FRFHF 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	39,989	37,992	37,234	28,950	14,534
Investments in Equity & Preferred Securities	19,874	18,769	18,120	15,222	14,565
Other Investments	-	1,632	2,778	3,935	10,439
Total Investments	59,863	58,392	58,133	48,107	39,538
Cash & Equivalents	10,856	6,166	5,119	6,079	11,579
Reinsurance Recoverable	11,251	10,683	10,888	9,692	13,954
Other Receivables	1,006	2,531	2,520	2,119	5,802
Deferred Policy Acquisition Cost	-	-	-	-	1,924
Separate Account Assets	-	1,368	1,204	676.5	637.1
Property, Plant & Equipment	-	3,630	3,256	2,884	2,284
Goodwill	-	4,125	3,122	2,928	3,085
Other Intangible Assets	8,339	4,153	3,254	2,762	2,843
Restricted Cash	640.4	1,346	644.8	901.8	1,367
Other Current Assets	5,418	2,993	2,427	1,613	2,019
Long-Term Deferred Tax Assets	367.1	325	301.1	137.3	522.4
Other Long-Term Assets	10,047	1,064	1,117	921	1,090
Total Assets	107,788	96,777	91,985	78,819	86,645
Accounts Payable	6,120	-	-	-	-
Accrued Expenses	-	2,578	2,646	2,195	2,371
Insurance & Annuity Liabilities	50,779	47,748	46,378	40,218	37,295
Unearned Premiums	-	-	-	-	10,438
Reinsurance Payable	-	-	-	-	2,608
Current Portion of Long-Term Debt	-	-	279	-	-
Current Portion of Leases	-	-	-	-	251
Short-Term Debt	-	-	-	10	138.1
Current Income Taxes Payable	-	432.3	306.9	361	175
Long-Term Debt	13,643	11,754	9,445	8,615	7,615
Long-Term Leases	-	1,305	1,075	1,094	889.7
Long-Term Deferred Tax Liabilities	1,947	1,714	1,250	868	598.8
Separate Account Liability	-	577.3	626.5	595.8	621.7
Other Current Liabilities	4,425	558.6	695	453.5	630.6
Other Long-Term Liabilities	-	1,210	965.2	814.3	1,091
Total Liabilities	76,914	68,428	64,284	55,800	65,330
Preferred Stock, Redeemable	231.7	1,108	1,336	1,336	1,336
Common Stock	26,283	5,662	5,996	6,086	6,182
Retained Earnings	-	18,988	16,875	12,953	9,972
Treasury Stock	-	-1,039	-906.7	-891.3	-808.1
Comprehensive Income & Other	-	-651.1	-349.5	-367.2	-296.9
Total Common Equity	26,283	22,960	21,615	17,780	15,050
Minority Interest	4,360	4,281	4,750	3,903	4,930
Shareholders' Equity	30,874	28,349	27,701	23,019	21,315
Total Liabilities & Equity	107,788	96,777	91,985	78,819	86,645
Filing Date Shares Outstanding	21.08	22.35	23.69	23.23	23.77
Total Common Shares Outstanding	21.08	21.67	23	23.33	23.87
Total Debt	13,643	13,059	10,799	9,719	8,894
Net Cash (Debt)	-2,787	-6,892	-5,680	-3,640	2,686
Net Cash Per Share	-124.84	-285.23	-227.14	-143.64	97.81
Book Value Per Share	1246.68	1059.60	939.65	762.28	630.60
Tangible Book Value	17,943	14,682	15,239	12,091	9,121
Tangible Book Value Per Share	851.12	677.56	662.46	518.38	382.20

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