Skagi Balance Sheet

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

Millions ISK. 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	6,570	37,456	32,407	32,640	16,177	-
Investments in Equity & Preferred Securities	583	16,229	16,622	12,684	14,477	-
Other Investments	49,306	2,104	2,512	2,524	11,200	-
Total Investments	68,847	67,625	59,421	49,521	41,854	44,679
Cash & Equivalents	3,273	1,750	2,322	2,271	2,381	1,553
Reinsurance Recoverable	-	960.62	1,289	1,601	1,138	1,207
Other Receivables	-	3,134	1,303	1,686	837.5	6,725
Separate Account Assets	-	882.14	1,024	1,047	1,154	1,774
Property, Plant & Equipment	-	1,384	700.36	913.98	962.09	1,174
Goodwill	-	3,104	3,104	2,243	474.6	474.6
Other Intangible Assets	5,622	1,455	1,630	1,241	940.23	986.11
Restricted Cash	-	-	-	-	-	119.64
Other Current Assets	3,401	4,544	7,726	5,125	412.86	369.9
Long-Term Deferred Tax Assets	-	196.09	461.12	191.21	-	-
Other Long-Term Assets	6,088	0	-0	-0	-0	-0
Total Assets	87,231	85,035	78,980	65,840	50,154	59,063
Accounts Payable	-	155.94	975.81	785.4	549.31	176.56
Insurance & Annuity Liabilities	32,350	2,758	2,608	2,185	25,088	915.15
Unpaid Claims	-	27,573	27,136	24,349	-	21,136
Unearned Premiums	-	-	-	-	-	8,236
Reinsurance Payable	-	-	-	67.62	112.52	118.74
Current Portion of Leases	-	-	-	-	0.32	135.27
Short-Term Debt	-	1,932	1,355	2,285	-	-
Current Income Taxes Payable	-	356.63	511.03	150.59	197.99	510.8
Long-Term Debt	11,903	22,930	20,160	10,517	3,320	3,033
Long-Term Leases	-	1,127	391.66	636.97	663.49	607.21
Long-Term Deferred Tax Liabilities	-	435.67	358.11	271.63	-	64.73
Separate Account Liability	-	882.14	1,024	1,047	1,154	1,774
Other Long-Term Liabilities	20,303	2,901	2,190	2,372	1,744	1,903
Total Liabilities	64,556	61,051	56,709	44,668	32,830	38,610
Common Stock	22,675	1,906	1,896	1,906	1,716	1,894
Additional Paid-In Capital	-	3,254	3,087	3,087	-	-
Retained Earnings	-	18,778	17,249	16,138	8,891	18,703
Treasury Stock	-	-	-	-	-	-144.46
Comprehensive Income & Other	-	-	-	-	6,672	-
Total Common Equity	22,675	23,938	22,232	21,131	17,279	20,453
Minority Interest	-	45.95	39.21	41	45.96	-
Shareholders' Equity	22,675	23,984	22,271	21,172	17,325	20,453
Total Liabilities & Equity	87,231	85,035	78,980	65,840	50,154	59,063
Filing Date Shares Outstanding	1,906	1,906	1,896	1,906	1,717	1,750
Total Common Shares Outstanding	1,906	1,906	1,896	1,906	1,717	1,750
Total Debt	11,903	25,988	21,906	13,439	3,984	3,775
Net Cash (Debt)	-8,630	-24,238	-19,584	-11,169	-1,603	-2,222
Net Cash Per Share	-4.53	-12.76	-10.02	-5.86	-0.93	-1.27
Book Value Per Share	11.90	12.56	11.73	11.09	10.06	11.69
Tangible Book Value	17,053	19,380	17,498	17,648	15,864	18,992
Tangible Book Value Per Share	8.95	10.17	9.23	9.26	9.24	10.85
Buildings	-	112.97	112.97	113.84	113.84	113.84
Machinery	-	1,874	1,713	1,521	1,400	1,381

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