BVL:QUALSGC1 Balance Sheet

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

Millions MXN. 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	-	-	91.83	8.37	20.49
Other Investments	41,555	35,496	67.86	46.76	3.18
Total Investments	41,555	35,496	187.46	55.13	23.67
Cash & Equivalents	2,062	2,275	149.77	322.93	260.08
Reinsurance Recoverable	129.13	140.6	1.82	1.04	0.54
Other Receivables	48,577	40,460	201.23	176.15	169.89
Property, Plant & Equipment	3,862	3,583	16.14	20.2	22.38
Other Intangible Assets	63.28	59.55	3.63	3.63	5.01
Other Current Assets	4,171	3,071	3.26	0.66	1.68
Long-Term Deferred Tax Assets	3,380	2,778	49.14	42.64	31.07
Other Long-Term Assets	736.82	763.6	31.15	23.28	13.09
Total Assets	104,537	88,625	643.59	645.67	527.41
Accounts Payable	-	-	5.8	2.45	1.8
Accrued Expenses	748.98	693.59	44.58	48.71	50.2
Insurance & Annuity Liabilities	59,366	52,831	1.03	2.37	0.4
Unpaid Claims	-	-	110.89	103.44	57.66
Unearned Premiums	740.55	517.88	244.52	234.95	211.45
Reinsurance Payable	73.65	49.32	1.28	-	1.26
Short-Term Debt	-	-	-	-	16.91
Current Income Taxes Payable	1,980	1,925	1.9	1.81	2.38
Long-Term Leases	616.17	711.84	-	-	-
Long-Term Deferred Tax Liabilities	1,155	875.17	-	-	-
Other Current Liabilities	336.84	284.88	-	2.39	5.12
Other Long-Term Liabilities	23,764	17,292	6.49	5.99	3.38
Total Liabilities	89,597	75,827	416.5	402.12	350.56
Common Stock	1,643	1,643	1,202	1,305	1,211
Retained Earnings	11,777	10,410	-141.88	-121.2	-91.85
Comprehensive Income & Other	1,519	744.77	-833.15	-940.68	-942.4
Total Common Equity	14,939	12,798	227.09	243.55	176.84
Minority Interest	0	0	-	-	-
Shareholders' Equity	14,939	12,798	227.09	243.55	176.84
Total Liabilities & Equity	104,537	88,625	643.59	645.67	527.41
Filing Date Shares Outstanding	313.8	273.43	264.05	254.92	235.81
Total Common Shares Outstanding	313.8	273.43	264.05	254.92	235.81
Total Debt	616.17	711.84	-	-	16.91
Net Cash (Debt)	1,446	1,563	149.77	322.93	243.17
Net Cash Growth	-7.45%	943.46%	-53.62%	32.80%	10.07%
Net Cash Per Share	4.61	-	0.57	1.31	1.03
Book Value Per Share	47.61	46.80	0.86	0.96	0.75
Tangible Book Value	14,876	12,738	223.46	239.92	171.83
Tangible Book Value Per Share	47.41	46.59	0.85	0.94	0.73
Land	113.4	113.4	-	-	-
Buildings	178.61	178.61	-	-	-
Machinery	3,500	3,088	27	28.99	27.6
Construction In Progress	1,180	969.34	-	-	-

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