MUA Ltd 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	-	9,021	8,292	7,200	6,975	6,227
Investments in Equity & Preferred Securities	-	14.36	11.53	14.64	16.14	19.96
Other Investments	-	9,356	8,173	7,695	7,442	5,823
Total Investments	-	18,810	16,874	15,602	15,046	12,591
Cash & Equivalents	1,340	1,148	1,067	1,270	1,097	1,247
Reinsurance Recoverable	2,134	2,259	1,776	2,386	2,314	1,826
Other Receivables	-	839.22	848.66	2,385	2,033	1,957
Deferred Policy Acquisition Cost	-	-	-	275.77	244.5	212.13
Property, Plant & Equipment	-	415.8	386.82	484.92	463.69	472.96
Goodwill	-	297.38	290.73	418.89	434.19	434.19
Other Intangible Assets	-	166.54	210.55	272.08	301.83	298.91
Other Current Assets	-	18.96	205.79	34.68	49.89	110.51
Long-Term Deferred Tax Assets	-	69.1	45.56	44.16	39.1	52.62
Total Assets	24,963	24,024	21,706	23,174	22,023	19,203
Accounts Payable	-	-	-	0.5	37.3	36.06
Accrued Expenses	-	446.79	381.4	422	369.19	314.22
Insurance & Annuity Liabilities	15,446	15,281	13,890	9,058	8,902	8,886
Unpaid Claims	-	-	-	2,008	2,378	1,844
Unearned Premiums	-	-	-	2,750	2,471	2,204
Reinsurance Payable	-	-	-	613.56	440.77	296.64
Current Portion of Long-Term Debt	-	-	-	6.74	-	100
Current Portion of Leases	-	-	-	28.78	57.25	45.21
Current Income Taxes Payable	-	6.21	14.57	39.19	11.71	28.37
Long-Term Debt	-	1,028	1,015	800	604.22	504.2
Long-Term Leases	-	124.51	93.64	104.44	56.41	81.68
Long-Term Deferred Tax Liabilities	-	67.89	53.21	98.22	94.41	97.99
Other Current Liabilities	-	388.03	373.47	475.4	537.25	509.17
Other Long-Term Liabilities	4,875	2,269	1,792	1,444	1,298	-
Total Liabilities	20,321	19,639	17,635	17,865	17,272	14,964
Common Stock	1,662	1,662	1,662	1,662	1,198	1,138
Retained Earnings	2,284	1,998	1,702	2,669	2,591	2,346
Comprehensive Income & Other	239.23	247.08	276.99	179.89	168.34	56.48
Total Common Equity	4,186	3,908	3,641	4,511	3,958	3,540
Minority Interest	456.34	477.09	430.14	797.74	793.82	698.52
Shareholders' Equity	4,642	4,385	4,071	5,309	4,752	4,239
Total Liabilities & Equity	24,963	24,024	21,706	23,174	22,023	19,203
Filing Date Shares Outstanding	55.58	55.52	55.52	55.52	51.08	50.1
Total Common Shares Outstanding	55.58	55.52	55.52	55.52	51.08	50.1
Total Debt	-	1,153	1,109	939.96	717.88	731.1
Net Cash (Debt)	1,340	-4.28	-41.52	329.88	379.56	516.27
Net Cash Growth	-	-	-	-13.09%	-26.48%	-
Net Cash Per Share	24.05	-0.08	-0.75	6.22	7.43	11.12
Book Value Per Share	75.31	70.38	65.59	81.26	77.49	70.66
Tangible Book Value	4,186	3,444	3,140	3,820	3,222	2,807
Tangible Book Value Per Share	75.31	62.03	56.56	68.81	63.08	56.03
Land	-	-	-	40	40	40
Buildings	-	179.04	179.09	209.88	209.85	209.35
Machinery	-	524.93	467.85	454.19	413.36	398.96

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