Definity Financial Balance Sheet

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

Millions CAD. 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	4,495	4,043	3,773	3,924	4,234
Investments in Equity & Preferred Securities	1,067	1,072	980.6	852.4	1,053
Other Investments	1,389	186.3	211.7	146.5	131.5
Total Investments	6,951	5,302	4,965	4,923	5,419
Cash & Equivalents	355.9	322.1	197.5	200.5	387.3
Reinsurance Recoverable	366.7	346.2	330.4	305.1	179.2
Other Receivables	116.3	103.5	88.7	138.8	1,122
Deferred Policy Acquisition Cost	-	-	-	-	295.1
Property, Plant & Equipment	98.6	104.8	103.1	83.8	57
Goodwill	785.5	686.3	572.4	338	46.1
Other Intangible Assets	776.8	711.2	657.5	433.6	173.6
Restricted Cash	-	14.8	244	302.1	110.8
Other Current Assets	65.5	41.3	35.1	29.7	18.1
Long-Term Deferred Tax Assets	21	13.2	23.6	25.2	62.5
Other Long-Term Assets	40.3	48.1	41.9	40.3	21.4
Total Assets	9,577	7,693	7,260	6,820	7,891
Accounts Payable	79.9	77	54.9	77.9	191.7
Accrued Expenses	1.9	1.8	1.9	-	126.4
Insurance & Annuity Liabilities	408.4	378.1	359.3	3,578	-
Unpaid Claims	3,393	3,225	3,135	-	3,336
Unearned Premiums	-	-	-	-	1,599
Current Portion of Leases	10.2	9.2	9.3	-	-
Short-Term Debt	-	110.1	-	39.1	-
Current Income Taxes Payable	21.2	42.3	117.9	-	55.6
Long-Term Debt	1,123	114.3	114.3	-	-
Long-Term Leases	31.7	26	26.3	31.7	18.9
Long-Term Deferred Tax Liabilities	153.3	154.3	150.7	103.5	-
Other Current Liabilities	37.8	9.4	4.7	3.1	22.5
Other Long-Term Liabilities	-	14.8	252.5	302.1	110.8
Total Liabilities	5,285	4,187	4,253	4,161	5,495
Common Stock	2,600	2,220	2,273	2,254	2,308
Additional Paid-In Capital	53	42.4	40.4	40.2	19.3
Retained Earnings	1,376	1,058	561.3	287.8	-28.8
Comprehensive Income & Other	21.2	-1.1	-27	-32.4	98
Total Common Equity	4,050	3,320	2,848	2,550	2,396
Minority Interest	242.4	186.3	159.2	108.5	-
Shareholders' Equity	4,292	3,506	3,007	2,658	2,396
Total Liabilities & Equity	9,577	7,693	7,260	6,820	7,891
Filing Date Shares Outstanding	119.92	114.1	114.89	114.4	115.9
Total Common Shares Outstanding	119.92	114	114.9	114.4	115.9
Total Debt	1,165	259.6	149.9	70.8	18.9
Net Cash (Debt)	-808.7	62.5	47.6	129.7	368.4
Net Cash Growth	-	31.30%	-63.30%	-64.79%	-24.60%
Net Cash Per Share	-6.79	0.54	0.41	1.11	3.50
Book Value Per Share	33.77	29.12	24.78	22.29	20.68
Tangible Book Value	2,487	1,922	1,618	1,778	2,177
Tangible Book Value Per Share	20.74	16.86	14.08	15.54	18.78
Land	53.8	62.6	59.4	43.7	39.7
Buildings	22.8	30.5	29.3	27.4	19.9
Machinery	40.9	46.9	47.3	43.4	42.8

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