This is likely true for everyone losing weight. Exercise gets you fit(-ter than you were before), though, and there are a lot more health benefits from being fit than thin. I'm pretty sure being thin just helps you with your sugar.
On the side, exercise does make you fitter, and consume some calories, etc.
But then, I find that it also has a non-negligible effect on the food I crave. I find it much, much easier to not eat tons of "junk food" when I exercise. And by that, I mean I practically don't feel like eating any, at all. I actually crave vegetables and meat. And those have a tendency to be "filling" and not have you want to eat again 2 hours later.
So it's much easier for me to actually lower my calorie intake when exercising.
So I could skip breakfast, jump on the bike, and then have a late-breakfast/early lunch at work. At the end of the work day I'd start to get hungry, but then I'd jump on the bike and when I got home I still had time to make and eat dinner before the raging hunger kicked in.
This helped me skip an entire meal per day, which made things a lot easier for me.
Maybe I'm just weird that way though.
In fact, when building up for distance cycling, I felt like learning when to eat and making my saddle and handlebars more comfortable was equally as important as building strength. Extra strength makes you finish your trip faster, but you'll probably still complete it even slowly, but if your saddle isn't right for you, the pain can be insurmountable.
Guess I'll have to pack some food next time!
Yes, adipose tissue contributes to insulin resistance and impaired glucose metabolism. Why? Not exactly sure. https://doi.org/10.1016/j.molmet.2019.12.014