MAPFRE Middlesea p.l.c. Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	-	65.23	88.61	9.74	5.58	1.53
Investments in Equity & Preferred Securities	5.4	5.23	23.92	23.6	23.48	26.07
Policy Loans	-	-	-	-	8.04	8.21
Other Investments	2,159	33.46	73.18	114.57	201.75	218.45
Total Investments	2,270	2,264	2,261	2,110	2,552	2,396
Cash & Equivalents	80.06	81.9	47.98	137.29	71.44	97.06
Reinsurance Recoverable	11.86	11.82	13.36	23.59	33.63	32.49
Other Receivables	42.78	28.56	28.81	32.97	27.33	29.83
Deferred Policy Acquisition Cost	-	2	0.81	0.31	8.59	8.34
Property, Plant & Equipment	19.27	18.82	18.78	19.09	19.46	18.84
Other Intangible Assets	35.18	32.41	29.92	27.84	22.46	17.38
Other Current Assets	-	5.27	7.61	8.14	4.67	5.8
Long-Term Deferred Tax Assets	2.5	2.53	2.12	8.75	2.31	2.35
Other Long-Term Assets	-	6.2	2.8	2.16	90.24	79.11
Total Assets	2,462	2,454	2,413	2,370	2,832	2,687
Accrued Expenses	-	16.45	17.12	13.54	14.15	12.12
Insurance & Annuity Liabilities	2,008	2,028	2,064	2,051	2,406	2,318
Unpaid Claims	-	-	-	-	101.48	96.43
Unearned Premiums	-	-	-	-	37.95	34.97
Reinsurance Payable	17.7	17.07	15.49	10.75	0.17	0.17
Current Portion of Leases	-	0.4	0.4	0.4	0.4	0.03
Current Income Taxes Payable	3.28	2.44	3.8	42.57	0.84	1.84
Long-Term Leases	2.33	1.39	1.26	1.13	1.47	0.99
Long-Term Deferred Tax Liabilities	14.37	14.34	14.08	18.79	42.6	37.47
Other Current Liabilities	-	6.82	-	-	0.78	0.17
Other Long-Term Liabilities	228.89	181.64	123.92	72.23	0.22	0.26
Total Liabilities	2,275	2,270	2,242	2,212	2,610	2,506
Common Stock	19.32	19.32	19.32	19.32	19.32	19.32
Additional Paid-In Capital	0.69	0.69	0.69	0.69	0.69	0.69
Retained Earnings	77.72	75.54	67.52	59.95	46.21	41.77
Comprehensive Income & Other	0.94	0.8	0.64	0.27	44.82	38.83
Total Common Equity	98.67	96.35	88.17	80.22	111.04	100.6
Minority Interest	88.52	87.17	82.69	78.1	110.93	80.7
Shareholders' Equity	187.18	183.52	170.86	158.33	221.97	181.3
Total Liabilities & Equity	2,462	2,454	2,413	2,370	2,832	2,687
Filing Date Shares Outstanding	91.75	92	92	92	92	92
Total Common Shares Outstanding	91.75	92	92	92	92	92
Total Debt	2.33	1.79	1.66	1.53	1.87	1.02
Net Cash (Debt)	77.73	80.11	46.31	135.76	69.58	96.04
Net Cash Growth	41.81%	72.97%	-65.88%	95.12%	-27.55%	36.92%
Net Cash Per Share	0.84	0.87	0.50	1.48	0.76	1.04
Book Value Per Share	1.08	1.05	0.96	0.87	1.21	1.09
Tangible Book Value	63.48	63.94	58.25	52.38	88.58	83.22
Tangible Book Value Per Share	0.69	0.69	0.63	0.57	0.96	0.90
Land	-	14.31	14.07	13.9	14.2	14.42
Machinery	-	9.16	9.45	9.14	8.39	7.84
Leasehold Improvements	-	3.5	4.38	4.22	3.64	3.37

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