Mandatum Oyj Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-	-	-	-	2,215	-
Investments in Equity & Preferred Securities	-	0.5	0.5	1.4	437.5	1.3
Other Investments	-	8.2	33	41.9	1,020	4,427
Total Investments	3,121	3,378	3,627	3,711	3,838	4,558
Cash & Equivalents	687	687.6	890.4	738.4	724.6	918.1
Reinsurance Recoverable	-	0.6	0.7	0.5	0.1	1.5
Other Receivables	7.2	47	45.9	63.2	128	-
Separate Account Assets	14,439	14,525	13,293	11,636	9,934	10,558
Property, Plant & Equipment	22.3	22.4	25.1	27.4	25.6	27.6
Goodwill	-	41.2	41.2	41.2	41.3	39.9
Other Intangible Assets	55.4	14	12.9	12.9	13.8	14.4
Other Current Assets	2.8	59.1	82.2	76.2	102.4	196.4
Other Long-Term Assets	276.7	36.1	34.5	35.8	40.2	157
Total Assets	18,612	18,812	18,053	16,343	14,848	16,471
Accounts Payable	-	2	2.3	3.2	-	-
Accrued Expenses	-	29	39	38.3	38.7	7
Insurance & Annuity Liabilities	5,457	5,581	5,644	5,522	5,327	3,267
Reinsurance Payable	1.2	2.3	1.7	1.5	1.4	8.2
Current Portion of Long-Term Debt	-	200.6	13.9	-	2.2	-
Current Portion of Leases	-	3.1	3.1	-	-	-
Short-Term Debt	-	4.3	0.4	-	-	-
Current Income Taxes Payable	-	8.3	4.2	4.2	-	-
Long-Term Debt	389.3	388.9	588.5	351.1	349.6	-
Long-Term Leases	-	15.9	18.2	23	21	22.5
Long-Term Deferred Tax Liabilities	95.7	108.4	133.8	140.8	160.3	158.6
Separate Account Liability	11,021	10,942	9,908	8,529	7,107	10,526
Other Current Liabilities	20.1	17.5	27.3	12.9	11.1	236.5
Other Long-Term Liabilities	215.8	78.1	67.1	117.1	138.3	507.5
Total Liabilities	17,199	17,382	16,451	14,744	13,156	14,733
Common Stock	0.1	0.1	0.1	0.1	5	5
Retained Earnings	971.6	989.1	1,161	1,163	973.5	1,037
Comprehensive Income & Other	440.1	440.1	440.1	436.6	713.1	695.7
Total Common Equity	1,412	1,429	1,601	1,599	1,692	1,738
Minority Interest	0.6	0.6	0.2	-0.3	-0.1	-
Shareholders' Equity	1,412	1,430	1,601	1,599	1,692	1,738
Total Liabilities & Equity	18,612	18,812	18,053	16,343	14,848	16,471
Filing Date Shares Outstanding	503.21	502.7	502.7	501.8	-	-
Total Common Shares Outstanding	503.21	502.7	502.7	501.8	-	-
Total Debt	389.3	612.8	624.1	374.1	372.8	22.5
Net Cash (Debt)	297.7	74.8	266.3	364.3	351.8	895.6
Net Cash Growth	29.38%	-71.91%	-26.90%	3.55%	-60.72%	36.05%
Net Cash Per Share	0.56	0.15	0.53	0.73	0.70	-
Book Value Per Share	2.81	2.84	3.19	3.19	-	-
Tangible Book Value	1,356	1,374	1,547	1,545	1,637	1,684
Tangible Book Value Per Share	2.70	2.73	3.08	3.08	-	-
Land	-	3	3	3	3	2.9
Machinery	-	12.7	12.6	12.4	12.1	11.9

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