China Reinsurance (Group) Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	165,432	139,233	108,546	110,831	168,257
Investments in Equity & Preferred Securities	42,245	37,070	34,802	40,468	72,469
Policy Loans	-	-	-	-	628.52
Other Investments	97,860	108,598	119,357	105,766	63,929
Total Investments	424,549	408,623	372,907	340,886	326,378
Cash & Equivalents	16,623	7,289	10,296	10,974	18,738
Reinsurance Recoverable	32,706	31,006	24,989	20,255	75,993
Other Receivables	622.92	2,495	2,951	1,036	21,072
Property, Plant & Equipment	2,763	4,354	4,593	4,966	5,278
Goodwill	1,639	1,649	1,643	1,635	1,597
Other Intangible Assets	2,147	2,271	2,314	2,354	2,210
Restricted Cash	21,427	28,789	23,190	25,412	23,203
Other Current Assets	244.17	2,251	2,279	2,147	20,039
Long-Term Deferred Tax Assets	9,159	7,204	7,805	6,430	3,413
Long-Term Deferred Charges	-	14.84	28.91	47.42	53.14
Other Long-Term Assets	15,883	12,401	6,733	8,590	1,822
Total Assets	527,763	508,347	459,728	424,732	499,796
Accrued Expenses	-	3,414	3,258	2,717	3,347
Insurance & Annuity Liabilities	271,097	252,363	239,061	215,359	121,365
Unpaid Claims	-	-	-	-	92,891
Unearned Premiums	-	654.23	497.39	600.3	49,879
Reinsurance Payable	45.96	103.66	40.15	32.97	19,115
Current Portion of Long-Term Debt	-	476	1,953	4,441	10,480
Current Portion of Leases	-	117.97	323.2	409.1	446.73
Short-Term Debt	53,941	69,590	60,309	51,002	47,986
Current Income Taxes Payable	2,259	2,531	2,044	2,234	2,403
Long-Term Debt	13,154	12,678	12,616	12,491	15,575
Long-Term Leases	649.58	697.88	538.62	618.63	725.74
Long-Term Deferred Tax Liabilities	1,069	1,015	575.56	795.18	1,047
Other Current Liabilities	779.9	-3,673	-3,928	-2,953	-53,963
Other Long-Term Liabilities	65,454	55,548	40,066	39,318	86,257
Total Liabilities	408,449	395,682	357,549	327,236	397,706
Common Stock	42,480	42,480	42,480	42,480	42,480
Retained Earnings	56,480	48,540	40,009	35,316	37,430
Comprehensive Income & Other	10,684	12,236	10,764	10,822	12,797
Total Common Equity	109,645	103,256	93,253	88,618	92,707
Minority Interest	9,670	9,409	8,926	8,878	9,382
Shareholders' Equity	119,315	112,665	102,179	97,496	102,090
Total Liabilities & Equity	527,763	508,347	459,728	424,732	499,796
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	67,744	83,559	75,740	68,962	75,213
Net Cash (Debt)	-51,121	-76,270	-65,444	-57,988	-56,475
Net Cash Per Share	-1.20	-1.80	-1.54	-1.37	-1.33
Book Value Per Share	2.58	2.43	2.20	2.09	2.18
Tangible Book Value	105,859	99,336	89,296	84,629	88,900
Tangible Book Value Per Share	2.49	2.34	2.10	1.99	2.09
Buildings	-	4,544	4,532	4,508	4,513
Machinery	-	1,558	1,520	1,571	1,486
Construction In Progress	-	6.83	13.42	7.85	9.17
Leasehold Improvements	-	721.6	662.95	632.97	547.01

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