BUD:CIGPANNONIA Balance Sheet

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

Millions HUF. 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	-	34,773	33,200	23,625	26,765
Investments in Equity & Preferred Securities	1,031	4,738	3,392	1,468	2,423
Other Investments	36,832	166	164	-	234.38
Total Investments	37,863	39,805	36,884	25,220	29,532
Cash & Equivalents	4,630	2,597	2,492	3,093	1,498
Reinsurance Recoverable	4,359	3,985	2,558	1,350	540.72
Other Receivables	1,606	1,190	1,308	1,213	2,076
Deferred Policy Acquisition Cost	-	-	-	-	1,328
Separate Account Assets	135,308	127,680	94,424	86,205	85,664
Property, Plant & Equipment	651	412	260	431.29	563.44
Other Intangible Assets	2,138	991	934	992.06	720.06
Other Current Assets	335	584	293	271.87	198.01
Long-Term Deferred Tax Assets	580	486	337	590.84	473.82
Other Long-Term Assets	5,466	5,942	4,763	5,167	5,238
Total Assets	192,936	183,672	144,253	124,533	127,832
Accounts Payable	-	459	161	199.43	143.91
Accrued Expenses	-	886	1,499	891.52	995.29
Insurance & Annuity Liabilities	156,780	23,008	16,807	13,024	14,866
Unpaid Claims	-	-	-	-	3,896
Unearned Premiums	-	126,808	93,413	83,292	1,439
Reinsurance Payable	227	366	376	552.81	278.93
Current Portion of Leases	-	162	188	143.43	152.89
Long-Term Debt	-	-	-	-	37.74
Long-Term Leases	563	308	126	331.46	379.02
Separate Account Liability	-	-	-	-	85,664
Other Current Liabilities	5	265	30	-	11.76
Other Long-Term Liabilities	9,811	9,271	7,977	6,921	6,286
Total Liabilities	167,386	161,782	120,989	105,794	114,664
Common Stock	3,116	3,116	3,116	3,116	3,116
Retained Earnings	21,325	18,144	19,967	18,784	12,078
Treasury Stock	-32	-32	-32	-32	-32
Comprehensive Income & Other	1,141	662	213	-3,129	-1,994
Total Common Equity	25,550	21,890	23,264	18,740	13,168
Minority Interest	-	-	-	-	0.12
Shareholders' Equity	25,550	21,890	23,264	18,740	13,169
Total Liabilities & Equity	192,936	183,672	144,253	124,533	127,832
Filing Date Shares Outstanding	93.95	93.95	93.95	93.95	93.95
Total Common Shares Outstanding	93.95	93.95	93.95	93.95	93.95
Total Debt	563	470	314	474.89	569.65
Net Cash (Debt)	4,067	2,127	2,178	2,618	928.74
Net Cash Growth	91.21%	-2.34%	-16.80%	181.88%	42.34%
Net Cash Per Share	43.07	22.53	23.07	27.72	9.84
Book Value Per Share	271.94	232.99	247.61	199.45	140.16
Tangible Book Value	23,412	20,899	22,330	17,747	12,448
Tangible Book Value Per Share	249.19	222.44	237.67	188.90	132.49
Machinery	-	231	234	236.65	226.15
Construction In Progress	-	2	9	0.56	8.44

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