Mandatum Oyj Balance Sheet

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

Millions EUR. 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	-	-	-	2,215	-	-
Investments in Equity & Preferred Securities	-	0.5	1.4	437.5	1.3	0.6
Other Investments	-	33	41.9	1,020	4,427	4,756
Total Investments	3,456	3,627	3,711	3,838	4,558	4,890
Cash & Equivalents	632.1	890.4	738.4	724.6	918.1	682.4
Reinsurance Recoverable	-	0.7	0.5	0.1	1.5	1.5
Other Receivables	8.1	44.1	63.2	128	-	126.5
Separate Account Assets	14,133	13,293	11,636	9,934	10,558	8,805
Property, Plant & Equipment	22.8	25.1	27.4	25.6	27.6	29.6
Goodwill	-	41.2	41.2	41.3	39.9	-
Other Intangible Assets	54.8	12.9	12.9	13.8	14.4	6.6
Other Current Assets	6	82.2	76.2	102.4	196.4	24.5
Other Long-Term Assets	160	36.3	35.8	40.2	157	38.6
Total Assets	18,473	18,053	16,343	14,848	16,471	14,605
Accounts Payable	-	2.3	3.2	-	-	-
Accrued Expenses	-	39	38.3	38.7	7	7.4
Insurance & Annuity Liabilities	5,543	5,644	5,522	5,327	3,267	3,556
Reinsurance Payable	1.2	1.7	1.5	1.4	8.2	8.6
Current Portion of Long-Term Debt	-	13.9	-	2.2	-	-
Short-Term Debt	-	0.4	-	-	-	-
Current Income Taxes Payable	-	3.7	4.2	-	-	-
Long-Term Debt	588.9	588.5	351.1	349.6	-	-
Long-Term Leases	-	21.3	23	21	22.5	24.1
Long-Term Deferred Tax Liabilities	114	133.8	140.8	160.3	158.6	138.8
Separate Account Liability	10,584	9,908	8,529	7,107	10,526	8,765
Other Current Liabilities	-	27.3	12.9	11.1	236.5	3.2
Other Long-Term Liabilities	244.3	67.6	117.1	138.3	507.5	521.1
Total Liabilities	17,076	16,451	14,744	13,156	14,733	13,025
Common Stock	0.1	0.1	0.1	5	5	40.4
Additional Paid-In Capital	-	-	-	-	-	98.9
Retained Earnings	956.8	1,161	1,163	973.5	1,037	907.4
Comprehensive Income & Other	440.1	440.1	436.6	713.1	695.7	534.2
Total Common Equity	1,397	1,601	1,599	1,692	1,738	1,581
Minority Interest	0.2	0.2	-0.3	-0.1	-	-
Shareholders' Equity	1,397	1,601	1,599	1,692	1,738	1,581
Total Liabilities & Equity	18,473	18,053	16,343	14,848	16,471	14,605
Filing Date Shares Outstanding	502.7	502.7	501.8	-	-	-
Total Common Shares Outstanding	502.7	502.7	501.8	-	-	-
Total Debt	588.9	624.1	374.1	372.8	22.5	24.1
Net Cash (Debt)	43.2	266.3	364.3	351.8	895.6	658.3
Net Cash Growth	-84.14%	-26.90%	3.55%	-60.72%	36.05%	13.05%
Net Cash Per Share	0.09	0.53	0.73	0.70	-	-
Book Value Per Share	2.78	3.19	3.19	-	-	-
Tangible Book Value	1,342	1,547	1,545	1,637	1,684	1,574
Tangible Book Value Per Share	2.67	3.08	3.08	-	-	-
Land	-	3	3	3	2.9	2.9
Machinery	-	12.6	12.4	12.1	11.9	11.7

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