Swan General 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	-	-	16,282	17,717	15,416	11,509
Investments in Equity & Preferred Securities	-	-	321.62	305.03	226.43	162.34
Other Investments	-	-	34,707	30,147	33,513	28,055
Total Investments	-	-	51,851	48,578	49,577	40,152
Cash & Equivalents	-	-	1,905	2,573	2,956	3,553
Reinsurance Recoverable	1,248	879.06	996.78	884.52	957.21	786.12
Other Receivables	-	0.57	10,460	6,397	9,099	8,772
Property, Plant & Equipment	-	-	448.15	376.81	390.52	403.68
Goodwill	-	-	83.05	83.05	66.35	66.35
Other Intangible Assets	-	-	112.25	53.04	42.52	60.3
Other Current Assets	-	-	92.86	92.64	143.9	130.74
Long-Term Deferred Tax Assets	-	-	162.33	76.85	78.49	74.48
Other Long-Term Assets	79,443	76,106	2.61	3.61	5.7	7.6
Total Assets	80,691	76,986	66,113	59,118	63,317	54,006
Accounts Payable	-	-	-	-	672.39	617.12
Accrued Expenses	-	-	-	-	56.75	97.49
Insurance & Annuity Liabilities	52,101	49,325	44,679	41,998	53,138	45,397
Unpaid Claims	-	-	49.51	53.66	1,285	1,212
Unearned Premiums	-	-	10,704	9,408	1,671	1,561
Reinsurance Payable	104.43	96.2	36.29	53.73	180.06	134.72
Current Portion of Long-Term Debt	-	-	640.14	-	-	-
Current Portion of Leases	-	-	11.36	8.32	6.92	6.55
Short-Term Debt	-	-	77.83	-	-	-
Current Income Taxes Payable	-	-	51.41	34.16	49.46	13.49
Long-Term Debt	-	-	639.42	1.43	-	-
Long-Term Leases	-	-	48.18	13.94	7.45	13.76
Long-Term Deferred Tax Liabilities	-	-	14.51	17.15	21.17	14.29
Other Current Liabilities	-	-	1,777	739.98	119.17	119.17
Other Long-Term Liabilities	19,422	19,104	-	159.4	160.23	161.07
Total Liabilities	71,628	68,525	59,135	53,013	57,787	49,751
Common Stock	41.38	41.38	41.38	41.38	41.38	41.38
Retained Earnings	6,526	6,032	5,007	4,657	4,026	3,452
Comprehensive Income & Other	978.75	1,009	774.33	556.73	862.86	272.06
Total Common Equity	7,546	7,082	5,822	5,255	4,930	3,766
Minority Interest	1,517	1,378	1,156	849.87	601.04	489.5
Shareholders' Equity	9,063	8,460	6,979	6,105	5,531	4,255
Total Liabilities & Equity	80,691	76,986	66,113	59,118	63,317	54,006
Filing Date Shares Outstanding	8.27	8.28	8.28	8.28	8.28	8.28
Total Common Shares Outstanding	8.27	8.28	8.28	8.28	8.28	8.28
Total Debt	-	-	1,417	23.69	14.38	20.3
Net Cash (Debt)	-	-	487.63	2,549	2,942	3,533
Net Cash Growth	-	-	-80.87%	-13.36%	-16.71%	-3.68%
Net Cash Per Share	-	-	58.92	308.02	355.50	426.85
Book Value Per Share	911.97	855.82	703.54	635.05	595.69	455.01
Tangible Book Value	7,546	7,082	5,627	5,119	4,821	3,639
Tangible Book Value Per Share	911.97	855.82	679.94	618.60	582.54	439.71
Land	-	-	423.99	440.66	444.96	431.45
Machinery	-	-	517.18	375.08	360.14	395.98

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