Swan Life Balance Sheet

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

Millions MUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	-	-	-	-	15,121	11,239
Investments in Equity & Preferred Securities	-	-	36.14	33.88	34.71	25.67
Other Investments	-	-	28,762	25,832	30,416	26,065
Total Investments	-	-	29,339	26,274	45,993	37,755
Cash & Equivalents	6,594	7,197	4,696	4,170	2,550	2,734
Reinsurance Recoverable	-	-	-	-	10.96	7.02
Other Receivables	-	-	26,345	23,410	7,643	7,507
Property, Plant & Equipment	-	-	349.31	258.69	266.34	288.65
Goodwill	-	-	66.12	66.12	66.12	66.12
Other Intangible Assets	-	-	28.36	12.5	7.41	11.85
Other Current Assets	-	-	96.43	94.98	122.78	53.24
Long-Term Deferred Tax Assets	-	-	48.43	4.1	3.92	3.7
Other Long-Term Assets	67,324	64,033	2.61	3.61	5.7	7.6
Total Assets	73,918	71,230	60,971	54,294	56,669	48,434
Accounts Payable	-	-	-	-	9.04	51.07
Accrued Expenses	-	-	12.75	18.36	-	-
Insurance & Annuity Liabilities	49,628	47,468	42,733	40,372	53,051	45,323
Unpaid Claims	-	-	-	-	296.98	321.41
Unearned Premiums	-	-	-	-	54.64	45.43
Reinsurance Payable	104.43	96.2	85.8	97.19	-	-
Current Portion of Long-Term Debt	-	-	639.65	-	-	-
Current Portion of Leases	-	-	9.2	6.35	4.16	3.98
Short-Term Debt	-	-	77.83	-	-	-
Current Income Taxes Payable	-	-	45.95	30.25	46.01	8.29
Long-Term Debt	-	-	638.96	-	-	53.42
Long-Term Leases	-	-	48.01	11.52	3.72	7.89
Other Current Liabilities	-	-	1,534	511.18	687.31	643.16
Other Long-Term Liabilities	18,668	18,499	10,704	9,461	53.18	-
Total Liabilities	68,400	66,063	56,707	50,726	54,382	46,618
Common Stock	26.32	26.32	26.32	26.32	26.32	26.32
Retained Earnings	4,360	4,101	3,413	3,003	1,942	1,523
Comprehensive Income & Other	442.75	442.62	307.94	248.77	60.85	44.89
Total Common Equity	4,829	4,570	3,747	3,278	2,029	1,595
Minority Interest	689.14	596.72	517.18	290.11	258.08	221.59
Shareholders' Equity	5,518	5,166	4,264	3,568	2,287	1,816
Total Liabilities & Equity	73,918	71,230	60,971	54,294	56,669	48,434
Filing Date Shares Outstanding	2.63	2.63	2.63	2.63	2.63	2.63
Total Common Shares Outstanding	2.63	2.63	2.63	2.63	2.63	2.63
Total Debt	-	-	1,414	17.87	7.89	65.29
Net Cash (Debt)	6,594	7,197	3,282	4,152	2,542	2,669
Net Cash Growth	-8.10%	119.28%	-20.95%	63.36%	-4.77%	-15.28%
Net Cash Per Share	2504.99	2734.05	1246.87	1577.37	965.60	1014.00
Book Value Per Share	1834.50	1736.07	1423.49	1245.24	770.98	605.81
Tangible Book Value	4,829	4,570	3,652	3,199	1,956	1,517
Tangible Book Value Per Share	1834.50	1736.07	1387.59	1215.37	743.04	576.19
Land	-	-	308.95	308.95	308.95	312.45
Machinery	-	-	248.52	195.4	192.41	188.39

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