Lancashire Holdings 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	Jun '25 Jun 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	2,493	2,418	2,064	1,815	1,626	1,452
Investments in Equity & Preferred Securities	8	9.1	16.2	59.7	118.7	127.2
Other Investments	57	32.6	73.8	21.3	44.4	86.2
Total Investments	2,839	2,721	2,329	2,136	2,057	1,873
Cash & Equivalents	653.2	573.2	573.2	344.4	298.7	314.3
Reinsurance Recoverable	620.8	557.2	387.8	474.3	574.8	467.2
Other Receivables	218	195.7	215.7	168.8	626.1	515.9
Deferred Policy Acquisition Cost	-	-	-	-	121.6	89
Property, Plant & Equipment	22.3	24.9	29.1	21.4	14.2	16.8
Goodwill	-	71.2	71.2	71.2	71.2	71.2
Other Intangible Assets	196.7	125.8	109.9	101.2	86.7	83.3
Restricted Cash	-	111.1	183.7	204.4	219	118.1
Other Current Assets	-	0.2	2	2.5	0.6	1.8
Total Assets	4,550	4,380	3,902	3,524	4,070	3,550
Accrued Expenses	-	-	-	-	7.2	2.2
Insurance & Annuity Liabilities	2,462	2,300	1,824	1,674	1,311	975.3
Unearned Premiums	-	-	-	-	597.9	457.9
Reinsurance Payable	-	-	-	-	205.6	151.7
Current Portion of Long-Term Debt	-	25.3	25.3	25.3	25.3	-
Current Portion of Leases	-	4.9	3.2	2.2	2.8	2.8
Current Income Taxes Payable	10	2.7	2	-	1.6	1.5
Long-Term Debt	447.2	421.7	421.3	420.8	420.4	327.5
Long-Term Leases	21.7	17.4	21.5	21.1	15.1	18.1
Long-Term Deferred Tax Liabilities	22.5	22.3	16.2	10.3	12.2	10.9
Other Current Liabilities	73	91.9	80.6	44.6	30.2	43.9
Other Long-Term Liabilities	-	-	-	-	27	19.6
Total Liabilities	3,036	2,887	2,394	2,198	2,657	2,011
Common Stock	122	122	122	122	122	122
Additional Paid-In Capital	-	1,193	1,191	1,189	1,187	1,189
Retained Earnings	162.2	149.5	182.4	16.2	83.9	182.5
Treasury Stock	-12	-20.5	-29.7	-34	-18.1	-21.2
Comprehensive Income & Other	1,242	49.1	42.6	33.3	37.2	66.1
Total Common Equity	1,514	1,493	1,508	1,326	1,412	1,539
Minority Interest	-	-	-	-	0.5	0.4
Shareholders' Equity	1,514	1,493	1,508	1,326	1,413	1,539
Total Liabilities & Equity	4,550	4,380	3,902	3,524	4,070	3,550
Filing Date Shares Outstanding	242.01	240.58	239.04	238.33	241.84	241.81
Total Common Shares Outstanding	242.01	240.58	239.04	238.33	241.84	241.81
Total Debt	468.9	469.3	471.3	469.4	463.6	348.4
Net Cash (Debt)	184.3	103.9	101.9	-125	-164.9	-34.1
Net Cash Growth	-19.13%	1.96%	-	-	-	-
Net Cash Per Share	0.74	0.42	0.42	-0.51	-0.68	-0.15
Book Value Per Share	6.26	6.21	6.31	5.56	5.84	6.36
Tangible Book Value	1,317	1,296	1,327	1,154	1,254	1,384
Tangible Book Value Per Share	5.44	5.39	5.55	4.84	5.19	5.72

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