BAX:ARIG Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	-	297.95	157.62	160.93	388.57	359.09
Investments in Equity & Preferred Securities	-	1.55	1.52	14.02	17.84	23.18
Other Investments	308.96	20.91	179.15	152.9	18.59	37.06
Total Investments	308.96	327.5	348.33	332.6	429.62	442.52
Cash & Equivalents	30.5	32.53	40.43	62.24	40.46	63.44
Reinsurance Recoverable	3.84	3.65	4.32	4.42	38.52	74.37
Other Receivables	3.4	2.62	4.99	3.17	37.65	92.73
Deferred Policy Acquisition Cost	-	-	-	-	0.37	4.75
Property, Plant & Equipment	4.74	5.06	5.26	10.27	11.73	12.01
Other Intangible Assets	0.33	0.33	0.33	0.33	0.33	0.54
Restricted Cash	0.34	0.34	7.72	7.76	14.61	25.4
Other Current Assets	0.47	0.46	0.74	0.6	13.79	12.87
Other Long-Term Assets	-	-	-	-	26.62	62.01
Total Assets	352.58	372.48	412.12	421.4	613.69	790.63
Accrued Expenses	0.32	1.04	1.05	2.7	6.72	5.87
Insurance & Annuity Liabilities	75.48	77.79	96.99	112.62	148	249.19
Unpaid Claims	-	-	-	-	153.52	212.92
Unearned Premiums	-	-	-	-	4.12	27.43
Reinsurance Payable	-	-	-	-	1.22	1.19
Other Current Liabilities	0.23	0.23	0.23	0.23	0.23	0.32
Other Long-Term Liabilities	0.79	2.93	6.16	6.43	15.49	24.64
Total Liabilities	76.83	81.99	104.44	121.99	334.73	528.21
Common Stock	220	220	220	220	220	220
Retained Earnings	56.78	76.7	89.7	83.01	46.07	21.78
Treasury Stock	-14.79	-14.79	-14.79	-14.79	-14.79	-14.79
Comprehensive Income & Other	6.12	0.85	-0.43	-1.59	14.87	18.37
Total Common Equity	268.11	282.76	294.48	286.63	266.14	245.36
Minority Interest	7.64	7.72	13.2	12.78	12.82	17.07
Shareholders' Equity	275.75	290.49	307.68	299.41	278.96	262.43
Total Liabilities & Equity	352.58	372.48	412.12	421.4	613.69	790.63
Filing Date Shares Outstanding	198.11	198.11	198.11	198.11	198.11	198.03
Total Common Shares Outstanding	198.11	198.11	198.11	198.11	198.11	198.03
Net Cash (Debt)	30.5	32.53	40.43	62.24	40.46	63.44
Net Cash Growth	-25.98%	-19.56%	-35.04%	53.83%	-36.21%	5.91%
Net Cash Per Share	0.15	0.16	0.20	0.31	0.20	0.32
Book Value Per Share	1.35	1.43	1.49	1.45	1.34	1.24
Tangible Book Value	267.78	282.43	294.15	286.3	265.81	244.82
Tangible Book Value Per Share	1.35	1.43	1.48	1.45	1.34	1.24
Land	1.55	1.97	1.97	1.97	2.08	2.08
Buildings	3.36	3.14	3.14	8.19	9.83	12.1
Machinery	8.55	9.56	9.65	9.67	9.73	9.78

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.