Old Mutual Balance Sheet

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

Millions ZAR. 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	297,959	247,647	226,852	226,966	218,316
Investments in Equity & Preferred Securities	423,213	349,259	338,317	1,065	348,238
Other Investments	474,536	439,995	393,766	665,438	333,742
Total Investments	1,244,358	1,083,807	1,014,254	944,658	943,826
Cash & Equivalents	40,185	38,612	38,121	37,467	32,931
Reinsurance Recoverable	8,393	8,563	8,798	8,071	16,128
Other Receivables	39,388	38,665	34,642	28,976	30,013
Deferred Policy Acquisition Cost	370	408	431	478	1,901
Property, Plant & Equipment	8,980	8,859	9,598	8,259	9,155
Goodwill	1,728	1,758	1,694	1,707	1,404
Other Intangible Assets	6,549	6,511	6,139	5,227	4,830
Restricted Cash	-	-	133	173	195
Other Current Assets	10,470	40,005	35,063	20,040	5,839
Long-Term Deferred Tax Assets	3,271	3,767	3,945	4,740	2,455
Other Long-Term Assets	4,231	3,800	4,208	4,949	5,177
Total Assets	1,367,923	1,234,755	1,157,026	1,064,745	1,053,854
Accounts Payable	1,242	1,304	1,881	2,099	1,481
Accrued Expenses	5,924	5,819	5,410	4,908	4,901
Insurance & Annuity Liabilities	758,747	664,874	619,863	581,850	155,672
Unpaid Claims	113	123	113	90	11,827
Unearned Premiums	-	-	-	-	3,400
Reinsurance Payable	2,381	2,438	1,706	903	166
Current Portion of Long-Term Debt	3,247	7,689	6,687	3,028	1,738
Short-Term Debt	30,264	22,898	28,653	27,070	16,085
Current Income Taxes Payable	1,008	767	453	712	499
Long-Term Debt	23,853	25,084	32,833	33,220	31,160
Long-Term Leases	1,545	1,296	787	777	847
Long-Term Deferred Tax Liabilities	13,248	6,540	5,232	3,370	6,453
Other Current Liabilities	139,553	119,570	109,548	102,749	77,705
Other Long-Term Liabilities	321,582	312,532	283,168	241,765	673,802
Total Liabilities	1,304,865	1,172,990	1,098,451	1,004,545	988,553
Common Stock	230	234	238	244	85
Retained Earnings	73,597	70,905	67,297	66,210	68,003
Comprehensive Income & Other	-13,689	-12,364	-11,475	-8,869	-5,914
Total Common Equity	60,138	58,775	56,060	57,585	62,174
Minority Interest	2,920	2,990	2,515	2,615	3,127
Shareholders' Equity	63,058	61,765	58,575	60,200	65,301
Total Liabilities & Equity	1,367,923	1,234,755	1,157,026	1,064,745	1,053,854
Filing Date Shares Outstanding	4,200	4,295	4,356	4,411	4,709
Total Common Shares Outstanding	4,200	4,295	4,356	4,411	4,709
Total Debt	58,909	56,967	68,960	64,095	49,830
Net Cash (Debt)	-18,724	-18,355	-30,839	-26,628	-16,899
Net Cash Per Share	-4.23	-4.08	-6.73	-5.77	-3.78
Book Value Per Share	14.32	13.68	12.87	13.05	13.20
Tangible Book Value	51,861	50,506	48,227	50,651	55,940
Tangible Book Value Per Share	12.35	11.76	11.07	11.48	11.88
Land	2,029	492	723	1,637	680
Buildings	5,307	6,783	6,515	5,800	7,108
Machinery	4,287	4,079	4,986	4,268	4,138

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