Balance Sheet

Insurance Policy Liabilities	361.8m
Long Term Debt	1m
Other Liabilities	26.5m

Currency: EUR

	Dec-2012	Dec-2013	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021
Assets
Cash & Cash Equivalents	7	9	9	16	26	11	7	16	18	7
Cash	0	0	0	4	3	8	1	0	0	0
Cash Equivalents	7	9	9	12	23	4	7	16	18	7
Total Receivables	52	44	25	11	11	14	18	18	16	17
Insurance Receivable	1	0	0	14	11	16	14	16	16	17
Other Current Assets	14	0	0	0	0	0	0	0	0	0
PP&E Net	16	19	19	18	18	18	18	24	25	25
PP&E Gross	16	0	0	0	0	0	0	24	25	25
Accumulated Depreciation	14	0	0	0	0	0	0	24	26	27
Intangible Assets	1	0	0	1	1	1	1	2	2	2
Note Receivable	0	0	0	0	0	0	4	0	0	0
Long-Term Investments	169	192	242	261	286	327	334	375	401	434
Other Long-Term Assets	2	3	2	3	2	0	0	0	0	0
Other Assets	18	32	32	32	33	30	32	34	34	43
Total Assets	279 N/A	300 +8%	330 +10%	356 +8%	388 +9%	418 +8%	429 +3%	485 +13%	512 +6%	546 +7%
Liabilities
Insurance Policy Liabilities	126	138	145	208	217	278	290	312	322	362
Accrued Liabilities	2	3	4	0	0	0	0	2	5	2
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	15	14	14	0	1	2	0	20	21	18
Long-Term Debt	0	0	0	0	0	0	0	1	1	1
Deferred Income Tax	0	0	0	0	0	0	0	4	5	3
Minority Interest	0	0	0	0	0	0	0	0	0	0
Other Liabilities	48	52	56	68	75	22	23	4	3	3
Total Liabilities	229 N/A	243 +6%	260 +7%	276 +6%	293 +6%	302 +3%	314 +4%	343 +10%	357 +4%	389 +9%
Equity
Common Stock	17	17	17	17	17	17	17	17	17	17
Retained Earnings	15	22	34	44	56	76	77	100	116	114
Additional Paid In Capital	19	19	19	19	19	19	19	19	19	19
Unrealized Security Profit/Loss	0	0	0	0	3	3	3	6	6	6
Treasury Stock	0	0	0	0	0	0	0	1	4	0
Total Equity	50 N/A	58 +15%	70 +22%	80 +14%	95 +19%	115 +21%	116 +0%	141 +22%	155 +10%	156 +1%
Total Liabilities & Equity	279 N/A	300 +8%	330 +10%	356 +8%	388 +9%	418 +8%	429 +3%	485 +13%	512 +6%	546 +7%
Shares Outstanding
Common Shares Outstanding	28	28	28	28	28	28	28	27	27	27

European Reliance General Insurance Co SA
OTC:ERPRF