ANSA Merchant Bank Balance Sheet

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

Millions TTD. 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	3,084	2,961	2,660	1,901	1,844
Investments in Equity & Preferred Securities	326.55	346.79	549.5	-	-
Policy Loans	-	-	-	-	12.85
Other Investments	398.25	379.48	393.73	489.98	628.95
Total Investments	5,373	4,895	4,995	4,733	4,801
Cash & Equivalents	512.29	846.27	637.02	1,179	1,268
Reinsurance Recoverable	364.83	330.56	252.14	167.54	187.4
Other Receivables	2,482	2,371	2,911	2,205	2,168
Property, Plant & Equipment	302.61	290.79	263.43	212.37	213.19
Goodwill	351.07	351.03	350.98	177.62	177.62
Other Intangible Assets	311.87	357.57	341.05	256.83	165.81
Restricted Cash	231.02	243.87	306.11	316.69	184.29
Other Current Assets	23.97	14.75	14.73	11.79	8.81
Long-Term Deferred Tax Assets	78.62	51.2	49	32.52	45.91
Other Long-Term Assets	152.66	176.8	180.8	153.97	160.91
Total Assets	10,184	9,929	10,300	9,446	9,382
Accrued Expenses	140.43	120.84	87.71	71.27	51.65
Insurance & Annuity Liabilities	2,211	2,153	2,039	1,695	1,333
Unpaid Claims	-	-	-	-	162.35
Unearned Premiums	1.78	2.03	1.74	1.32	218.91
Reinsurance Payable	-	-	-	56.26	62.03
Current Portion of Long-Term Debt	-	-	-	-	600
Current Portion of Leases	12.6	6.28	4.24	3.37	2.49
Short-Term Debt	0.01	0.01	17.79	3.84	1.91
Current Income Taxes Payable	7.89	-	7.92	-	-
Long-Term Debt	600	600	600	600	-
Long-Term Leases	22.99	31.97	32.95	15.79	9.28
Long-Term Deferred Tax Liabilities	129.08	101.1	125.36	103.95	185.84
Other Current Liabilities	3,413	3,184	3,951	3,756	3,298
Other Long-Term Liabilities	828.68	1,007	699.25	377.14	544.83
Total Liabilities	7,378	7,216	7,578	6,693	6,479
Common Stock	667.27	667.27	667.27	667.27	667.27
Retained Earnings	2,266	2,188	2,118	2,088	2,237
Treasury Stock	-1.52	-	-	-	-
Comprehensive Income & Other	-126.85	-143.41	-63.46	-3.37	-2.45
Total Common Equity	2,805	2,712	2,722	2,751	2,902
Minority Interest	0.47	0.44	0.45	0.68	0.74
Shareholders' Equity	2,806	2,712	2,722	2,752	2,903
Total Liabilities & Equity	10,184	9,929	10,300	9,446	9,382
Filing Date Shares Outstanding	85.61	85.61	85.61	85.61	85.61
Total Common Shares Outstanding	85.61	85.61	85.61	85.61	85.61
Total Debt	635.6	638.26	654.98	622.99	613.67
Net Cash (Debt)	-123.31	208	-17.96	555.9	654.62
Net Cash Growth	-	-	-	-15.08%	11.99%
Net Cash Per Share	-1.44	2.43	-0.21	6.49	7.65
Book Value Per Share	32.77	31.68	31.79	32.14	33.90
Tangible Book Value	2,142	2,003	2,030	2,317	2,559
Tangible Book Value Per Share	25.03	23.40	23.71	27.07	29.89
Land	101.92	99.14	103.67	62.92	64.92
Machinery	369.34	346.33	303.1	275.47	274.83
Leasehold Improvements	19.3	17.29	17.33	31.19	37.34

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