BAX:ARIG Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	-	-	-	160.93	388.57
Investments in Equity & Preferred Securities	-	-	-	14.02	17.84
Other Investments	318.09	327.5	348.33	152.9	18.59
Total Investments	318.09	327.5	348.33	332.6	429.62
Cash & Equivalents	20.49	32.53	40.43	62.24	40.46
Reinsurance Recoverable	8.2	7.78	4.32	4.42	38.52
Other Receivables	2.71	2.63	4.99	3.17	37.65
Deferred Policy Acquisition Cost	-	-	-	-	0.37
Property, Plant & Equipment	4.68	5.06	5.26	10.27	11.73
Other Intangible Assets	0.32	0.33	0.33	0.33	0.33
Restricted Cash	0.34	0.34	7.72	7.76	14.61
Other Current Assets	0.33	0.45	0.74	0.6	13.79
Other Long-Term Assets	-	-	-	-	26.62
Total Assets	355.16	376.61	412.12	421.4	613.69
Accrued Expenses	0.34	1.04	1.05	2.7	6.72
Insurance & Annuity Liabilities	74.22	77.79	96.99	112.62	148
Unpaid Claims	-	-	-	-	153.52
Unearned Premiums	-	-	-	-	4.12
Reinsurance Payable	4.12	4.13	-	-	1.22
Other Current Liabilities	0.23	0.23	0.23	0.23	0.23
Other Long-Term Liabilities	0.94	2.93	6.16	6.43	15.49
Total Liabilities	79.85	86.12	104.44	121.99	334.73
Common Stock	220	220	220	220	220
Retained Earnings	56.02	76.7	89.7	83.01	46.07
Treasury Stock	-14.79	-14.79	-14.79	-14.79	-14.79
Comprehensive Income & Other	6.5	0.85	-0.43	-1.59	14.87
Total Common Equity	267.72	282.76	294.48	286.63	266.14
Minority Interest	7.59	7.72	13.2	12.78	12.82
Shareholders' Equity	275.31	290.49	307.68	299.41	278.96
Total Liabilities & Equity	355.16	376.61	412.12	421.4	613.69
Filing Date Shares Outstanding	198.11	198.11	198.11	198.11	198.11
Total Common Shares Outstanding	198.11	198.11	198.11	198.11	198.11
Net Cash (Debt)	20.49	32.53	40.43	62.24	40.46
Net Cash Growth	-37.00%	-19.56%	-35.04%	53.83%	-36.21%
Net Cash Per Share	0.10	0.16	0.20	0.31	0.20
Book Value Per Share	1.35	1.43	1.49	1.45	1.34
Tangible Book Value	267.4	282.43	294.15	286.3	265.81
Tangible Book Value Per Share	1.35	1.43	1.48	1.45	1.34
Land	1.55	1.97	1.97	1.97	2.08
Buildings	3.36	3.14	3.14	8.19	9.83
Machinery	8.58	9.56	9.65	9.67	9.73

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.