IRB-Brasil Resseguros Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	-	-	-	-	4,837	4,455
Investments in Equity & Preferred Securities	-	-	-	-	22.12	22.32
Other Investments	6,720	8,512	8,091	6,113	700.86	906.09
Total Investments	8,884	9,152	8,362	9,052	9,006	7,700
Cash & Equivalents	10.79	18.86	20.34	17.79	38.77	14.56
Reinsurance Recoverable	3,045	3,470	2,984	3,345	6,612	6,658
Other Receivables	77.28	37.99	45.55	65.9	3,325	4,801
Deferred Policy Acquisition Cost	-	-	-	-	127.7	130.99
Property, Plant & Equipment	43.57	42.97	51.82	29.46	64.5	72.58
Other Intangible Assets	100.46	130.6	118.97	105.83	85.12	65.89
Other Current Assets	14.82	5.45	20.69	6.26	73.72	743.81
Long-Term Deferred Tax Assets	2,276	-	-	-	2,068	1,292
Other Long-Term Assets	1,210	3,589	3,882	3,813	1,273	1,011
Total Assets	15,663	16,447	15,486	16,436	22,674	22,490
Accounts Payable	24.53	-	-	-	9.57	32.22
Accrued Expenses	127.51	88.19	87.17	86.46	249.67	310.03
Insurance & Annuity Liabilities	-	-	-	-	225.17	211.9
Unpaid Claims	-	-	-	-	11,998	9,758
Unearned Premiums	57.16	57.37	89.99	90.46	3,215	3,879
Reinsurance Payable	9,100	10,200	9,834	10,388	1,892	2,389
Current Portion of Long-Term Debt	263.63	246.11	3.74	466.9	10.35	4.16
Current Portion of Leases	1.74	-	-	-	1.26	2.24
Current Income Taxes Payable	32.06	35.03	73.38	31.47	35.28	107.04
Long-Term Debt	252.43	242.87	542.47	440.71	819.11	816.48
Long-Term Leases	20.31	20.99	23.05	19.72	4.43	7.27
Other Current Liabilities	32.59	109.61	97.93	64.6	9.97	26.88
Other Long-Term Liabilities	83.39	185.99	113.64	136.41	154.61	56.67
Total Liabilities	10,335	11,521	11,229	12,095	19,040	18,076
Common Stock	5,453	5,453	5,453	5,453	4,253	1,953
Additional Paid-In Capital	-	-	-	-	1.01	1.01
Retained Earnings	516.08	447.58	-359.03	-215.7	148.67	832.75
Treasury Stock	-	-283.76	-283.76	-283.76	-283.76	-283.76
Comprehensive Income & Other	-642.04	-690.84	-552.9	-612.15	-484.63	1,912
Shareholders' Equity	5,327	4,926	4,257	4,341	3,634	4,415
Total Liabilities & Equity	15,663	16,447	15,486	16,436	22,674	22,490
Filing Date Shares Outstanding	81.84	81.84	81.84	81.87	41.84	41.84
Total Common Shares Outstanding	81.84	81.84	81.84	81.87	41.84	41.84
Total Debt	538.11	509.97	569.25	927.33	835.14	830.14
Net Cash (Debt)	-527.32	-491.11	-548.92	-909.54	-796.37	-815.58
Net Cash Per Share	-6.44	-6.00	-6.71	-21.75	-19.03	-19.49
Book Value Per Share	65.09	60.19	52.02	53.03	86.86	105.51
Tangible Book Value	5,227	4,795	4,138	4,236	3,549	4,349
Tangible Book Value Per Share	63.86	58.59	50.57	51.74	84.82	103.93
Land	-	-	-	-	66.77	66.49
Machinery	-	32.76	34.68	30.22	49.87	47.97

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