Mapfre Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-	23,097	23,376	21,889	18,920	27,659
Investments in Equity & Preferred Securities	-	2,722	2,329	2,269	1,592	2,646
Other Investments	46,440	1,078	908.8	733.6	3,075	1,089
Total Investments	48,388	45,363	42,865	40,935	37,622	38,408
Cash & Equivalents	1,760	1,947	1,747	2,086	2,575	2,888
Reinsurance Recoverable	-	5,616	6,075	5,938	5,667	6,876
Other Receivables	-	940.2	1,115	937.7	874.9	4,525
Deferred Policy Acquisition Cost	-	280.1	331.9	421.4	452.5	530.92
Separate Account Assets	-	-	-	-	-	2,957
Property, Plant & Equipment	233	1,191	1,195	1,182	1,299	1,294
Goodwill	1,256	1,239	1,361	1,354	1,446	1,472
Other Intangible Assets	1,139	803.1	847.5	905	891.4	907.88
Other Current Assets	115.2	732.4	646.9	683.3	659.7	3,447
Long-Term Deferred Tax Assets	409.4	297.4	391.9	397.3	591.4	299.6
Other Long-Term Assets	17,629	102.5	130.2	107.5	119.5	248.6
Total Assets	70,929	58,513	56,707	54,947	52,197	63,854
Accrued Expenses	-	864.6	710.8	748.3	712.3	759
Insurance & Annuity Liabilities	4,143	21,196	20,441	20,012	18,042	19,512
Unpaid Claims	-	-	-	-	-	11,986
Unearned Premiums	-	19,345	19,352	18,349	17,523	9,385
Reinsurance Payable	-	15.3	17.1	15.5	14.5	1,335
Current Portion of Leases	-	68.5	61.5	63.3	58.2	52
Current Income Taxes Payable	-	247.6	213.2	226.6	153.3	65.2
Long-Term Debt	3,609	2,622	2,670	2,741	2,932	3,089
Long-Term Leases	-	289.6	265.1	248.5	261.3	236.8
Long-Term Deferred Tax Liabilities	-	258.2	195.5	236	324.8	537.7
Separate Account Liability	-	-	-	-	-	2,957
Other Current Liabilities	-	110.8	142.7	726.1	699.8	433.8
Other Long-Term Liabilities	53,130	2,981	2,652	1,924	2,606	3,838
Total Liabilities	60,881	47,998	46,721	45,291	43,328	54,188
Common Stock	8,924	308	308	308	308	308
Additional Paid-In Capital	-	1,507	1,507	1,507	1,507	1,507
Retained Earnings	-	917	767.3	492.4	378.8	580.4
Treasury Stock	-	-52	-25.5	-31.7	-41.4	-62.9
Comprehensive Income & Other	-	6,730	6,332	6,191	5,645	6,131
Total Common Equity	8,924	9,410	8,889	8,467	7,797	8,464
Minority Interest	1,124	1,104	1,097	1,190	1,073	1,203
Shareholders' Equity	10,048	10,514	9,986	9,656	8,870	9,667
Total Liabilities & Equity	70,929	58,513	56,707	54,947	52,197	63,854
Filing Date Shares Outstanding	3,064	3,064	3,067	3,064	3,060	3,049
Total Common Shares Outstanding	3,064	3,064	3,067	3,064	3,060	3,049
Total Debt	3,609	2,980	2,997	3,052	3,252	3,378
Net Cash (Debt)	-1,849	-1,033	-1,250	-966.4	-677.2	-490.2
Net Cash Per Share	-0.60	-0.34	-0.41	-0.32	-0.22	-0.16
Book Value Per Share	2.91	3.07	2.90	2.76	2.55	2.78
Tangible Book Value	6,529	7,368	6,680	6,208	5,460	6,083
Tangible Book Value Per Share	2.13	2.40	2.18	2.03	1.78	1.99
Land	-	14.2	27.6	25.3	26.6	28.7
Buildings	-	939.9	957.6	862.1	1,005	1,035
Machinery	-	478.8	468.8	477.6	515.4	537.9

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.