IRB-Brasil Resseguros Balance Sheet

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

Millions BRL. 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	-	-	-	-	4,837
Investments in Equity & Preferred Securities	-	-	-	-	22.12
Other Investments	5,382	8,512	8,091	6,113	700.86
Total Investments	8,752	9,152	8,362	9,052	9,006
Cash & Equivalents	11.23	18.86	20.34	17.79	38.77
Reinsurance Recoverable	3,150	3,470	2,984	3,345	6,612
Other Receivables	77.55	37.99	45.55	65.9	3,325
Deferred Policy Acquisition Cost	-	-	-	-	127.7
Property, Plant & Equipment	38.06	42.97	51.82	29.46	64.5
Other Intangible Assets	101.51	130.6	118.97	105.83	85.12
Other Current Assets	14.5	5.45	20.69	6.26	73.72
Long-Term Deferred Tax Assets	2,280	2,401	-	-	2,068
Other Long-Term Assets	1,219	1,188	3,882	3,813	1,273
Total Assets	15,644	16,447	15,486	16,436	22,674
Accounts Payable	22.93	28.89	-	-	9.57
Accrued Expenses	145.45	138.04	87.17	86.46	249.67
Insurance & Annuity Liabilities	-	-	-	-	225.17
Unpaid Claims	-	-	-	-	11,998
Unearned Premiums	84.46	57.37	89.99	90.46	3,215
Reinsurance Payable	9,240	10,200	9,834	10,388	1,892
Current Portion of Long-Term Debt	255.32	246.11	3.74	466.9	10.35
Current Portion of Leases	1.31	0.78	-	-	1.26
Current Income Taxes Payable	60.64	35.03	73.38	31.47	35.28
Long-Term Debt	-	242.87	542.47	440.71	819.11
Long-Term Leases	20.24	20.99	23.05	19.72	4.43
Other Current Liabilities	82.24	30.09	97.93	64.6	9.97
Other Long-Term Liabilities	53.74	185.99	113.64	136.41	154.61
Total Liabilities	10,361	11,521	11,229	12,095	19,040
Common Stock	5,453	5,453	5,453	5,453	4,253
Additional Paid-In Capital	-	-	-	-	1.01
Retained Earnings	507.28	447.58	-359.03	-215.7	148.67
Treasury Stock	-11.69	-283.76	-283.76	-283.76	-283.76
Comprehensive Income & Other	-665.98	-690.84	-552.9	-612.15	-484.63
Shareholders' Equity	5,283	4,926	4,257	4,341	3,634
Total Liabilities & Equity	15,644	16,447	15,486	16,436	22,674
Filing Date Shares Outstanding	81.62	81.84	81.84	81.87	41.84
Total Common Shares Outstanding	81.62	81.84	81.84	81.87	41.84
Total Debt	276.87	510.75	569.25	927.33	835.14
Net Cash (Debt)	-265.64	-491.89	-548.92	-909.54	-796.37
Net Cash Per Share	-3.25	-6.01	-6.71	-21.75	-19.03
Book Value Per Share	64.72	60.19	52.02	53.03	86.86
Tangible Book Value	5,181	4,795	4,138	4,236	3,549
Tangible Book Value Per Share	63.48	58.59	50.57	51.74	84.82
Land	-	-	-	-	66.77
Machinery	32.94	32.72	34.68	30.22	49.87

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