Admiral Group plc (FRA:FLN)

Admiral Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	3,335	2,803	2,348	2,575	2,090
Investments in Equity & Preferred Securities	-	-	24	27.5	19.3	11.3
Other Investments	5,121	91.7	116.7	101.4	85.3	65.4
Total Investments	5,121	4,863	3,862	3,411	3,743	3,506
Cash & Equivalents	319.2	268.4	314.2	297	372.7	272.5
Reinsurance Recoverable	1,039	988.6	1,192	1,015	2,176	2,083
Other Receivables	1,585	1,287	1,248	1,108	1,746	1,540
Deferred Policy Acquisition Cost	-	-	-	-	28.2	27.3
Property, Plant & Equipment	82.3	87.8	90.1	89.8	103.2	140.4
Goodwill	-	112.1	62.3	62.3	62.3	62.3
Other Intangible Assets	321.5	208.9	180.6	155.3	89.4	77.1
Restricted Cash	-	45.2	38.9	-	-	25.7
Other Current Assets	106.6	63.7	62.2	41.2	30.4	108.1
Long-Term Deferred Tax Assets	58.7	19.8	46.1	28.4	9.3	-
Total Assets	8,633	7,944	7,096	6,209	8,360	7,842
Accounts Payable	170.6	52.4	42.3	22.7	39.8	34.9
Accrued Expenses	-	60.7	40.2	78.2	189.2	150.1
Insurance & Annuity Liabilities	5,261	-	156.9	4,141	161.9	240.9
Unpaid Claims	-	3,673	3,452	-	3,045	2,920
Unearned Premiums	-	1,289	1,130	-	1,287	1,260
Reinsurance Payable	-	-	-	-	1,275	1,263
Current Portion of Long-Term Debt	-	-	-	-	-	3.6
Current Portion of Leases	-	8.6	13.7	8.3	10.5	11
Short-Term Debt	-	117.4	55	20	20	20
Current Income Taxes Payable	80.2	35	4.9	13.9	-	-
Long-Term Debt	1,510	1,197	1,075	919.1	650.9	465
Long-Term Leases	76	71	67.5	80.2	94.8	111.8
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.9
Other Current Liabilities	99.3	-	-	-	-	34
Other Long-Term Liabilities	-	42.2	42.5	38.2	112.4	135.6
Total Liabilities	7,197	6,574	6,103	5,322	6,951	6,719
Common Stock	0.3	0.3	0.3	0.3	0.3	0.3
Additional Paid-In Capital	13.1	13.1	13.1	13.1	13.1	13.1
Retained Earnings	1,459	1,383	1,019	922.6	1,349	1,004
Comprehensive Income & Other	-36.6	-26.7	-40.5	-50.2	44	94.9
Total Common Equity	1,435	1,370	991.8	885.8	1,406	1,113
Minority Interest	0.4	0.6	1	1.2	2.3	10.7
Shareholders' Equity	1,436	1,371	992.8	887	1,409	1,123
Total Liabilities & Equity	8,633	7,944	7,096	6,209	8,360	7,842
Filing Date Shares Outstanding	306.34	302.98	300.44	297.73	294.79	291.24
Total Common Shares Outstanding	306.34	302.98	300.44	297.73	294.79	291.24
Total Debt	1,586	1,394	1,211	1,028	776.2	611.4
Net Cash (Debt)	-1,267	-1,125	-896.8	-730.6	-403.5	-338.9
Net Cash Per Share	-4.13	-3.67	-2.94	-2.42	-1.35	-1.15
Book Value Per Share	4.69	4.52	3.30	2.98	4.77	3.82
Tangible Book Value	1,114	1,049	748.9	668.2	1,255	973.3
Tangible Book Value Per Share	3.64	3.46	2.49	2.24	4.26	3.34
Machinery	-	59.8	85.2	106	100.7	111.4
Leasehold Improvements	-	15.9	29.7	37.5	37	36

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