Tong Yang Life Insurance Co., Ltd. (KRX:082640)

Tong Yang Life Insurance Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	-	17,372,273	16,438,969	15,768,925
Investments in Equity & Preferred Securities	51,643	-	135,673	433,009	637,979
Policy Loans	-	-	-	1,572,652	1,537,269
Other Investments	948,289	1,571,671	5,162,371	6,475,662	5,497,858
Total Investments	29,085,187	27,716,860	29,446,181	27,837,923	26,860,301
Cash & Equivalents	-	-	0	0	-0
Reinsurance Recoverable	449,127	12,333	31,869	45,143	42,721
Other Receivables	4,448,850	4,771,333	4,984,947	4,171,305	4,448,770
Deferred Policy Acquisition Cost	-	-	-	676,786	733,483
Separate Account Assets	-	-	-	4,167,186	3,716,333
Property, Plant & Equipment	91,014	59,257	70,943	64,681	63,305
Other Intangible Assets	9,624	7,424	7,770	6,926	7,753
Other Current Assets	252,974	290,571	303,877	115,125	362,771
Long-Term Deferred Tax Assets	205,200	-	-	-	-
Long-Term Deferred Charges	9,081	12,554	17,031	15,155	17,754
Other Long-Term Assets	-3,844	-895	3,968	3,115	-159
Total Assets	34,547,212	32,869,437	34,866,587	37,103,345	36,253,033
Accrued Expenses	32,902	30,197	19,823	83,503	84,303
Insurance & Annuity Liabilities	2,335	-2,496	-0	26,340,756	26,335,674
Unpaid Claims	-	-	-	2,117,147	1,888,661
Unearned Premiums	-	-	-	201,905	269,609
Reinsurance Payable	-	-	-	22,814	19,730
Long-Term Debt	300,000	200,000	300,000	300,000	300,000
Long-Term Deferred Tax Liabilities	-	91,282	681,479	95,437	111,515
Separate Account Liability	3,469,088	3,058,395	2,463,631	4,373,760	3,785,552
Other Current Liabilities	426,328	54,408	213,371	186,182	49,267
Other Long-Term Liabilities	28,324,301	26,522,465	26,318,689	334,475	327,996
Total Liabilities	32,580,517	29,965,471	30,006,997	34,059,409	33,183,129
Common Stock	806,793	806,793	806,793	806,793	806,793
Additional Paid-In Capital	463,680	463,680	463,680	463,680	463,680
Retained Earnings	1,517,405	1,292,739	1,778,495	1,312,037	1,088,848
Treasury Stock	-59,848	-60,458	-60,806	-60,806	-60,806
Comprehensive Income & Other	-761,336	401,213	1,871,427	522,232	771,389
Total Common Equity	1,966,695	2,903,967	4,859,590	3,043,936	3,069,904
Shareholders' Equity	1,966,695	2,903,967	4,859,590	3,043,936	3,069,904
Total Liabilities & Equity	34,547,212	32,869,437	34,866,587	37,103,345	36,253,033
Filing Date Shares Outstanding	155.95	155.89	155.86	155.86	155.86
Total Common Shares Outstanding	155.95	155.89	155.86	155.86	155.86
Total Debt	300,000	200,000	300,000	300,000	300,000
Net Cash (Debt)	-300,000	-200,000	-300,000	-300,000	-300,000
Net Cash Per Share	-1923.82	-1282.99	-1924.82	-1924.82	-1924.82
Book Value Per Share	12611.44	18628.30	31179.48	19530.11	19696.73
Tangible Book Value	1,957,071	2,896,543	4,851,820	3,037,010	3,062,151
Tangible Book Value Per Share	12549.73	18580.67	31129.63	19485.68	19646.98
Land	24,117	25,452	29,945	23,535	24,605
Buildings	25,553	30,550	36,495	28,139	29,126
Machinery	52,090	47,929	51,028	50,203	49,619

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