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Unaudited Condensed Consolidated Balance Sheets

In millions of USD, except per-share amounts
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Assets
Investments, at fair value
Total fixed maturities
Short-term investments
Total investments, at fair value
Investments in Two Sigma Funds, at fair value (cost 2026: $1,574,091; 2025: $1,355,563)
Total investments
Cash and cash equivalents
Restricted cash and cash equivalents
Premiums receivable
Paid losses recoverable
Deferred acquisition costs
Unpaid losses and loss adjustment expenses recoverable
Receivables for investments sold
Prepaid reinsurance
Intangible assets
Other assets
Total assets
Liabilities, non-controlling interest, and shareholders’ equity
Liabilities
Reserve for losses and loss adjustment expenses
Unearned premiums
Reinsurance balances payable
Payables for investments purchased
Term loan, net of issuance costs
Accounts payable and accrued expenses
Payables to related parties
Total liabilities
Non-controlling interest – TS Hamilton Fund
Shareholders’ equity
Common shares:
Common Class A
Common Class B
Common Class C
Total common shares:
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Total shareholders’ equity
Total liabilities, non-controlling interest, and shareholders’ equity
Investments, amortized cost
Total fixed maturities
Short-term investments
Total investments, amortized cost
Investments in Two Sigma Funds, cost

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