Forge Group Balance Sheet

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
Investments in Debt Securities	32.88	31.91	27.97	26.2	22.17
Investments in Equity & Preferred Securities	2.54	6.06	8.14	8.78	9.99
Other Investments	5.59	-	-	-	-
Total Investments	41.01	37.97	36.11	34.98	32.16
Cash & Equivalents	19.22	10.6	6.97	6.36	7.93
Reinsurance Recoverable	3.53	2.01	0.69	1.07	0.92
Other Receivables	12.64	14.72	10.98	5.77	5.1
Deferred Policy Acquisition Cost	0.53	0.49	0.3	0.21	0.74
Property, Plant & Equipment	30.56	31.29	32.2	33.1	35.76
Goodwill	-	4.51	4.51	4.51	-
Other Intangible Assets	5.54	1.3	1.57	1.84	-
Restricted Cash	0.25	0.24	0.23	0.21	0.19
Long-Term Deferred Charges	2.47	-	-	2.22	4.59
Other Long-Term Assets	2.43	1.58	2.01	0.81	0.51
Total Assets	118.17	104.71	95.55	91.06	87.9
Accrued Expenses	3.62	2.85	2.44	1.47	1.73
Unpaid Claims	17.23	12.34	8.43	8.48	9.68
Unearned Premiums	17.84	15.67	10.28	6.32	4.39
Reinsurance Payable	0.06	0.09	0.04	0.05	0
Current Portion of Long-Term Debt	-	5.45	0.81	0.73	-
Short-Term Debt	-	-	-	-	0.4
Long-Term Debt	24.88	20.16	25.51	26.23	27.52
Long-Term Leases	0.14	0.3	0.73	0.87	2.57
Other Long-Term Liabilities	0.92	0.69	1.11	0.5	0.26
Total Liabilities	64.69	57.55	49.68	45.13	46.83
Common Stock	0.02	0.02	0.02	0.02	-
Additional Paid-In Capital	22.16	21.82	21.83	21.4	-
Retained Earnings	32.76	27.96	27.37	28.44	40.93
Treasury Stock	-0.28	-0.21	-0.07	-	-
Comprehensive Income & Other	-1.89	-3.13	-3.98	-4.64	-0.58
Total Common Equity	52.77	46.45	45.17	45.22	40.35
Minority Interest	0.71	0.7	0.7	0.71	0.72
Shareholders' Equity	53.48	47.15	45.87	45.93	41.07
Total Liabilities & Equity	118.17	104.71	95.55	91.06	87.9
Filing Date Shares Outstanding	2.06	2.04	2.05	2.05	2.05
Total Common Shares Outstanding	2.06	2.04	2.05	2.05	2.05
Total Debt	25.02	25.91	27.05	27.83	30.49
Net Cash (Debt)	-5.8	-15.31	-20.09	-21.47	-22.56
Net Cash Per Share	-2.82	-5.78	-9.80	-10.47	-11.01
Book Value Per Share	25.65	22.72	22.03	22.06	19.68
Tangible Book Value	47.23	40.64	39.1	38.88	40.35
Tangible Book Value Per Share	22.95	19.88	19.07	18.97	19.68
Land	-	12	12	12	12
Buildings	-	21.46	21.46	21.46	21.46
Machinery	-	1.08	1.08	1.08	1.08
Leasehold Improvements	-	0.93	0.93	0.93	0.91

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