FRA:F1EF Balance Sheet

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

Millions USD. 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	53,039	47,723	41,884	32,647	31,530	27,132
Investments in Equity & Preferred Securities	5,815	4,816	4,721	4,223	5,150	3,630
Policy Loans	136	104	71	52	39	33
Other Investments	2,142	3,483	2,414	2,927	664	885
Total Investments	68,523	62,052	54,426	44,403	41,132	33,711
Cash & Equivalents	3,221	3,410	2,505	2,044	3,880	2,449
Reinsurance Recoverable	16,848	13,380	8,977	5,418	3,738	3,211
Other Receivables	997	1,000	977	858	862	692
Deferred Policy Acquisition Cost	3,495	3,036	2,215	1,411	761	222
Property, Plant & Equipment	530	524	516	555	561	554
Goodwill	5,272	5,271	4,830	4,635	4,539	4,495
Other Intangible Assets	1,344	1,386	1,038	1,001	923	944
Restricted Cash	273	69	262	242	480	270
Other Current Assets	2,704	1,997	1,790	1,343	1,715	1,610
Long-Term Deferred Tax Assets	-	315	372	584	-	8
Long-Term Deferred Charges	821	625	346	200	88	36
Other Long-Term Assets	2,608	2,307	2,360	2,449	2,011	2,253
Total Assets	106,636	95,372	80,614	65,143	60,690	50,455
Accounts Payable	3,096	191	339	156	129	115
Accrued Expenses	-	1,389	1,215	1,235	1,448	1,253
Insurance & Annuity Liabilities	65,770	59,933	51,590	42,749	36,374	29,324
Unpaid Claims	1,708	1,815	1,862	1,919	1,992	1,711
Reinsurance Payable	13,582	10,867	7,083	3,703	1,676	806
Current Portion of Long-Term Debt	7	-	-	-	-	-
Current Portion of Leases	-	133	-	-	-	-
Current Income Taxes Payable	47	52	-	-	72	56
Long-Term Debt	4,398	4,321	3,887	3,238	3,096	2,662
Long-Term Leases	372	252	394	418	414	414
Long-Term Deferred Tax Liabilities	-	-	29	71	205	300
Other Current Liabilities	6,985	6,843	5,663	3,964	4,749	4,594
Other Long-Term Liabilities	734	551	731	862	934	711
Total Liabilities	97,302	86,840	73,154	58,574	51,233	42,063
Additional Paid-In Capital	6,044	5,976	5,913	5,870	5,811	5,720
Retained Earnings	6,293	5,982	5,244	5,225	4,369	2,394
Treasury Stock	-2,376	-2,152	-2,130	-2,109	-1,545	-1,067
Comprehensive Income & Other	-1,606	-2,052	-2,119	-2,870	779	1,304
Total Common Equity	8,355	7,754	6,908	6,116	9,414	8,351
Minority Interest	979	778	552	453	43	41
Shareholders' Equity	9,334	8,532	7,460	6,569	9,457	8,392
Total Liabilities & Equity	106,636	95,372	80,614	65,143	60,690	50,455
Filing Date Shares Outstanding	271.12	274.99	273.21	272.21	283.57	291.17
Total Common Shares Outstanding	271	275	273.25	272.31	283.78	291.45
Total Debt	4,777	4,706	4,281	3,656	3,510	3,076
Net Cash (Debt)	-1,556	-1,296	-1,776	-1,612	370	-627
Net Cash Per Share	-5.72	-4.75	-6.55	-5.82	1.29	-2.19
Book Value Per Share	30.83	28.20	25.28	22.46	33.17	28.65
Tangible Book Value	1,739	1,097	1,040	480	3,952	2,912
Tangible Book Value Per Share	6.42	3.99	3.81	1.76	13.93	9.99
Land	-	14	14	14	14	14
Buildings	-	93	95	84	79	78
Machinery	-	316	308	447	449	416
Leasehold Improvements	-	126	121	118	121	115

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