Mapfre Balance Sheet

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

Millions EUR. 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	23,097	23,376	21,889	18,920	27,659
Investments in Equity & Preferred Securities	2,722	2,329	2,269	1,592	2,646
Other Investments	1,078	908.8	733.6	3,075	1,089
Total Investments	45,363	42,865	40,935	37,622	38,408
Cash & Equivalents	1,947	1,747	2,086	2,575	2,888
Reinsurance Recoverable	5,616	6,075	5,938	5,667	6,876
Other Receivables	940.2	1,115	937.7	874.9	4,525
Deferred Policy Acquisition Cost	280.1	331.9	421.4	452.5	530.92
Separate Account Assets	-	-	-	-	2,957
Property, Plant & Equipment	1,191	1,195	1,182	1,299	1,294
Goodwill	1,239	1,361	1,354	1,446	1,472
Other Intangible Assets	803.1	847.5	905	891.4	907.88
Other Current Assets	732.4	646.9	683.3	659.7	3,447
Long-Term Deferred Tax Assets	297.4	391.9	397.3	591.4	299.6
Other Long-Term Assets	102.5	130.2	107.5	119.5	248.6
Total Assets	58,513	56,707	54,947	52,197	63,854
Accrued Expenses	864.6	710.8	748.3	712.3	759
Insurance & Annuity Liabilities	21,196	20,441	20,012	18,042	19,512
Unpaid Claims	-	-	-	-	11,986
Unearned Premiums	19,345	19,352	18,349	17,523	9,385
Reinsurance Payable	15.3	17.1	15.5	14.5	1,335
Current Portion of Leases	68.5	61.5	63.3	58.2	52
Current Income Taxes Payable	247.6	213.2	226.6	153.3	65.2
Long-Term Debt	2,622	2,670	2,741	2,932	3,089
Long-Term Leases	289.6	265.1	248.5	261.3	236.8
Long-Term Deferred Tax Liabilities	258.2	195.5	236	324.8	537.7
Separate Account Liability	-	-	-	-	2,957
Other Current Liabilities	110.8	142.7	726.1	699.8	433.8
Other Long-Term Liabilities	2,981	2,652	1,924	2,606	3,838
Total Liabilities	47,998	46,721	45,291	43,328	54,188
Common Stock	308	308	308	308	308
Additional Paid-In Capital	1,507	1,507	1,507	1,507	1,507
Retained Earnings	917	767.3	492.4	378.8	580.4
Treasury Stock	-52	-25.5	-31.7	-41.4	-62.9
Comprehensive Income & Other	6,730	6,332	6,191	5,645	6,131
Total Common Equity	9,410	8,889	8,467	7,797	8,464
Minority Interest	1,104	1,097	1,190	1,073	1,203
Shareholders' Equity	10,514	9,986	9,656	8,870	9,667
Total Liabilities & Equity	58,513	56,707	54,947	52,197	63,854
Filing Date Shares Outstanding	3,064	3,067	3,064	3,060	3,049
Total Common Shares Outstanding	3,064	3,067	3,064	3,060	3,049
Total Debt	2,980	2,997	3,052	3,252	3,378
Net Cash (Debt)	-1,033	-1,250	-966.4	-677.2	-490.2
Net Cash Per Share	-0.34	-0.41	-0.32	-0.22	-0.16
Book Value Per Share	3.07	2.90	2.76	2.55	2.78
Tangible Book Value	7,368	6,680	6,208	5,460	6,083
Tangible Book Value Per Share	2.40	2.18	2.03	1.78	1.99
Land	14.2	27.6	25.3	26.6	28.7
Buildings	939.9	957.6	862.1	1,005	1,035
Machinery	478.8	468.8	477.6	515.4	537.9

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