Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Assets: Selected Items
Current Assets: Selected Items
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Total assets exhibit a consistent upward trajectory over the analyzed period, increasing from 95,683 million US dollars in March 2021 to 127,801 million US dollars by September 2026. This growth is distributed across both current and noncurrent asset categories, reflecting a broadening of the balance sheet base.
- Current Asset Trends
- Current assets rose from 54,495 million US dollars to 68,524 million US dollars. A significant driver of this increase is the growth in premium receivables, which ascended from 6,111 million US dollars to 10,686 million US dollars. Cash and cash equivalents showed volatility, reaching a peak of 10,919 million US dollars in September 2023 before stabilizing in the 8,000 to 10,000 million US dollar range. Fixed maturity securities remained relatively stable, generally fluctuating between 24,000 and 30,000 million US dollars.
- Equity Securities Volatility
- A notable contraction occurred in equity securities, which declined from 3,630 million US dollars in March 2021 to a low of 165 million US dollars in September 2023. However, a recovery phase followed, with values climbing back to 2,151 million US dollars by September 2026, indicating a strategic shift in short-term investment allocation.
- Noncurrent Asset Expansion
- Noncurrent assets experienced substantial growth, moving from 41,188 million US dollars to 59,277 million US dollars. This expansion is primarily attributed to the increase in goodwill and long-term investments. Goodwill rose from 21,708 million US dollars to 28,343 million US dollars, with a sharp increase observed between December 2022 and March 2024. Long-term investments more than doubled, increasing from 5,032 million US dollars to 12,719 million US dollars.
- Investment Asset Growth
- Other invested assets demonstrated a strong growth pattern, increasing from 4,474 million US dollars in March 2021 to 11,508 million US dollars by September 2026. The pace of this increase accelerated notably after June 2023, coinciding with the steady rise in long-term investment holdings.
The overall asset structure indicates a strategic shift toward long-term investment and the accumulation of receivables, paired with a significant increase in intangible value through goodwill. While liquidity remains robust through stable cash and fixed maturity security levels, the balance sheet has become increasingly weighted toward noncurrent assets and long-term strategic holdings.
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