Lancashire Holdings Balance Sheet

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

Millions USD. 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	2,642	2,418	2,064	1,815	1,626
Investments in Equity & Preferred Securities	4.8	9.1	16.2	59.7	118.7
Other Investments	14.7	32.6	73.8	21.3	44.4
Total Investments	2,961	2,721	2,329	2,136	2,057
Cash & Equivalents	443.7	573.2	573.2	344.4	298.7
Reinsurance Recoverable	717.8	557.2	387.8	474.3	574.8
Other Receivables	279.9	195.7	215.7	168.8	626.1
Deferred Policy Acquisition Cost	-	-	-	-	121.6
Property, Plant & Equipment	30.9	24.9	29.1	21.4	14.2
Goodwill	71.2	71.2	71.2	71.2	71.2
Other Intangible Assets	181.8	125.8	109.9	101.2	86.7
Restricted Cash	117.7	111.1	183.7	204.4	219
Other Current Assets	-	0.2	2	2.5	0.6
Total Assets	4,804	4,380	3,902	3,524	4,070
Accrued Expenses	7.2	7.2	-	-	7.2
Insurance & Annuity Liabilities	2,712	2,300	1,824	1,674	1,311
Unearned Premiums	-	-	-	-	597.9
Reinsurance Payable	-	-	-	-	205.6
Current Portion of Long-Term Debt	25.3	25.3	25.3	25.3	25.3
Current Portion of Leases	4.7	4.9	3.2	2.2	2.8
Current Income Taxes Payable	-	2.7	2	-	1.6
Long-Term Debt	422.2	421.7	421.3	420.8	420.4
Long-Term Leases	25	17.4	21.5	21.1	15.1
Long-Term Deferred Tax Liabilities	15.6	22.3	16.2	10.3	12.2
Other Current Liabilities	82.6	84.7	80.6	44.6	30.2
Other Long-Term Liabilities	-	-	-	-	27
Total Liabilities	3,295	2,887	2,394	2,198	2,657
Common Stock	122	122	122	122	122
Additional Paid-In Capital	1,190	1,193	1,191	1,189	1,187
Retained Earnings	146.4	149.5	182.4	16.2	83.9
Treasury Stock	-8.7	-20.5	-29.7	-34	-18.1
Comprehensive Income & Other	60	49.1	42.6	33.3	37.2
Total Common Equity	1,509	1,493	1,508	1,326	1,412
Minority Interest	-	-	-	-	0.5
Shareholders' Equity	1,509	1,493	1,508	1,326	1,413
Total Liabilities & Equity	4,804	4,380	3,902	3,524	4,070
Filing Date Shares Outstanding	242.56	240.58	239.04	238.33	241.84
Total Common Shares Outstanding	242.56	240.58	239.04	238.33	241.84
Total Debt	477.2	469.3	471.3	469.4	463.6
Net Cash (Debt)	-33.5	103.9	101.9	-125	-164.9
Net Cash Growth	-	1.96%	-	-	-
Net Cash Per Share	-0.13	0.42	0.42	-0.51	-0.68
Book Value Per Share	6.22	6.21	6.31	5.56	5.84
Tangible Book Value	1,256	1,296	1,327	1,154	1,254
Tangible Book Value Per Share	5.18	5.39	5.55	4.84	5.19

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