Forge Group Income Statement

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

Millions USD. 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
Premiums & Annuity Revenue	31.13	22.06	15.01	9.4	7.91
Total Interest & Dividend Income	4.45	4.01	3.82	3.49	3.33
Gain (Loss) on Sale of Investments	0.67	0.45	-0.25	-1.97	1.24
Other Revenue	0.08	-0.19	-0.03	0.11	0.05
Total Revenue	36.34	26.34	18.56	11.03	12.53
Revenue Growth (YoY)	37.96%	41.93%	68.27%	-12.01%	0.16%
Policy Benefits	15.49	11.48	7.6	11.82	5.17
Policy Acquisition & Underwriting Costs	12.97	11.11	8.82	8.17	5.26
Depreciation & Amortization	1.19	1.18	1.25	1.34	1.09
Selling, General & Administrative	0.26	0.28	0.25	0.3	0.35
Other Operating Expenses	-	-	-0	-	-0.02
Total Operating Expenses	29.9	24.06	17.93	21.62	11.84
Operating Income	6.44	2.28	0.63	-10.59	0.69
Interest Expense	-1.12	-1.13	-1.16	-1.29	-1.31
EBT Excluding Unusual Items	5.32	1.15	-0.53	-11.89	-0.62
Other Unusual Items	-	-	-0.33	0.4	-
Pretax Income	5.32	1.15	-0.87	-11.48	-0.62
Income Tax Expense	0.04	0.09	-0.25	0.64	0.1
Earnings From Continuing Ops.	5.27	1.05	-0.61	-12.12	-0.73
Minority Interest in Earnings	-0.01	-0	0.01	0.01	0.03
Net Income	5.27	1.05	-0.6	-12.11	-0.7
Net Income to Common	5.27	1.05	-0.6	-12.11	-0.7
Net Income Growth	400.18%	-	-	-	-
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	3	2	2	2
Shares Change (YoY)	-22.28%	29.13%	0.01%	-	-
EPS (Basic)	2.56	0.51	-0.29	-5.91	-0.34
EPS (Diluted)	2.56	0.40	-0.29	-5.91	-0.34
EPS Growth	539.94%	-	-	-	-
Operating Margin	17.72%	8.64%	3.39%	-96.08%	5.49%
Profit Margin	14.49%	4.00%	-3.25%	-109.80%	-5.60%
EBITDA	7.53	3.37	1.79	-9.26	1.75
EBITDA Margin	20.72%	12.78%	9.64%	-83.96%	13.98%
D&A For EBITDA	1.09	1.09	1.16	1.34	1.06
EBIT	6.44	2.28	0.63	-10.59	0.69
EBIT Margin	17.72%	8.64%	3.39%	-96.08%	5.49%
Effective Tax Rate	0.83%	8.07%	-	-	-
Revenue as Reported	36.34	26.34	18.22	11.43	12.53

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.