China Reinsurance (Group) Corporation (HKG:1508)

China Reinsurance (Group) 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	139,233	108,546	110,831	168,257	142,458
Investments in Equity & Preferred Securities	37,070	34,802	40,468	72,469	79,150
Policy Loans	-	-	-	628.52	563.5
Other Investments	108,598	119,357	105,766	63,929	65,757
Total Investments	408,623	372,907	340,886	326,378	305,583
Cash & Equivalents	7,289	10,296	10,974	18,738	10,221
Reinsurance Recoverable	31,006	24,989	20,255	75,993	75,543
Other Receivables	2,495	2,951	1,036	21,072	21,016
Property, Plant & Equipment	4,354	4,593	4,966	5,278	5,587
Goodwill	1,649	1,643	1,635	1,597	1,607
Other Intangible Assets	2,271	2,314	2,354	2,210	2,183
Restricted Cash	28,789	23,190	25,412	23,203	21,695
Other Current Assets	2,251	2,279	2,147	20,039	6,035
Long-Term Deferred Tax Assets	7,204	7,805	6,430	3,413	1,583
Long-Term Deferred Charges	14.84	28.91	47.42	53.14	67.86
Other Long-Term Assets	12,401	6,733	8,590	1,822	2,455
Total Assets	508,347	459,728	424,732	499,796	453,577
Accrued Expenses	3,414	3,258	2,717	3,347	3,155
Insurance & Annuity Liabilities	252,363	239,061	215,359	121,365	110,991
Unpaid Claims	-	-	-	92,891	79,189
Unearned Premiums	654.23	497.39	600.3	49,879	46,211
Reinsurance Payable	103.66	40.15	32.97	19,115	16,284
Current Portion of Long-Term Debt	476	1,953	4,441	10,480	992.33
Current Portion of Leases	117.97	323.2	409.1	446.73	469.76
Short-Term Debt	69,590	60,309	51,002	47,986	29,611
Current Income Taxes Payable	2,531	2,044	2,234	2,403	1,696
Long-Term Debt	12,678	12,616	12,491	15,575	25,333
Long-Term Leases	697.88	538.62	618.63	725.74	784.16
Long-Term Deferred Tax Liabilities	1,015	575.56	795.18	1,047	1,292
Other Current Liabilities	-3,673	-3,928	-2,953	-53,963	-13,671
Other Long-Term Liabilities	55,548	40,066	39,318	86,257	48,157
Total Liabilities	395,682	357,549	327,236	397,706	350,676
Common Stock	42,480	42,480	42,480	42,480	42,480
Retained Earnings	48,540	40,009	35,316	37,430	33,218
Comprehensive Income & Other	12,236	10,764	10,822	12,797	17,331
Total Common Equity	103,256	93,253	88,618	92,707	93,028
Minority Interest	9,409	8,926	8,878	9,382	9,872
Shareholders' Equity	112,665	102,179	97,496	102,090	102,901
Total Liabilities & Equity	508,347	459,728	424,732	499,796	453,577
Filing Date Shares Outstanding	42,480	42,480	42,480	42,480	42,480
Total Common Shares Outstanding	42,480	42,480	42,480	42,480	42,480
Total Debt	83,559	75,740	68,962	75,213	57,191
Net Cash (Debt)	-76,270	-65,444	-57,988	-56,475	-46,970
Net Cash Per Share	-1.80	-1.54	-1.37	-1.33	-1.11
Book Value Per Share	2.43	2.20	2.09	2.18	2.19
Tangible Book Value	99,336	89,296	84,629	88,900	89,239
Tangible Book Value Per Share	2.34	2.10	1.99	2.09	2.10
Buildings	4,544	4,532	4,508	4,513	3,023
Machinery	1,558	1,520	1,571	1,486	1,453
Construction In Progress	6.83	13.42	7.85	9.17	1,484
Leasehold Improvements	721.6	662.95	632.97	547.01	512.13

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.