China Pacific Insurance (Group) Co., Ltd. (HKG: 2601)

China Pacific Insurance (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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	-	1,220,504	1,173,300	1,062,514	990,550	602,644
Investments in Equity & Preferred Securities	22,752	230,414	474,795	409,101	336,813	224,867
Policy Loans	-	-	-	66,950	62,364	57,194
Other Investments	1,831,129	168,309	247,212	220,049	216,183	500,700
Total Investments	2,539,427	2,211,496	1,911,498	1,768,383	1,617,359	1,397,733
Cash & Equivalents	38,122	30,935	32,685	32,195	20,440	14,501
Reinsurance Recoverable	43,686	39,814	33,270	42,056	36,000	31,023
Other Receivables	-	8,155	31,171	55,796	51,634	45,891
Property, Plant & Equipment	23,032	24,749	22,786	22,693	22,136	22,495
Goodwill	1,357	1,357	1,372	1,372	1,357	1,357
Other Intangible Assets	6,671	7,117	6,666	5,509	4,693	3,652
Restricted Cash	6,711	7,625	7,739	7,778	7,296	7,029
Other Current Assets	15	2,127	1,138	5,467	3,219	1,800
Long-Term Deferred Tax Assets	6,924	7,076	19,661	1,998	845	860
Long-Term Deferred Charges	-	1,052	982	924	955	1,000
Other Long-Term Assets	18,516	2,459	2,368	1,993	5,070	992
Total Assets	2,684,461	2,343,962	2,071,336	1,946,164	1,771,004	1,528,333
Accounts Payable	-	1,210	1,491	1,311	1,281	1,249
Accrued Expenses	7,293	16,924	16,349	13,525	13,919	11,889
Insurance & Annuity Liabilities	2,155,399	1,874,508	1,666,154	1,384,829	1,221,923	1,065,925
Unpaid Claims	-	1,885	1,635	81,903	70,863	65,764
Unearned Premiums	5,694	17,277	18,207	96,854	96,990	83,324
Reinsurance Payable	-	-	809	7,638	5,501	4,543
Current Portion of Long-Term Debt	-	286	5,000	-	-	-
Current Portion of Leases	-	911	577	1,194	1,434	1,341
Short-Term Debt	142,453	115,819	119,665	73,441	90,825	78,366
Current Income Taxes Payable	2,820	1,792	3,301	2,353	1,396	549
Long-Term Debt	10,194	9,999	4,999	9,995	9,991	9,988
Long-Term Leases	2,632	2,184	2,141	1,911	1,996	2,327
Long-Term Deferred Tax Liabilities	2,186	1,119	568	3,601	5,055	2,911
Other Current Liabilities	26	184	161	677	121	138
Other Long-Term Liabilities	47,315	31,016	27,936	33,862	28,444	16,376
Total Liabilities	2,384,487	2,076,258	1,869,664	1,713,759	1,550,169	1,345,013
Common Stock	9,620	9,620	9,620	9,620	9,620	9,062
Additional Paid-In Capital	-	-	-	79,662	79,008	65,860
Retained Earnings	180,309	152,024	118,773	117,804	103,476	89,766
Comprehensive Income & Other	83,405	87,942	68,084	19,655	23,120	13,739
Total Common Equity	273,334	249,586	196,477	226,741	215,224	178,427
Minority Interest	26,640	18,118	5,195	5,664	5,611	4,893
Shareholders' Equity	299,974	267,704	201,672	232,405	220,835	183,320
Total Liabilities & Equity	2,684,461	2,343,962	2,071,336	1,946,164	1,771,004	1,528,333
Filing Date Shares Outstanding	9,620	9,620	9,620	9,620	9,620	9,062
Total Common Shares Outstanding	9,620	9,620	9,620	9,620	9,620	9,062
Total Debt	155,279	129,199	132,382	86,541	104,246	92,022
Net Cash (Debt)	-117,157	-98,264	-99,697	-54,346	-83,806	-77,521
Net Cash Per Share	-12.16	-10.21	-10.36	-5.65	-8.96	-8.55
Book Value Per Share	28.41	25.94	20.42	23.57	22.37	19.69
Tangible Book Value	265,306	241,112	188,439	219,860	209,174	173,418
Tangible Book Value Per Share	27.58	25.06	19.59	22.85	21.74	19.14
Buildings	-	24,006	21,745	21,023	19,040	18,134
Machinery	-	7,266	7,100	6,925	6,860	6,779
Construction In Progress	-	2,459	2,291	1,714	1,822	1,987

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