National Life Insurance Balance Sheet

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

Millions BDT. 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	36,378	27,584	20,831	20,641	17,671	16,782
Investments in Equity & Preferred Securities	1,978	1,868	2,526	2,192	2,258	1,862
Policy Loans	1,338	1,163	965.25	809.35	675.93	580.04
Other Investments	722.15	2,541	3,235	769.28	665.69	627.07
Total Investments	40,417	33,156	27,557	24,411	21,271	19,851
Cash & Equivalents	18,549	22,362	22,865	21,570	22,202	20,229
Other Receivables	5,338	5,905	4,902	4,627	5,033	4,765
Property, Plant & Equipment	2,267	2,060	1,881	1,759	2,262	2,261
Other Intangible Assets	270.15	270.15	270.15	270.15	270.15	240.15
Other Current Assets	4,619	4,380	3,575	3,057	2,516	2,140
Other Long-Term Assets	30.2	36.75	40.42	36.84	26.79	24.62
Total Assets	71,490	68,171	61,090	55,732	53,581	49,511
Insurance & Annuity Liabilities	64,201	59,962	53,011	48,006	43,860	40,075
Unpaid Claims	126.52	952.01	761.01	1,157	3,153	3,729
Unearned Premiums	165.1	154.88	139.91	145.05	142.6	153.22
Reinsurance Payable	84.66	154.38	170.68	167.67	150.27	111.96
Long-Term Leases	-	190.25	152.51	115.28	121.72	102.34
Other Current Liabilities	2.24	2.24	3.16	3.83	-	-
Other Long-Term Liabilities	5,328	5,170	5,296	4,587	4,664	3,947
Total Liabilities	69,907	66,585	59,535	54,181	52,091	48,118
Common Stock	1,085	1,085	1,085	1,085	1,085	1,085
Retained Earnings	458.78	463.68	438.15	442.95	384.26	289.18
Comprehensive Income & Other	15.08	12.89	9.24	-	-	-
Total Common Equity	1,559	1,562	1,533	1,528	1,469	1,374
Minority Interest	23.55	23.63	22.77	22.64	20.9	18.08
Shareholders' Equity	1,583	1,585	1,555	1,551	1,490	1,392
Total Liabilities & Equity	71,490	68,171	61,090	55,732	53,581	49,511
Filing Date Shares Outstanding	108.52	108.52	108.52	108.52	108.52	108.52
Total Common Shares Outstanding	108.52	108.52	108.52	108.52	108.52	108.52
Total Debt	-	190.25	152.51	115.28	121.72	102.34
Net Cash (Debt)	18,549	22,172	22,712	21,455	22,081	20,126
Net Cash Growth	-14.85%	-2.38%	5.86%	-2.83%	9.71%	1.52%
Net Cash Per Share	170.92	204.31	209.29	197.70	203.47	185.46
Book Value Per Share	14.37	14.39	14.12	14.08	13.54	12.66
Tangible Book Value	1,289	1,292	1,262	1,258	1,199	1,134
Tangible Book Value Per Share	11.88	11.90	11.63	11.59	11.05	10.45
Land	-	799.78	799.1	796.45	1,300	1,299
Buildings	-	535.38	535.38	535.25	534.66	611.06
Machinery	-	1,295	1,225	1,072	989.05	875.7

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