New China Life Insurance Company Ltd. (HKG:1336)

HKG:1336 Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	660,410	578,201	542,343	553,417
Investments in Equity & Preferred Securities	-	10,544	229,120	227,533	192,713
Policy Loans	-	-	-	40,806	37,732
Other Investments	-	261,249	236,394	172,652	124,472
Total Investments	-	1,321,825	1,132,733	1,062,761	949,489
Cash & Equivalents	-	21,788	17,586	15,476	12,993
Reinsurance Recoverable	-	9,802	10,590	3,981	3,666
Other Receivables	-	234	15,336	15,170	12,763
Separate Account Assets	-	-	-	236	-
Property, Plant & Equipment	-	18,899	18,736	19,171	16,935
Other Intangible Assets	-	4,063	4,002	3,792	3,753
Restricted Cash	-	1,784	1,715	-	1,715
Other Current Assets	-	518	1,005	1,627	1,042
Long-Term Deferred Tax Assets	-	10,709	7,890	196	153
Long-Term Deferred Charges	-	-	-	374	-
Other Long-Term Assets	-	13,635	5,343	4,937	1,867
Total Assets	-	1,403,257	1,214,936	1,127,721	1,004,376
Accounts Payable	-	547	416	-	455
Accrued Expenses	-	5,743	6,297	6,813	7,023
Insurance & Annuity Liabilities	-	1,147,420	1,014,502	859,935	750,372
Unpaid Claims	-	-	-	8,155	8,247
Unearned Premiums	-	-	-	6,680	8,807
Reinsurance Payable	-	-	-	504	297
Current Portion of Leases	-	361	430	-	426
Short-Term Debt	-	113,474	52,827	55,415	41,888
Current Income Taxes Payable	-	26	21	171	30
Long-Term Debt	-	20,262	10,000	10,000	10,000
Long-Term Leases	-	399	425	1,040	638
Long-Term Deferred Tax Liabilities	-	56	57	1,118	2,673
Separate Account Liability	-	-	-	224	196
Other Current Liabilities	-	-	-	-	2,516
Other Long-Term Liabilities	-	9,407	31,481	68,662	68,624
Total Liabilities	-	1,298,165	1,116,940	1,019,207	902,696
Common Stock	-	3,120	3,120	3,120	3,120
Additional Paid-In Capital	-	23,964	23,964	23,905	23,964
Retained Earnings	-	129,061	107,983	74,007	63,396
Comprehensive Income & Other	-	-51,078	-37,092	7,465	11,187
Total Common Equity	91,039	105,067	97,975	108,497	101,667
Minority Interest	-	25	21	17	13
Shareholders' Equity	91,067	105,092	97,996	108,514	101,680
Total Liabilities & Equity	-	1,403,257	1,214,936	1,127,721	1,004,376
Filing Date Shares Outstanding	3,118	3,120	3,120	3,120	3,120
Total Common Shares Outstanding	3,118	3,120	3,120	3,120	3,120
Total Debt	224,562	134,496	63,682	66,455	52,952
Net Cash (Debt)	-201,115	-112,708	-46,096	-50,979	-39,959
Net Cash Per Share	-64.48	-36.12	-14.77	-16.34	-12.81
Book Value Per Share	29.18	33.68	31.41	34.78	32.59
Tangible Book Value	87,186	101,004	93,973	104,705	97,914
Tangible Book Value Per Share	27.95	32.38	30.12	33.56	31.39
Buildings	-	17,724	17,515	16,473	12,453
Machinery	-	2,150	1,650	1,561	1,378
Construction In Progress	-	2,039	1,877	2,649	4,059

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.