The People's Insurance Company (Group) of China Limited (HKG: 1339)

The People's Insurance Company (Group) of China Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	753,564	753,863	516,814	454,936	379,594	416,668
Investments in Equity & Preferred Securities	263,059	156,665	322,390	135,663	124,933	117,204
Policy Loans	-	-	-	5,889	5,295	4,508
Other Investments	130,500	89,929	359,500	494,853	496,228	363,415
Total Investments	1,494,304	1,399,268	1,252,090	1,162,140	1,052,729	941,272
Cash & Equivalents	21,413	20,393	21,365	21,786	23,128	23,946
Reinsurance Recoverable	36,589	43,608	40,147	59,252	52,875	47,744
Other Receivables	7,018	11,748	21,670	52,833	48,114	49,491
Property, Plant & Equipment	34,257	39,801	41,239	41,344	41,142	34,021
Goodwill	198	198	198	198	-	-
Other Intangible Assets	8,007	3,544	3,523	3,471	3,105	2,729
Restricted Cash	15,563	13,433	12,923	12,994	12,994	12,994
Other Current Assets	11,065	11,201	6,344	6,487	7,056	5,935
Long-Term Deferred Tax Assets	17,543	13,488	16,788	10,143	8,337	8,552
Other Long-Term Assets	4,561	-	-	6,209	6,584	6,545
Total Assets	1,650,688	1,556,682	1,416,287	1,376,857	1,256,064	1,133,229
Accounts Payable	1,656	2,023	2,055	2,520	3,224	2,480
Accrued Expenses	36,898	38,929	35,919	39,671	36,529	33,445
Insurance & Annuity Liabilities	1,076,754	988,715	890,684	426,202	352,877	305,934
Unpaid Claims	-	-	-	190,834	175,714	165,273
Unearned Premiums	3,769	5,625	4,685	199,683	186,447	188,731
Reinsurance Payable	4,319	2,984	3,614	26,928	26,632	24,755
Current Portion of Leases	-	791	787	983	1,000	998
Short-Term Debt	92,815	108,969	100,890	77,598	85,826	58,263
Current Income Taxes Payable	1,187	567	4,028	1,083	373	220
Long-Term Debt	37,492	38,595	43,904	44,441	57,552	48,780
Long-Term Leases	2,190	1,479	1,504	2,010	1,792	2,053
Long-Term Deferred Tax Liabilities	372	402	2,022	2,053	1,449	1,486
Other Current Liabilities	20,192	4,089	-	-	2,245	-
Other Long-Term Liabilities	24,370	27,891	18,526	63,086	48,015	50,584
Total Liabilities	1,304,934	1,223,779	1,111,394	1,079,964	982,508	885,929
Common Stock	44,224	44,224	44,224	44,224	44,224	44,224
Additional Paid-In Capital	7,394	23,973	23,973	23,973	23,973	23,973
Retained Earnings	206,255	171,983	167,788	147,395	131,978	118,664
Comprensive Income & Other	-4,853	3,026	-11,832	3,664	2,305	-3,409
Total Common Equity	253,020	243,206	224,153	219,256	202,480	183,452
Minority Interest	92,734	89,697	80,740	77,637	71,076	63,848
Shareholders' Equity	345,754	332,903	304,893	296,893	273,556	247,300
Total Liabilities & Equity	1,650,688	1,556,682	1,416,287	1,376,857	1,256,064	1,133,229
Filing Date Shares Outstanding	44,224	44,224	44,224	44,224	44,224	44,224
Total Common Shares Outstanding	44,224	44,224	44,224	44,224	44,224	44,224
Total Debt	132,497	149,834	147,085	125,032	146,170	110,094
Net Cash (Debt)	-111,084	-129,441	-125,720	-103,246	-123,042	-86,148
Net Cash Per Share	-2.51	-2.93	-2.84	-2.33	-2.78	-1.95
Book Value Per Share	5.72	5.50	5.07	4.96	4.58	4.15
Tangible Book Value	244,815	239,464	220,432	215,587	199,375	180,723
Tangible Book Value Per Share	5.54	5.41	4.98	4.87	4.51	4.09
Land	-	38,020	37,395	37,867	31,740	29,521
Machinery	-	13,791	13,039	12,918	13,026	12,176
Construction In Progress	-	5,532	6,539	3,808	9,091	2,729

Source: S&P Capital IQ. Insurance template. Financial Sources.