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	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	71.11	65.23	88.61	9.74	5.58
Investments in Equity & Preferred Securities	0.39	5.23	23.92	23.6	23.48
Policy Loans	-	-	-	-	8.04
Other Investments	58.28	33.46	73.18	114.57	201.75
Total Investments	2,334	2,264	2,261	2,110	2,552
Cash & Equivalents	50.24	81.9	47.98	137.29	71.44
Reinsurance Recoverable	11.12	11.82	13.36	23.59	33.63
Other Receivables	27.95	28.56	28.81	32.97	27.33
Deferred Policy Acquisition Cost	3.7	2	0.81	0.31	8.59
Property, Plant & Equipment	18.22	18.82	18.78	19.09	19.46
Other Intangible Assets	33.07	32.41	29.92	27.84	22.46
Other Current Assets	8.04	5.27	7.61	8.14	4.67
Long-Term Deferred Tax Assets	2.4	2.53	2.12	8.75	2.31
Other Long-Term Assets	1.7	6.2	2.8	2.16	90.24
Total Assets	2,491	2,454	2,413	2,370	2,832
Accrued Expenses	17.92	16.38	17.12	13.54	14.15
Insurance & Annuity Liabilities	2,235	2,207	2,187	2,051	2,406
Unpaid Claims	-	-	-	-	101.48
Unearned Premiums	-	-	-	-	37.95
Reinsurance Payable	15.23	17.07	15.49	10.75	0.17
Current Portion of Leases	0.5	0.4	0.4	0.4	0.4
Current Income Taxes Payable	1.9	2.44	3.8	42.57	0.84
Long-Term Leases	1.65	1.39	1.26	1.13	1.47
Long-Term Deferred Tax Liabilities	15.11	14.34	14.08	18.79	42.6
Other Current Liabilities	0.64	6.82	-	-	0.78
Other Long-Term Liabilities	3.41	2.84	0.67	72.23	0.22
Total Liabilities	2,293	2,270	2,242	2,212	2,610
Common Stock	19.32	19.32	19.32	19.32	19.32
Additional Paid-In Capital	0.69	0.69	0.69	0.69	0.69
Retained Earnings	85.68	75.54	67.52	59.95	46.21
Comprehensive Income & Other	1.3	0.8	0.64	0.27	44.82
Total Common Equity	106.99	96.35	88.17	80.22	111.04
Minority Interest	91.25	87.17	82.69	78.1	110.93
Shareholders' Equity	198.24	183.52	170.86	158.33	221.97
Total Liabilities & Equity	2,491	2,454	2,413	2,370	2,832
Filing Date Shares Outstanding	92	92	92	92	92
Total Common Shares Outstanding	92	92	92	92	92
Total Debt	2.15	1.79	1.66	1.53	1.87
Net Cash (Debt)	48.1	80.11	46.31	135.76	69.58
Net Cash Growth	-39.96%	72.97%	-65.88%	95.12%	-27.55%
Net Cash Per Share	0.52	0.87	0.50	1.48	0.76
Book Value Per Share	1.16	1.05	0.96	0.87	1.21
Tangible Book Value	73.92	63.94	58.25	52.38	88.58
Tangible Book Value Per Share	0.80	0.69	0.63	0.57	0.96
Land	13.53	14.31	14.07	13.9	14.2
Machinery	9.74	9.16	9.45	9.14	8.39
Leasehold Improvements	3.59	3.5	4.38	4.22	3.64

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