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	389.17	399.78	917.12	681.93	641
Investments in Equity & Preferred Securities	26.48	27.65	22.22	14.31	96.66
Other Investments	6,578	4,705	3,820	3,266	3,365
Total Investments	14,432	11,537	10,278	9,095	9,769
Cash & Equivalents	464.24	625.19	542.97	457.54	273.97
Reinsurance Recoverable	3,546	3,542	4,795	3,905	4,074
Other Receivables	400.58	276.82	676.45	678.95	683.35
Deferred Policy Acquisition Cost	-	-	467.33	423.87	417.85
Property, Plant & Equipment	249.97	246.21	239.14	238.34	245.24
Goodwill	18.87	17.51	13.6	13.6	13.6
Other Intangible Assets	372.93	351.14	309.3	254.83	201.78
Restricted Cash	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	3.68	4.43	70.92	84.79	8.23
Long-Term Deferred Charges	11.14	4.04	-	-	-
Other Long-Term Assets	-	-	5.35	12.66	20.16
Total Assets	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	17,293	14,585	14,360	12,804	13,266
Unearned Premiums	-	-	63.15	18.81	11.16
Reinsurance Payable	0.56	0.36	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	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	198.61	162.28	83.68	79.09	88.56
Other Long-Term Liabilities	17.22	18.51	117.86	101.26	81.77
Total Liabilities	18,550	15,739	16,906	14,938	15,338
Common Stock	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	985.28	711.83	485.78	413.68	230.92
Comprehensive Income & Other	7.74	-	-	-	-
Total Common Equity	1,519	1,093	768.23	638.27	679.24
Minority Interest	1.41	1.4	1.68	1.65	1.61
Shareholders' Equity	1,521	1,094	769.91	639.92	680.85
Total Liabilities & Equity	20,070	16,833	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	-115.24	-214.63	-335.8	-519.9
Net Cash Per Share	-8.87	-4.37	-8.21	-16.38	-28.57
Book Value Per Share	55.79	43.78	42.22	35.07	37.33
Tangible Book Value	1,127	724.1	445.34	369.84	463.87
Tangible Book Value Per Share	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

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