PICC Property and Casualty Company Limited (HKG: 2328)

PICC Property and Casualty Company 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	251,322	221,265	207,245	183,983	168,305	174,244
Investments in Equity & Preferred Securities	154,750	147,670	122,167	120,855	116,342	103,475
Other Investments	88,006	62,031	209,585	190,795	187,567	150,369
Total Investments	622,726	582,589	554,580	515,768	488,016	446,480
Cash & Equivalents	12,934	12,280	10,853	13,309	14,173	13,704
Reinsurance Recoverable	36,266	42,768	39,645	56,772	52,022	49,241
Other Receivables	1,765	4,435	8,379	44,953	39,872	41,419
Property, Plant & Equipment	28,712	29,527	30,332	29,669	30,812	23,949
Other Intangible Assets	2,308	2,811	2,765	2,676	2,453	2,271
Restricted Cash	4,743	4,726	4,449	4,449	4,449	4,449
Other Current Assets	8,989	11,429	6,445	6,099	7,596	6,637
Long-Term Deferred Tax Assets	13,057	10,139	12,083	7,116	5,055	5,121
Other Long-Term Assets	5,139	2,919	2,931	1,811	2,353	2,810
Total Assets	736,639	703,623	672,462	682,622	646,801	596,081
Accrued Expenses	26,222	28,481	25,034	28,911	27,295	25,108
Insurance & Annuity Liabilities	388,070	376,386	356,014	172,348	156,367	149,465
Unpaid Claims	-	-	-	3,457	4,496	3,203
Unearned Premiums	3,452	4,963	4,755	193,059	182,124	185,419
Reinsurance Payable	24	21	-	22,496	21,818	19,449
Current Portion of Leases	-	585	525	614	661	722
Short-Term Debt	41,397	40,037	41,690	37,985	29,028	16,759
Current Income Taxes Payable	901	8	3,446	856	38	96
Long-Term Debt	8,246	8,365	8,097	8,058	23,297	15,198
Long-Term Leases	1,171	731	959	1,172	1,007	1,476
Other Long-Term Liabilities	10,755	9,742	10,337	8,017	10,639	9,232
Total Liabilities	491,115	469,319	450,857	476,973	456,770	426,127
Common Stock	22,242	22,242	22,242	22,242	22,242	22,242
Additional Paid-In Capital	11,363	11,346	11,347	11,412	11,412	11,412
Retained Earnings	192,866	184,659	170,442	142,548	128,530	117,916
Comprehensive Income & Other	16,364	13,173	14,682	26,685	25,329	18,383
Total Common Equity	242,835	231,420	218,713	202,887	187,513	169,953
Minority Interest	2,689	2,884	2,892	2,762	2,518	1
Shareholders' Equity	245,524	234,304	221,605	205,649	190,031	169,954
Total Liabilities & Equity	736,639	703,623	672,462	682,622	646,801	596,081
Filing Date Shares Outstanding	22,243	22,243	22,243	22,243	22,243	22,243
Total Common Shares Outstanding	22,243	22,243	22,243	22,243	22,243	22,243
Total Debt	50,814	49,718	51,271	47,829	53,993	34,155
Net Cash (Debt)	-37,880	-37,438	-40,418	-34,520	-39,820	-20,451
Net Cash Per Share	-1.70	-1.68	-1.82	-1.55	-1.79	-0.92
Book Value Per Share	10.92	10.40	9.83	9.12	8.43	7.64
Tangible Book Value	240,527	228,609	215,948	200,211	185,060	167,682
Tangible Book Value Per Share	10.81	10.28	9.71	9.00	8.32	7.54
Land	-	26,415	25,257	25,813	21,461	19,590
Machinery	-	11,189	10,802	10,859	11,196	10,527
Construction In Progress	-	5,378	6,390	3,676	8,902	2,432

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