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 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	-	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	10,290	152.66	176.8	180.8	153.97	160.91
Total Assets	10,290	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	7,578	828.68	1,007	699.25	377.14	544.83
Total Liabilities	7,578	7,378	7,216	7,578	6,693	6,479
Common Stock	2,712	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	2,712	2,805	2,712	2,722	2,751	2,902
Minority Interest	0.44	0.47	0.44	0.45	0.68	0.74
Shareholders' Equity	2,712	2,806	2,712	2,722	2,752	2,903
Total Liabilities & Equity	10,290	10,184	9,929	10,300	9,446	9,382
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	-	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	31.68	32.77	31.68	31.79	32.14	33.90
Tangible Book Value	2,712	2,142	2,003	2,030	2,317	2,559
Tangible Book Value Per Share	31.68	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.