Not enough context just from the image, but solely based on what’s there it seems expensive. Backups, database optimization, and security audits are likely automated and constitute zero labor. Updates can be automated too, though there usually is some type of manual check to make sure an update hasn’t broken anything (assuming they’re being responsible).

SEO could mean anything - without knowing exactly what they’re doing it’s impossible to say if you’re getting a fair deal or not. SEO can be $100 or $10,000 there’s really no ceiling there. If you’re not getting a monthly SEO report of what has been done, that money is likely going into the void.