China Reinsurance (Group) Corporation (HKG: 1508)

China Reinsurance (Group) 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	110,131	108,546	110,831	168,257	142,458	113,381
Investments in Equity & Preferred Securities	32,103	34,802	40,468	72,469	79,150	62,676
Policy Loans	-	-	-	628.52	563.5	503.74
Other Investments	118,508	119,357	105,766	63,929	65,757	50,615
Total Investments	383,678	372,907	340,886	326,378	305,583	246,884
Cash & Equivalents	12,547	10,296	10,974	18,738	10,221	18,286
Reinsurance Recoverable	27,272	24,989	20,255	75,993	75,543	77,546
Other Receivables	2,775	1,014	1,036	21,072	21,016	18,991
Property, Plant & Equipment	4,370	4,593	4,966	5,278	5,587	4,184
Goodwill	1,645	1,643	1,635	1,597	1,607	1,636
Other Intangible Assets	2,230	2,314	2,354	2,210	2,183	2,183
Restricted Cash	23,426	23,190	25,412	23,203	21,695	17,699
Other Current Assets	2,233	2,025	2,147	20,039	6,035	5,002
Long-Term Deferred Tax Assets	5,860	7,805	6,430	3,413	1,583	1,314
Long-Term Deferred Charges	15.38	28.91	47.42	53.14	67.86	46.88
Other Long-Term Assets	8,412	8,923	8,590	1,822	2,455	2,866
Total Assets	474,465	459,728	424,732	499,796	453,577	396,638
Accrued Expenses	2,195	3,258	2,717	3,347	3,155	2,867
Insurance & Annuity Liabilities	242,475	239,061	215,359	121,365	110,991	86,039
Unpaid Claims	-	-	-	92,891	79,189	67,700
Unearned Premiums	488.73	497.39	600.3	49,879	46,211	43,309
Reinsurance Payable	82.42	40.15	32.97	19,115	16,284	17,947
Current Portion of Long-Term Debt	-	1,953	4,441	10,480	992.33	769.88
Current Portion of Leases	-	323.2	409.1	446.73	469.76	417.31
Short-Term Debt	57,847	60,309	51,002	47,986	29,611	22,220
Current Income Taxes Payable	460.01	2,044	2,234	2,403	1,696	1,354
Long-Term Debt	14,677	12,616	12,491	15,575	25,333	22,441
Long-Term Leases	773.37	538.62	618.63	725.74	784.16	700.19
Long-Term Deferred Tax Liabilities	975.82	575.56	795.18	1,047	1,292	1,860
Other Current Liabilities	5,790	-3,956	-2,953	-53,963	-13,671	-8,695
Other Long-Term Liabilities	41,004	40,094	39,318	86,257	48,157	40,566
Total Liabilities	366,972	357,549	327,236	397,706	350,676	299,660
Common Stock	42,480	42,480	42,480	42,480	42,480	42,480
Retained Earnings	43,917	40,009	35,316	37,430	33,218	29,377
Comprehensive Income & Other	11,892	10,764	10,822	12,797	17,331	15,280
Total Common Equity	98,289	93,253	88,618	92,707	93,028	87,136
Minority Interest	9,204	8,926	8,878	9,382	9,872	9,842
Shareholders' Equity	107,493	102,179	97,496	102,090	102,901	96,978
Total Liabilities & Equity	474,465	459,728	424,732	499,796	453,577	396,638
Filing Date Shares Outstanding	42,480	42,480	42,480	42,480	42,480	42,480
Total Common Shares Outstanding	42,480	42,480	42,480	42,480	42,480	42,480
Total Debt	73,297	75,740	68,962	75,213	57,191	46,549
Net Cash (Debt)	-60,750	-65,444	-57,988	-56,475	-46,970	-28,262
Net Cash Per Share	-1.43	-1.54	-1.37	-1.33	-1.11	-0.67
Book Value Per Share	2.31	2.20	2.09	2.18	2.19	2.05
Tangible Book Value	94,413	89,296	84,629	88,900	89,239	83,318
Tangible Book Value Per Share	2.22	2.10	1.99	2.09	2.10	1.96
Buildings	-	4,532	4,508	4,513	3,023	3,014
Machinery	-	1,520	1,571	1,486	1,453	1,320
Construction In Progress	-	13.42	7.85	9.17	1,484	197.03
Leasehold Improvements	-	662.95	632.97	547.01	512.13	452.93

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