M&G plc Balance Sheet

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

Millions GBP. 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	66,908	69,775	70,683	62,821	81,059
Investments in Equity & Preferred Securities	70,999	65,174	66,535	70,540	74,538
Policy Loans	-	-	-	2	2
Total Investments	152,986	151,225	154,501	151,764	179,516
Cash & Equivalents	4,904	4,838	5,148	4,884	6,908
Reinsurance Recoverable	1,067	1,043	1,099	1,082	1,669
Other Receivables	6,608	4,854	4,694	4,034	4,610
Deferred Policy Acquisition Cost	25	19	23	31	94
Property, Plant & Equipment	1,537	1,654	2,065	1,953	2,536
Goodwill	1,442	1,458	1,519	1,535	1,391
Other Intangible Assets	312	256	296	342	224
Other Current Assets	21,255	18,345	19,373	24,933	22,029
Long-Term Deferred Tax Assets	422	487	443	445	119
Other Long-Term Assets	43	45	19	155	38
Total Assets	190,601	184,224	189,180	191,158	219,134
Accounts Payable	2,739	2,409	3,943	4,607	3,836
Accrued Expenses	997	979	1,327	1,424	1,529
Insurance & Annuity Liabilities	146,481	140,320	142,135	141,976	63,379
Unpaid Claims	1,064	944	-	-	-
Reinsurance Payable	260	280	357	348	299
Current Portion of Long-Term Debt	556	617	532	450	598
Current Portion of Leases	40	50	29	35	25
Current Income Taxes Payable	123	81	97	58	359
Long-Term Debt	5,963	5,869	7,115	7,087	8,332
Long-Term Leases	353	375	358	385	388
Long-Term Deferred Tax Liabilities	1,040	705	682	795	1,419
Other Current Liabilities	15,844	17,384	17,723	18,449	3,573
Other Long-Term Liabilities	11,638	10,577	10,452	11,185	129,885
Total Liabilities	187,413	180,901	185,096	186,847	213,789
Common Stock	121	120	119	119	130
Additional Paid-In Capital	391	383	379	370	370
Retained Earnings	14,279	14,435	15,223	15,504	16,550
Treasury Stock	-6	-6	-21	-47	-1
Comprehensive Income & Other	-11,649	-11,651	-11,659	-11,683	-11,753
Total Common Equity	3,136	3,281	4,041	4,263	5,296
Minority Interest	52	42	43	48	49
Shareholders' Equity	3,188	3,323	4,084	4,311	5,345
Total Liabilities & Equity	190,601	184,224	189,180	191,158	219,134
Filing Date Shares Outstanding	2,382	2,367	2,328	2,307	2,545
Total Common Shares Outstanding	2,381	2,367	2,328	2,307	2,545
Total Debt	6,912	6,911	8,034	7,957	9,343
Net Cash (Debt)	-2,008	-2,073	-2,886	-3,073	-2,435
Net Cash Per Share	-0.82	-0.87	-1.20	-1.24	-0.95
Book Value Per Share	1.32	1.39	1.74	1.85	2.08
Tangible Book Value	1,382	1,567	2,226	2,386	3,681
Tangible Book Value Per Share	0.58	0.66	0.96	1.03	1.45

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.