FRA:HFF 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	46,209	42,771	40,019	36,499	42,865
Investments in Equity & Preferred Securities	6,296	5,089	5,131	5,492	4,939
Other Investments	4,615	4,227	3,987	3,922	3,905
Total Investments	63,957	58,483	55,224	51,913	57,091
Cash & Equivalents	133	183	126	229	205
Reinsurance Recoverable	7,191	7,140	7,104	6,964	6,523
Other Receivables	6,790	6,460	6,011	5,677	4,760
Deferred Policy Acquisition Cost	1,347	1,239	1,113	998	881
Property, Plant & Equipment	931	888	896	927	1,027
Goodwill	1,911	1,911	1,911	1,911	1,911
Other Intangible Assets	566	637	707	778	849
Restricted Cash	44	51	63	115	132
Other Current Assets	-	57	-1	34	8
Long-Term Deferred Tax Assets	901	1,229	1,173	1,437	270
Other Long-Term Assets	2,226	2,639	2,453	2,025	2,921
Total Assets	85,997	80,917	76,780	73,008	76,578
Insurance & Annuity Liabilities	47,324	45,672	43,440	42,403	40,942
Unearned Premiums	10,053	9,408	8,599	7,815	7,194
Current Portion of Long-Term Debt	-	-	6	6	45
Current Portion of Leases	-	31	-	-	-
Current Income Taxes Payable	-	-	-18	56	-
Long-Term Debt	4,371	4,366	4,362	4,357	4,944
Long-Term Leases	-	114	144	136	184
Other Current Liabilities	-	12	-14	-19	11
Other Long-Term Liabilities	5,270	3,471	3,285	3,339	4,271
Total Liabilities	67,018	64,470	61,453	59,332	58,735
Preferred Stock, Redeemable	334	334	334	334	334
Common Stock	20,702	3	3	3	4
Additional Paid-In Capital	-	578	648	1,895	3,309
Retained Earnings	-	21,531	19,007	17,058	15,764
Treasury Stock	-	-3,113	-1,816	-1,773	-1,740
Comprehensive Income & Other	-2,057	-2,886	-2,849	-3,841	172
Total Common Equity	18,645	16,113	14,993	13,342	17,509
Shareholders' Equity	18,979	16,447	15,327	13,676	17,843
Total Liabilities & Equity	85,997	80,917	76,780	73,008	76,578
Filing Date Shares Outstanding	276.9	285.39	297.35	313.06	331.65
Total Common Shares Outstanding	276.9	287.56	298.47	315.11	334.93
Total Debt	4,371	4,511	4,512	4,499	5,173
Net Cash (Debt)	-4,238	-4,328	-4,386	-4,270	-4,968
Net Cash Per Share	-14.79	-14.49	-14.08	-12.96	-14.03
Book Value Per Share	67.33	56.03	50.23	42.34	52.28
Tangible Book Value	16,168	13,565	12,375	10,653	14,749
Tangible Book Value Per Share	58.39	47.17	41.46	33.81	44.04

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