehensive HR Solutions to SMBs What We Do National Platform National sales • Insperity is a trusted advisor to SMBs providing complete, high-tech HR solutions, including and
Slide 6: Comprehensive Solutions – Customer for Life Opportunity
Comprehensive Solutions – Customer for Life Opportunity Comprehensive Solutions – Customer for Life Opportunity Insperity Insperity Insperity HRCore HR360 HRScale HRCore TM is a foundational human capital HR360® is Insperity’s award-winning, HRScale TM builds on HR360 by combining management technol
Slide 7: Vast Market Opportunity
Vast Market Opportunity Vast Market Opportunity Insperity competes in a large, fragmented and highly attractive market 5% Insperity Base Market 36% 28% 92% SMALL TO TOTAL MIDMARKET(2) WORKFORCE (1) ~136 Million Employees WORKFORCE (1) ~86.4 Million Employees 8% 13% 18% Insperity HRScale Opportunity
Slide 8: Who does Insperity target?
Who does Insperity target? Who does Insperity HRScale TM THRIVING Insperity BUSINESS S U C C E S S Insperity HR360 TM target? Insperity is focused on Insperity HRCore TM being a trusted advisor STRUGGLING to the best small-to- midmarket businesses. HIGH LOW EMPLOYMENT RISK
Slide 9: How is Insperity different? Our breadth of services
How is Insperity different? Our breadth of services Bundled Solutions Providers Point Solutions Providers Insperity Other Bundled Insurance Brokers Payroll Processors HCM Platforms Complete HR Solution for Small / Midsize Business MidMarket Service Offerings High Touch / High Value Solution High Qua
Slide 10: How is Insperity different? Our depth of service
How is Insperity different? Our depth of service Insperity sits at the nexus of Business, Business Software and Insurance Services Services Advisory Services Software Insurance Services Services
Slide 11: How is Insperity different? Our level of care
How is Insperity different? Our level of care Insperity Offers a High-Touch Service on a High-Tech Platform Payroll Specialist Recruiting Specialist Contact Center Performance Specialist Client Liaison Safety Consultant Team Manager HR Specialist Built upon Insperity’s extensive HR knowledge base, t
Slide 12: A Strategic Partnership
—, e “oN <> Insperity. + workday. A Strategic Partnership
Slide 13: Market Research
1 2 Market Research Market Indicative Product Segment Fit Research HIGH Key takeaways: • HRScale has high level of appeal across a wider market • Workday platform capabilities significantly improve product LOW positioning 100-250 EEs 250-500 EEs 500-1,000 EEs 1,000-2,500 EEs Insperity HR360 Insperit
Slide 14: HRScale – The Best of Both Worlds
HRScale – The Best of Both Worlds HRScale – The Best of Both Worlds Insperity Insperity + Workday Core Solutions • Improved Employee & Client Experiences • Administrative Relief • HR + Premium Service • Unified Operations • HR and Technology Compliance Support • Enhanced Scalability & Automation • R
Slide 15: Key Market Research Feedback
Key Market Research Feedback Key Market Research Feedback TECHNOLOGY PLATFORM SCALABILITY & AUTOMATION “Workday is the best HR “Most important to me is technology out there.” collaboration and workflows.” Prospect (500-1,000 employees) Insperity customer (1,000-2,500 employees) Value CUSTOMER SERVIC
Slide 16: Growth, Profitability, Workday Catalyst
Profitability Growth Profitability Workday Catalyst Operating Return to Leverage Shareholders
Slide 17: Financial Review
— ie Financial Review =
Slide 18: A Proven Model
1 7 A Proven Model A Proven Model Business Model Financial Model Large target market opportunity Double-digit growth history and Premium offering targeting “value- potential add” clients Priority of balancing growth and profitability High client retention with recurring revenue stream Op
Slide 19: Key financial metrics
Key financial metrics Average Paid Worksite Employees 350,000 312,102 307,261 310,089 306,000 295,005 300,000 250,745 250,000 200,000 150,000 100,000 50,000 0 2021 2022 2023 2024 2025 2026E* Year-Over-Year Paid Worksite Employee Growth (Decline) % 7% 18% 6% (2)% 1% (1)% * Amount represents midpoint
Slide 20: Key financial metrics (in millions)
Key financial metrics (in millions) Adjusted EBITDA(1) $450 $400 $352 $354 $350 $300 $255 $270 $250 $205 $200 $150 $131 $100 $50 $0 2021 2022 2023 2024 (2) 2025 (2) 2026E*(2) Year-Over-Year Growth (Decline) % (12)% 38% 1% (24)% (51)% 56% % of Gross Profit 31% 35% 34% 26% 15% 22% * Amount represents
Slide 21: Key financial metrics
Key financial metrics Adjusted EBITDA(1) Per Worksite Employee Per Month $140 $120 $100 $94 $100 $85 $80 $73 $56 $60 $40 $35 $20 $0 (2) 2021 2022 2023 2024 2025(2) 2026E*(2) * Amount represents midpoint of Financial guidance issued on July 29, 2026. Please see also “Full year and Q3 guidance.” (1) P
Slide 22: Key financial metrics
Key financial metrics Adjusted EPS (1) $7.00 $6.00 $5.59 $5.52 $5.00 $3.95 $3.58 $4.00 $3.00 $2.16 $2.00 $1.03 $1.00 $0.00 2021 2022 2023 2024(2) 2025(2) 2026E*(2) Year-Over-Year Increase (Decrease) % (15)% 42% (1)% (35)% (71)% 110% * Amount represents midpoint of Financial guidance issued on July 2
Slide 23: Return to investors from cash flow and debt (in millions)
Return to investors from cash flow and debt (in millions) Adjusted EBITDA Free cash flow Dividends Share repurchases Current Dividend Yield (1) 4.4% $400 $354 2025 Payout Ratio (2) 233.0% $300 $270 $224 $200 $166 $131 $131 2023-2025 Avg. ROC as % of FCF (3) 107.2% $84 $89 $90 $100 $63 2023-2025 Avg.
Slide 24: Appendix
Appendix
Slide 25: Full year and Q3 guidance
Full year and Q3 guidance FY 2026 Guidance Q3 2026 Guidance Average paid WSEEs 305,000 – 307,000 305,500 – 307,500 Implied y-o-y (decrease) in average paid WSEEs (1.6)% – (1.0)% (2.3)% – (1.7)% Adj. EBITDA (in millions)(1) $185 – $225 $14 – $41 Implied y-o-y increase in Adj. EBITDA 41% – 72% 40% – 3
Slide 26: Adjusted EBITDA reconciliation (in millions)
Adjusted EBITDA reconciliation (in millions) FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026E* Net income (loss) (GAAP) $124 $179 $171 $91 $(7) $40 Interest expense 7 14 27 28 24 25 Income tax expense 44 66 54 35 3 32 Amortization of SaaS Implementation costs - 2 6 11 5 10 Depreciation and amortizat
Slide 27: Free cash flow reconciliation (in millions)
Free cash flow reconciliation (in millions) FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Adjusted EBITDA (1) $255 $352 $354 $270 $131 Capital expenditures and capitalized (41) (44) (49) (41) (50) SaaS implementation costs Income tax expense (44) (66) (54) (35) (3) Interest expense (7) (14) (27) (28) (24)
Slide 28: Adjusted cash, cash equivalents and marketable securities reconciliation
Adjusted cash, cash equivalents and marketable securities reconciliation (in millions) December 31, December 31, December 31, December 31, December 31, June 30, 2021 2022 2023 2024 2025 2026 Cash, cash equivalents and $608 $766 $709 $1,055 $660 $619 marketable securities (GAAP) Amounts payable for w
Slide 29: Adjusted net income reconciliation (in millions)
Adjusted net income reconciliation (in millions) FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026E* Net income (loss) (GAAP) $124 $179 $171 $91 $(7) $40 Stock-based compensation 41 50 53 61 61 49 Restructuring charge - - - - - 9 Tax effect on non-GAAP (11) (13) (12) (17) (15) (15) adjustments Total n
Slide 30: Adjusted EPS reconciliation
Adjusted EPS reconciliation FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026E* EPS (GAAP) $3.18 $4.64 $4.47 $2.42 $(0.19) $1.04 Stock based compensation 1.04 1.30 1.38 1.61 1.62 1.27 Restructuring charge - - - - - 0.23 Tax effect on non-GAAP adjustments (0.27) (0.35) (0.33) (0.45) (0.40) (0.38) Total
Slide 31: Insperity – HR that makes a difference
<» Insperity HR that makes a difference®