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.
Based on: 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 long-term growth trajectory, increasing from 95,683 million USD in March 2021 to 126,438 million USD by June 2026. This overall expansion is driven by simultaneous growth in both current and noncurrent asset categories, reflecting a broader expansion of the company's balance sheet over the five-year period.
- Current Asset Dynamics
- Current assets grew from 54,495 million USD to 67,184 million USD. A significant driver of this increase is the growth in receivables. Premium receivables, net, nearly doubled from 6,111 million USD in March 2021 to 10,991 million USD in June 2026. Similarly, self-funded receivables and other receivables showed steady upward trends, indicating an increase in the volume of business operations and associated credit balances.
- Cash and cash equivalents remained volatile, peaking at 10,919 million USD in September 2023 before stabilizing in the 8,000 to 10,000 million USD range toward the end of the period. Fixed maturity securities within current assets remained relatively stable, generally fluctuating between 24,000 million USD and 29,000 million USD.
- Noncurrent Asset Expansion
- Noncurrent assets increased from 41,188 million USD to 59,254 million USD. This growth is heavily influenced by increases in goodwill and strategic investments. Goodwill rose from 21,708 million USD to 28,339 million USD, with a notable acceleration in value observed between December 2024 and March 2025, suggesting significant acquisition activity.
- Long-term investments more than doubled, moving from 5,032 million USD in March 2021 to 12,389 million USD in June 2026. Other invested assets also saw a substantial rise, climbing from 4,474 million USD to 11,130 million USD, indicating a strategic shift toward higher long-term asset allocation.
- Investment Portfolio Shifts
- A marked transition occurred within the equity securities portfolio. These assets declined sharply from a peak of 3,630 million USD in March 2021 to a low of 165 million USD in September 2023. While there was a subsequent recovery to 1,563 million USD by June 2026, the portfolio remained significantly smaller than its 2021 levels, suggesting a strategic reallocation of capital away from liquid equity holdings into other investment vehicles.
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