China Life Insurance Company Limited (HKG:2628)

HKG:2628 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	4,002,327	3,655,649	3,127,698	1,574,204	2,327,297	1,770,179
Investments in Equity & Preferred Securities	570,316	473,894	1,358,473	262,488	893,696	874,377
Policy Loans	-	-	-	-	236,209	204,252
Other Investments	465,359	467,911	423,607	2,485,998	539,762	552,875
Total Investments	6,999,406	6,517,871	4,922,531	4,335,883	4,217,102	3,577,464
Cash & Equivalents	113,392	81,600	103,718	128,956	55,819	36,261
Reinsurance Recoverable	30,808	30,738	25,846	24,096	6,630	6,095
Other Receivables	-	22,014	407,899	391,521	522,837	535,879
Separate Account Assets	-	-	-	-	9	10
Property, Plant & Equipment	54,348	55,221	54,774	55,887	57,388	54,846
Other Intangible Assets	8,129	8,262	8,369	8,532	8,507	8,341
Restricted Cash	7,542	4,919	46,802	-	5,075	21,372
Other Current Assets	-	759	661	-	7,546	2,799
Long-Term Deferred Tax Assets	46,412	40,026	74,818	46,126	121	87
Long-Term Deferred Charges	-	441	473	-	822	1,062
Other Long-Term Assets	32,318	7,695	7,836	19,067	10,624	8,250
Total Assets	7,292,355	6,769,546	5,653,727	5,010,068	4,892,480	4,252,466
Accrued Expenses	10,898	11,283	11,160	12,075	19,074	20,258
Insurance & Annuity Liabilities	-	-	-	4,266,947	3,843,528	3,369,850
Unpaid Claims	65,787	64,339	62,108	-	83,052	77,022
Unearned Premiums	6,222,479	5,789,447	4,845,945	49,654	62,761	67,722
Reinsurance Payable	211	160	188	160	808	1,036
Current Portion of Long-Term Debt	-	9,471	-	-	794	-
Current Portion of Leases	717	767	757	-	1,093	1,273
Short-Term Debt	209,785	151,629	216,704	148,958	240,922	123,890
Current Income Taxes Payable	1,671	237	309	942	248	191
Long-Term Debt	35,568	38,416	47,718	47,771	51,946	52,907
Long-Term Leases	684	551	498	1,569	1,089	1,391
Long-Term Deferred Tax Liabilities	1,078	147	1,549	272	7,481	15,286
Separate Account Liability	-	-	-	-	9	10
Other Current Liabilities	69,915	61,915	8,292	-	1,159	965
Other Long-Term Liabilities	137,963	118,620	119,940	106,747	89,371	62,287
Total Liabilities	6,756,756	6,248,298	5,316,011	4,635,095	4,405,346	3,795,529
Common Stock	28,265	28,265	28,265	28,265	28,265	28,265
Additional Paid-In Capital	54,520	54,158	53,934	53,554	55,004	53,999
Retained Earnings	588,967	559,221	433,633	396,312	345,493	312,930
Comprehensive Income & Other	-148,133	-131,969	-188,048	-112,110	50,299	54,862
Total Common Equity	523,619	509,675	327,784	366,021	479,061	450,056
Minority Interest	11,980	11,573	9,932	8,952	8,073	6,881
Shareholders' Equity	535,599	521,248	337,716	374,973	487,134	456,937
Total Liabilities & Equity	7,292,355	6,769,546	5,653,727	5,010,068	4,892,480	4,252,466
Filing Date Shares Outstanding	28,265	28,265	28,265	28,265	28,265	28,265
Total Common Shares Outstanding	28,265	28,265	28,265	28,265	28,265	28,265
Total Debt	246,754	200,834	265,677	198,298	295,844	179,461
Net Cash (Debt)	-133,362	-119,234	-161,959	-69,342	-240,025	-143,200
Net Cash Per Share	-4.72	-4.22	-5.73	-2.45	-8.49	-5.07
Book Value Per Share	18.53	18.03	11.60	12.95	16.95	15.92
Tangible Book Value	515,490	501,413	319,415	357,489	470,554	441,715
Tangible Book Value Per Share	18.24	17.74	11.30	12.65	16.65	15.63
Buildings	-	65,032	63,464	-	59,802	50,404
Machinery	-	12,005	11,308	-	9,705	9,443
Construction In Progress	-	5,819	5,182	-	6,789	11,332

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.