Ayalon Insurance Company Balance Sheet

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

Millions ILS. 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	-	916.72	917.12	681.93	641
Investments in Equity & Preferred Securities	15.95	25.8	22.22	14.31	96.66
Other Investments	13,387	4,523	3,820	3,266	3,365
Total Investments	14,514	11,544	10,278	9,095	9,769
Cash & Equivalents	464.24	629.34	542.97	457.54	273.97
Reinsurance Recoverable	3,914	4,796	4,795	3,905	4,074
Other Receivables	139.65	722.56	676.45	678.95	683.35
Deferred Policy Acquisition Cost	-	513.2	467.33	423.87	417.85
Property, Plant & Equipment	249.97	245.74	239.14	238.34	245.24
Goodwill	-	17.51	13.6	13.6	13.6
Other Intangible Assets	391.81	342.38	309.3	254.83	201.78
Restricted Cash	381.62	91.54	141.74	272.52	192.59
Other Current Assets	-	133.26	136.41	140.79	119.27
Long-Term Deferred Tax Assets	3.68	23.18	70.92	84.79	8.23
Long-Term Deferred Charges	11.14	-	-	-	-
Other Long-Term Assets	-	9.24	5.35	12.66	20.16
Total Assets	20,070	19,067	17,676	15,578	16,019
Accounts Payable	-	49.29	40.37	24.47	28.49
Accrued Expenses	-	191.29	185.45	180.02	138.51
Insurance & Annuity Liabilities	2,683	15,537	14,360	12,804	13,266
Unearned Premiums	-	71.47	63.15	18.81	11.16
Reinsurance Payable	14,610	1,180	1,237	882.04	866.34
Current Portion of Long-Term Debt	11.33	6.09	6.75	60.67	0.3
Current Income Taxes Payable	78.43	38.11	4.7	-	-
Long-Term Debt	690.27	700.48	717.08	699.78	759.29
Long-Term Leases	-	33.86	33.78	32.88	34.28
Long-Term Deferred Tax Liabilities	198.61	103.21	83.68	79.09	88.56
Other Long-Term Liabilities	208.73	124.62	117.86	101.26	81.77
Total Liabilities	18,550	18,095	16,906	14,938	15,338
Common Stock	408.08	266.59	225.28	220.67	220.67
Additional Paid-In Capital	-	130.86	57.18	3.92	227.65
Retained Earnings	985.28	573.89	485.78	413.68	230.92
Comprehensive Income & Other	125.94	-	-	-	-
Total Common Equity	1,519	971.34	768.23	638.27	679.24
Minority Interest	1.41	1.4	1.68	1.65	1.61
Shareholders' Equity	1,521	972.74	769.91	639.92	680.85
Total Liabilities & Equity	20,070	19,067	17,676	15,578	16,019
Filing Date Shares Outstanding	27.23	24.96	18.2	18.2	18.2
Total Common Shares Outstanding	27.23	24.96	18.2	18.2	18.2
Total Debt	701.6	740.43	757.6	793.34	793.87
Net Cash (Debt)	-237.36	-111.09	-214.63	-335.8	-519.9
Net Cash Per Share	-8.91	-4.21	-8.21	-16.38	-28.57
Book Value Per Share	55.79	38.92	42.22	35.07	37.33
Tangible Book Value	1,127	611.46	445.34	369.84	463.87
Tangible Book Value Per Share	41.40	24.50	24.47	20.32	25.49
Land	-	296.32	288.38	276.94	271.95
Machinery	-	144.82	130.97	119.84	115.08
Leasehold Improvements	-	21.95	21.79	21.61	21.45

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