ANSA Merchant Bank Balance Sheet

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

Millions TTD. 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	-	2,961	2,660	1,901	1,844	2,086
Investments in Equity & Preferred Securities	-	346.79	549.5	-	-	-
Policy Loans	-	-	-	-	12.85	12.82
Other Investments	-	379.48	393.73	489.98	628.95	886.64
Total Investments	-	4,895	4,995	4,733	4,801	4,020
Cash & Equivalents	-	846.27	637.02	1,179	1,268	1,397
Reinsurance Recoverable	-	330.56	252.14	167.54	187.4	161.68
Other Receivables	-	2,371	2,911	2,205	2,168	1,731
Property, Plant & Equipment	-	290.79	263.43	212.37	213.19	190.94
Goodwill	-	351.03	350.98	177.62	177.62	133.76
Other Intangible Assets	-	357.57	341.05	256.83	165.81	45.51
Restricted Cash	-	243.87	306.11	316.69	184.29	101.66
Other Current Assets	-	14.75	14.73	11.79	8.81	9.56
Long-Term Deferred Tax Assets	-	51.2	49	32.52	45.91	31.23
Other Long-Term Assets	10,224	176.8	180.8	153.97	160.91	138.26
Total Assets	10,224	9,929	10,300	9,446	9,382	7,961
Accrued Expenses	-	120.84	87.71	71.27	51.65	81.57
Insurance & Annuity Liabilities	-	2,153	2,039	1,695	1,333	1,238
Unpaid Claims	-	-	-	-	162.35	175.6
Unearned Premiums	-	2.03	1.74	1.32	218.91	185.36
Reinsurance Payable	-	-	-	56.26	62.03	25.36
Current Portion of Long-Term Debt	-	-	-	-	600	202.84
Current Portion of Leases	-	6.28	4.24	3.37	2.49	0.85
Short-Term Debt	-	0.01	17.79	3.84	1.91	-
Current Income Taxes Payable	-	-	7.92	-	-	3.17
Long-Term Debt	-	600	600	600	-	600
Long-Term Leases	-	31.97	32.95	15.79	9.28	9.16
Long-Term Deferred Tax Liabilities	-	101.1	125.36	103.95	185.84	146.74
Other Current Liabilities	-	3,184	3,951	3,756	3,298	2,414
Other Long-Term Liabilities	7,484	1,007	699.25	377.14	544.83	191.74
Total Liabilities	7,484	7,216	7,578	6,693	6,479	5,283
Common Stock	2,740	667.27	667.27	667.27	667.27	667.27
Retained Earnings	-	2,188	2,118	2,088	2,237	2,015
Comprehensive Income & Other	-	-143.41	-63.46	-3.37	-2.45	-5.72
Total Common Equity	2,740	2,712	2,722	2,751	2,902	2,677
Minority Interest	0.45	0.44	0.45	0.68	0.74	0.65
Shareholders' Equity	2,740	2,712	2,722	2,752	2,903	2,678
Total Liabilities & Equity	10,224	9,929	10,300	9,446	9,382	7,961
Filing Date Shares Outstanding	85.61	85.61	85.61	85.61	85.61	85.61
Total Common Shares Outstanding	85.61	85.61	85.61	85.61	85.61	85.61
Total Debt	-	638.26	654.98	622.99	613.67	812.84
Net Cash (Debt)	-	208	-17.96	555.9	654.62	584.52
Net Cash Growth	-	-	-	-15.08%	11.99%	636.57%
Net Cash Per Share	-	2.43	-0.21	6.49	7.65	6.83
Book Value Per Share	32.01	31.68	31.79	32.14	33.90	31.27
Tangible Book Value	2,740	2,003	2,030	2,317	2,559	2,498
Tangible Book Value Per Share	32.01	23.40	23.71	27.07	29.89	29.18
Land	-	99.14	103.67	62.92	64.92	42.24
Machinery	-	346.33	303.1	275.47	274.83	273.39
Leasehold Improvements	-	17.29	17.33	31.19	37.34	30.53

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.