FRA:F1EF 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	-	47,723	41,884	32,647	31,530
Investments in Equity & Preferred Securities	-	4,816	4,721	4,223	5,150
Policy Loans	-	104	71	52	39
Other Investments	-	3,483	2,414	2,927	664
Total Investments	-	62,052	54,426	44,403	41,132
Cash & Equivalents	75,831	3,410	2,505	2,044	3,880
Reinsurance Recoverable	-	13,380	8,977	5,418	3,738
Other Receivables	-	1,000	977	858	862
Deferred Policy Acquisition Cost	-	3,036	2,215	1,411	761
Property, Plant & Equipment	-	524	516	555	561
Goodwill	5,272	5,271	4,830	4,635	4,539
Other Intangible Assets	424	1,386	1,038	1,001	923
Restricted Cash	-	69	262	242	480
Other Current Assets	-	1,997	1,790	1,343	1,715
Long-Term Deferred Tax Assets	-	315	372	584	-
Long-Term Deferred Charges	-	625	346	200	88
Other Long-Term Assets	27,487	2,307	2,360	2,449	2,011
Total Assets	109,014	95,372	80,614	65,143	60,690
Accounts Payable	-	191	339	156	129
Accrued Expenses	-	1,389	1,215	1,235	1,448
Insurance & Annuity Liabilities	-	59,933	51,590	42,749	36,374
Unpaid Claims	1,700	1,815	1,862	1,919	1,992
Reinsurance Payable	-	10,867	7,083	3,703	1,676
Current Portion of Leases	-	133	-	-	-
Current Income Taxes Payable	-	52	-	-	72
Long-Term Debt	4,400	4,321	3,887	3,238	3,096
Long-Term Leases	-	252	394	418	414
Long-Term Deferred Tax Liabilities	-	-	29	71	205
Other Current Liabilities	-	6,843	5,663	3,964	4,749
Other Long-Term Liabilities	93,942	551	731	862	934
Total Liabilities	100,042	86,840	73,154	58,574	51,233
Common Stock	9,102	-	-	-	-
Additional Paid-In Capital	-	5,976	5,913	5,870	5,811
Retained Earnings	-	5,982	5,244	5,225	4,369
Treasury Stock	-	-2,152	-2,130	-2,109	-1,545
Comprehensive Income & Other	-1,678	-2,052	-2,119	-2,870	779
Total Common Equity	7,424	7,754	6,908	6,116	9,414
Minority Interest	1,548	778	552	453	43
Shareholders' Equity	8,972	8,532	7,460	6,569	9,457
Total Liabilities & Equity	109,014	95,372	80,614	65,143	60,690
Filing Date Shares Outstanding	271	274.99	273.21	272.21	283.57
Total Common Shares Outstanding	271	275	273.25	272.31	283.78
Total Debt	4,400	4,706	4,281	3,656	3,510
Net Cash (Debt)	71,431	-1,296	-1,776	-1,612	370
Net Cash Per Share	262.61	-4.75	-6.55	-5.82	1.29
Book Value Per Share	27.39	28.20	25.28	22.46	33.17
Tangible Book Value	1,728	1,097	1,040	480	3,952
Tangible Book Value Per Share	6.38	3.99	3.81	1.76	13.93
Land	-	14	14	14	14
Buildings	-	93	95	84	79
Machinery	-	316	308	447	449
Leasehold Improvements	-	126	121	118	121

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