Conduit Holdings Balance Sheet

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

Millions USD. 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	-	1,491	1,192	983.8	999.5
Other Investments	1,907	-	-	-	-
Total Investments	1,907	1,526	1,238	1,022	1,008
Cash & Equivalents	339.2	313.2	199.8	112.9	67.5
Reinsurance Recoverable	51.4	48.9	42.7	67.3	50
Other Receivables	15.6	12.4	8.5	5.5	158.7
Deferred Policy Acquisition Cost	-	-	-	-	44.6
Property, Plant & Equipment	0.7	1.4	2.1	2.2	2.9
Other Intangible Assets	-	-	-	1.4	1.1
Other Long-Term Assets	11.1	4	4.7	3.6	1.6
Total Assets	2,325	1,906	1,496	1,215	1,335
Insurance & Annuity Liabilities	-	-	-	-	171.6
Unearned Premiums	-	-	-	-	152.8
Reinsurance Payable	1,211	834.5	494.5	336.3	7.3
Current Portion of Leases	-	0.8	0.8	0.6	0.6
Long-Term Leases	0.8	0.8	1.5	1.8	2.3
Other Current Liabilities	11.7	18.9	12	8.7	19
Total Liabilities	1,223	855	508.8	347.4	353.6
Common Stock	1.7	1.7	1.7	1.7	1.7
Additional Paid-In Capital	-	-	-	1,058	1,055
Retained Earnings	82.5	25.1	-41	-172.5	-76.3
Treasury Stock	-52.7	-40.6	-32.9	-20.1	-0.2
Comprehensive Income & Other	1,071	1,065	1,060	-	0.6
Shareholders' Equity	1,102	1,051	987.4	867.2	981.2
Total Liabilities & Equity	2,325	1,906	1,496	1,215	1,335
Filing Date Shares Outstanding	154.31	156.98	158.06	160.14	165.21
Total Common Shares Outstanding	154.31	156.98	158.06	160.14	165.21
Total Debt	0.8	1.6	2.3	2.4	2.9
Net Cash (Debt)	338.4	311.6	197.5	110.5	64.6
Net Cash Growth	8.60%	57.77%	78.73%	71.05%	-93.87%
Net Cash Per Share	2.14	1.97	1.23	0.68	0.39
Book Value Per Share	7.14	6.70	6.25	5.42	5.94
Tangible Book Value	1,102	1,051	987.4	865.8	980.1
Tangible Book Value Per Share	7.14	6.70	6.25	5.41	5.93

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