Skagi Balance Sheet

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

Millions ISK. 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	35,425	32,407	32,640	16,177	-	-
Investments in Equity & Preferred Securities	15,398	16,622	12,684	14,477	-	-
Other Investments	1,973	2,512	2,524	11,200	-	-
Total Investments	63,539	59,421	49,521	41,854	44,679	40,276
Cash & Equivalents	1,503	2,322	2,271	2,381	1,553	1,576
Reinsurance Recoverable	1,192	1,492	1,601	1,138	1,207	886.58
Other Receivables	3,768	2,352	1,686	837.5	6,725	6,726
Separate Account Assets	878.95	1,024	1,047	1,154	1,774	1,622
Property, Plant & Equipment	1,399	700.36	913.98	962.09	1,174	1,404
Goodwill	-	3,104	2,243	474.6	474.6	474.6
Other Intangible Assets	4,560	1,630	1,241	940.23	986.11	1,196
Restricted Cash	-	-	-	-	119.64	232.37
Other Current Assets	6,656	6,678	5,125	412.86	369.9	332.41
Long-Term Deferred Tax Assets	192.28	461.12	191.21	-	-	36.42
Other Long-Term Assets	-0	-0	-0	-0	-0	0
Total Assets	83,688	79,183	65,840	50,154	59,063	54,762
Accounts Payable	4,790	1,100	785.4	549.31	176.56	639.62
Insurance & Annuity Liabilities	2,862	2,608	2,185	25,088	915.15	945.26
Unpaid Claims	26,502	26,226	24,349	-	21,136	21,261
Unearned Premiums	-	-	-	-	8,236	7,867
Reinsurance Payable	-	202.63	67.62	112.52	118.74	107.3
Current Portion of Leases	-	-	-	0.32	135.27	123.58
Short-Term Debt	1,475	135.49	2,285	-	-	-
Current Income Taxes Payable	-	511.03	150.59	197.99	510.8	-
Long-Term Debt	22,048	21,379	10,517	3,320	3,033	2,889
Long-Term Leases	1,113	391.66	636.97	663.49	607.21	707.84
Long-Term Deferred Tax Liabilities	362.96	358.11	271.63	-	64.73	-
Separate Account Liability	878.95	1,024	1,047	1,154	1,774	1,622
Other Long-Term Liabilities	23.27	2,977	2,372	1,744	1,903	1,608
Total Liabilities	61,561	56,912	44,668	32,830	38,610	37,770
Common Stock	1,896	1,896	1,906	1,716	1,894	1,894
Additional Paid-In Capital	3,087	3,087	3,087	-	-	-
Retained Earnings	17,101	17,249	16,138	8,891	18,703	15,097
Treasury Stock	-	-	-	-	-144.46	-
Comprehensive Income & Other	0	-	-	6,672	-	-
Total Common Equity	22,084	22,232	21,131	17,279	20,453	16,992
Minority Interest	43.57	39.21	41	45.96	-	-
Shareholders' Equity	22,128	22,271	21,172	17,325	20,453	16,992
Total Liabilities & Equity	83,688	79,183	65,840	50,154	59,063	54,762
Filing Date Shares Outstanding	1,896	1,896	1,906	1,717	1,750	1,894
Total Common Shares Outstanding	1,896	1,896	1,906	1,717	1,750	1,894
Total Debt	26,143	21,906	13,439	3,984	3,775	3,721
Net Cash (Debt)	-24,640	-19,584	-11,169	-1,603	-2,222	-2,145
Net Cash Per Share	-12.19	-10.02	-5.86	-0.93	-1.27	-1.13
Book Value Per Share	11.65	11.73	11.09	10.06	11.69	8.97
Tangible Book Value	17,523	17,498	17,648	15,864	18,992	15,322
Tangible Book Value Per Share	9.24	9.23	9.26	9.24	10.85	8.09
Buildings	-	112.97	113.84	113.84	113.84	113.84
Machinery	-	1,713	1,521	1,400	1,381	1,357

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.