Forge Group Balance Sheet

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

Millions USD. 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	35.59	31.91	27.97	26.2	22.17	31.53
Investments in Equity & Preferred Securities	3.04	6.06	8.14	8.78	9.99	6.95
Total Investments	43.49	37.97	36.11	34.98	32.16	38.48
Cash & Equivalents	13.2	10.6	6.97	6.36	7.93	4.18
Reinsurance Recoverable	2.34	2.01	0.69	1.07	0.92	1.2
Other Receivables	13.62	14.72	10.98	5.77	5.1	3.93
Deferred Policy Acquisition Cost	0.54	0.49	0.3	0.21	0.74	0.38
Property, Plant & Equipment	30.77	31.29	32.2	33.1	35.76	37.02
Goodwill	-	4.51	4.51	4.51	-	-
Other Intangible Assets	5.61	1.3	1.57	1.84	-	-
Restricted Cash	0.25	0.24	0.23	0.21	0.19	0.18
Long-Term Deferred Charges	2.44	-	-	2.22	4.59	2.4
Other Long-Term Assets	1.22	1.58	2.01	0.81	0.51	0.53
Total Assets	113.47	104.71	95.55	91.06	87.9	88.29
Accrued Expenses	3.09	2.85	2.44	1.47	1.73	1.33
Unpaid Claims	-	12.34	8.43	8.48	9.68	9.86
Unearned Premiums	18.33	15.67	10.28	6.32	4.39	3.3
Reinsurance Payable	0.05	0.09	0.04	0.05	0	0
Current Portion of Long-Term Debt	-	5.45	0.81	0.73	-	0.5
Short-Term Debt	-	-	-	-	0.4	-
Long-Term Debt	25.02	20.16	25.51	26.23	27.52	27.52
Long-Term Leases	0.16	0.3	0.73	0.87	2.57	2.83
Other Long-Term Liabilities	0.02	0.69	1.11	0.5	0.26	0.31
Total Liabilities	63.28	57.55	49.68	45.13	46.83	46.1
Common Stock	0.02	0.02	0.02	0.02	-	41.63
Additional Paid-In Capital	22.26	21.82	21.83	21.4	-	-
Retained Earnings	30.06	27.96	27.37	28.44	40.93	-
Treasury Stock	-0.28	-0.21	-0.07	-	-	-
Comprehensive Income & Other	-2.57	-3.13	-3.98	-4.64	-0.58	-0.18
Total Common Equity	49.49	46.45	45.17	45.22	40.35	41.45
Minority Interest	0.7	0.7	0.7	0.71	0.72	0.75
Shareholders' Equity	50.19	47.15	45.87	45.93	41.07	42.19
Total Liabilities & Equity	113.47	104.71	95.55	91.06	87.9	88.29
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	25.18	25.91	27.05	27.83	30.49	30.85
Net Cash (Debt)	-11.98	-15.31	-20.09	-21.47	-22.56	-26.67
Net Cash Per Share	-5.82	-5.78	-9.80	-10.47	-11.01	-
Book Value Per Share	24.05	22.72	22.03	22.06	19.68	-
Tangible Book Value	43.89	40.64	39.1	38.88	40.35	41.45
Tangible Book Value Per Share	21.33	19.88	19.07	18.97	19.68	-
Land	-	12	12	12	12	12
Buildings	-	21.46	21.46	21.46	21.46	21.46
Machinery	-	1.08	1.08	1.08	1.08	1.08
Leasehold Improvements	-	0.93	0.93	0.93	0.91	0.91

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