China Life Insurance Company Limited (HKG:2628)
Hong Kong · Delayed Price · Currency is HKD 29.26
+0.78 (2.74%)
Aug 5, 2026, 4:08 PM HKT
HKG:2628 Balance Sheet
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 | 4,201,311 | 4,100,034 | 3,655,649 | 3,127,698 | 1,574,204 | 2,327,297 |
Investments in Equity & Preferred Securities | 711,927 | 625,664 | 473,894 | 1,358,473 | 262,488 | 893,696 |
Policy Loans | - | - | - | - | - | 236,209 |
Other Investments | 465,542 | 468,208 | 467,911 | 423,607 | 2,485,998 | 539,762 |
Total Investments | 7,406,212 | 7,272,896 | 6,517,871 | 4,922,531 | 4,335,883 | 4,217,102 |
Cash & Equivalents | 137,688 | 133,750 | 80,619 | 103,718 | 128,956 | 55,819 |
Reinsurance Recoverable | 28,928 | 30,014 | 30,738 | 25,846 | 24,096 | 6,630 |
Other Receivables | - | 37,469 | 22,014 | 407,899 | 391,521 | 522,837 |
Separate Account Assets | - | - | - | - | - | 9 |
Property, Plant & Equipment | 54,096 | 54,446 | 55,221 | 54,774 | 55,887 | 57,388 |
Other Intangible Assets | 7,990 | 8,090 | 8,262 | 8,369 | 8,532 | 8,507 |
Restricted Cash | - | 9,569 | 5,900 | 46,802 | - | 5,075 |
Other Current Assets | - | 1,942 | 759 | 661 | - | 7,546 |
Long-Term Deferred Tax Assets | 41,596 | 34,431 | 40,026 | 74,818 | 46,126 | 121 |
Long-Term Deferred Charges | - | 418 | 441 | 473 | - | 822 |
Other Long-Term Assets | 38,564 | 7,979 | 7,695 | 7,836 | 19,067 | 10,624 |
Total Assets | 7,715,074 | 7,591,004 | 6,769,546 | 5,653,727 | 5,010,068 | 4,892,480 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Accrued Expenses | 12,680 | 14,814 | 11,814 | 11,160 | 12,075 | 19,074 |
Insurance & Annuity Liabilities | 6,616,793 | - | - | - | 4,266,947 | 3,843,528 |
Unpaid Claims | - | 63,641 | 64,339 | 62,108 | - | 83,052 |
Unearned Premiums | 2,623 | 6,360,700 | 5,789,447 | 4,845,945 | 49,654 | 62,761 |
Reinsurance Payable | 310 | 312 | 160 | 188 | 160 | 808 |
Current Portion of Long-Term Debt | - | - | 9,471 | - | - | 794 |
Current Portion of Leases | - | 777 | 767 | 757 | - | 1,093 |
Short-Term Debt | 238,962 | 331,869 | 151,629 | 216,704 | 148,958 | 240,922 |
Current Income Taxes Payable | 2,106 | 298 | 237 | 309 | 942 | 248 |
Long-Term Debt | 35,431 | 35,245 | 38,416 | 47,718 | 47,771 | 51,946 |
Long-Term Leases | 1,480 | 762 | 551 | 498 | 1,569 | 1,089 |
Long-Term Deferred Tax Liabilities | 1,664 | 1,480 | 147 | 1,549 | 272 | 7,481 |
Separate Account Liability | - | - | - | - | - | 9 |
Other Current Liabilities | 91,755 | 87,656 | 60,859 | 8,292 | - | 1,159 |
Other Long-Term Liabilities | 99,283 | 83,520 | 119,145 | 119,940 | 106,747 | 89,371 |
Total Liabilities | 7,103,087 | 6,982,611 | 6,248,298 | 5,316,011 | 4,635,095 | 4,405,346 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Common Stock | 28,265 | 28,265 | 28,265 | 28,265 | 28,265 | 28,265 |
Additional Paid-In Capital | 54,532 | 53,861 | 53,861 | 53,934 | 53,554 | 55,004 |
Retained Earnings | 715,980 | 697,747 | 559,221 | 433,633 | 396,312 | 345,493 |
Comprehensive Income & Other | -200,517 | -184,668 | -131,672 | -188,048 | -112,110 | 50,299 |
Total Common Equity | 598,260 | 595,205 | 509,675 | 327,784 | 366,021 | 479,061 |
Minority Interest | 13,727 | 13,188 | 11,573 | 9,932 | 8,952 | 8,073 |
Shareholders' Equity | 611,987 | 608,393 | 521,248 | 337,716 | 374,973 | 487,134 |
Total Liabilities & Equity | 7,715,074 | 7,591,004 | 6,769,546 | 5,653,727 | 5,010,068 | 4,892,480 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
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 | 275,873 | 368,653 | 200,834 | 265,677 | 198,298 | 295,844 |
Net Cash (Debt) | -138,185 | -234,903 | -120,215 | -161,959 | -69,342 | -240,025 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -4.89 | -8.31 | -4.25 | -5.73 | -2.45 | -8.49 |
Book Value Per Share | 21.17 | 21.06 | 18.03 | 11.60 | 12.95 | 16.95 |
Tangible Book Value | 590,270 | 587,115 | 501,413 | 319,415 | 357,489 | 470,554 |
Tangible Book Value Per Share | 20.88 | 20.77 | 17.74 | 11.30 | 12.65 | 16.65 |
Buildings | - | 68,722 | 65,032 | 63,464 | - | 59,802 |
Machinery | - | 12,183 | 12,005 | 11,308 | - | 9,705 |
Construction In Progress | - | 3,778 | 5,819 | 5,182 | - | 6,789 |