Ayalon Insurance Company Balance Sheet

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-	389.17	399.78	917.12	681.93	641
Investments in Equity & Preferred Securities	16.88	26.48	27.65	22.22	14.31	96.66
Other Investments	14,760	6,578	4,705	3,820	3,266	3,365
Total Investments	15,889	14,432	11,537	10,278	9,095	9,769
Cash & Equivalents	499.04	464.24	625.19	542.97	457.54	273.97
Reinsurance Recoverable	3,607	3,546	3,542	4,795	3,905	4,074
Other Receivables	553.87	400.58	276.82	676.45	678.95	683.35
Deferred Policy Acquisition Cost	-	-	-	467.33	423.87	417.85
Property, Plant & Equipment	247.07	249.97	246.21	239.14	238.34	245.24
Goodwill	-	18.87	17.51	13.6	13.6	13.6
Other Intangible Assets	384.51	372.93	351.14	309.3	254.83	201.78
Restricted Cash	313.44	381.62	83.09	141.74	272.52	192.59
Other Current Assets	-	188.65	145.07	136.41	140.79	119.27
Long-Term Deferred Tax Assets	3.66	3.68	4.43	70.92	84.79	8.23
Long-Term Deferred Charges	17.15	11.14	4.04	-	-	-
Other Long-Term Assets	-	-	-	5.35	12.66	20.16
Total Assets	21,514	20,070	16,833	17,676	15,578	16,019
Accounts Payable	-	32.98	36.56	40.37	24.47	28.49
Accrued Expenses	-	166.93	98.95	185.45	180.02	138.51
Insurance & Annuity Liabilities	18,690	17,293	14,585	14,360	12,804	13,266
Unearned Premiums	-	-	-	63.15	18.81	11.16
Reinsurance Payable	0.57	0.56	0.36	1,237	882.04	866.34
Current Portion of Long-Term Debt	22.71	11.33	6.09	6.75	60.67	0.3
Current Income Taxes Payable	50.95	78.43	38.11	4.7	-	-
Long-Term Debt	688.64	660.3	700.48	717.08	699.78	759.29
Long-Term Leases	-	29.97	33.86	33.78	32.88	34.28
Long-Term Deferred Tax Liabilities	195	198.61	162.28	83.68	79.09	88.56
Other Long-Term Liabilities	188.59	17.22	18.51	117.86	101.26	81.77
Total Liabilities	19,911	18,550	15,739	16,906	14,938	15,338
Common Stock	408.08	408.08	266.59	225.28	220.67	220.67
Additional Paid-In Capital	-	118.19	114.32	57.18	3.92	227.65
Retained Earnings	1,067	985.28	711.83	485.78	413.68	230.92
Comprehensive Income & Other	127.2	7.74	-	-	-	-
Total Common Equity	1,602	1,519	1,093	768.23	638.27	679.24
Minority Interest	1.43	1.41	1.4	1.68	1.65	1.61
Shareholders' Equity	1,604	1,521	1,094	769.91	639.92	680.85
Total Liabilities & Equity	21,514	20,070	16,833	17,676	15,578	16,019
Filing Date Shares Outstanding	27.25	27.23	24.96	18.2	18.2	18.2
Total Common Shares Outstanding	27.25	27.23	24.96	18.2	18.2	18.2
Total Debt	711.34	701.6	740.43	757.6	793.34	793.87
Net Cash (Debt)	-212.3	-237.36	-115.24	-214.63	-335.8	-519.9
Net Cash Per Share	-7.71	-8.87	-4.37	-8.21	-16.38	-28.57
Book Value Per Share	58.79	55.79	43.78	42.22	35.07	37.33
Tangible Book Value	1,218	1,127	724.1	445.34	369.84	463.87
Tangible Book Value Per Share	44.68	41.40	29.01	24.47	20.32	25.49
Land	-	270.49	258.19	288.38	276.94	271.95
Machinery	-	141.36	132.9	130.97	119.84	115.08
Leasehold Improvements	-	21.98	21.95	21.79	21.61	21.45