Tong Yang Life Insurance Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	-	-	17,372,273	16,438,969
Investments in Equity & Preferred Securities	-	51,643	-	135,673	433,009
Policy Loans	-	-	-	-	1,572,652
Other Investments	829,071	948,289	1,571,671	5,162,371	6,475,662
Total Investments	30,978,751	29,085,187	27,716,860	29,446,181	27,837,923
Cash & Equivalents	-	-	-	0	0
Reinsurance Recoverable	448,682	449,127	12,333	31,869	45,143
Other Receivables	3,379,653	4,448,850	4,771,333	4,984,947	4,171,305
Deferred Policy Acquisition Cost	-	-	-	-	676,786
Separate Account Assets	-	-	-	-	4,167,186
Property, Plant & Equipment	91,039	91,013	59,257	70,943	64,681
Other Intangible Assets	11,336	9,624	7,424	7,770	6,926
Other Current Assets	194,758	252,974	290,571	303,877	115,125
Long-Term Deferred Tax Assets	226,337	204,473	-	-	-
Long-Term Deferred Charges	16,460	9,081	12,554	17,031	15,155
Other Long-Term Assets	221	-3,844	-895	3,968	3,115
Total Assets	35,347,237	34,546,485	32,869,437	34,866,587	37,103,345
Accrued Expenses	-	-	30,197	19,823	83,503
Insurance & Annuity Liabilities	-	-	-2,496	-0	26,340,756
Unpaid Claims	-	-	-	-	2,117,147
Unearned Premiums	-	-	-	-	201,905
Reinsurance Payable	-	-	-	-	22,814
Long-Term Debt	1,210,212	299,129	200,000	300,000	300,000
Long-Term Deferred Tax Liabilities	-	-	91,282	681,479	95,437
Separate Account Liability	3,702,749	3,469,088	3,058,395	2,463,631	4,373,760
Other Current Liabilities	556,530	426,328	54,408	213,371	186,182
Other Long-Term Liabilities	28,318,389	28,357,264	26,522,465	26,318,689	334,475
Total Liabilities	33,798,362	32,577,372	29,965,471	30,006,997	34,059,409
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	1,618,981	1,517,405	1,292,739	1,778,495	1,312,037
Treasury Stock	-58,551	-59,848	-60,458	-60,806	-60,806
Comprehensive Income & Other	-1,282,028	-758,917	401,213	1,871,427	522,232
Total Common Equity	1,548,875	1,969,113	2,903,967	4,859,590	3,043,936
Shareholders' Equity	1,548,875	1,969,113	2,903,967	4,859,590	3,043,936
Total Liabilities & Equity	35,347,237	34,546,485	32,869,437	34,866,587	37,103,345
Filing Date Shares Outstanding	156.06	155.95	155.89	155.86	155.86
Total Common Shares Outstanding	156.06	155.95	155.89	155.86	155.86
Total Debt	1,210,212	299,129	200,000	300,000	300,000
Net Cash (Debt)	-1,210,212	-299,129	-200,000	-300,000	-300,000
Net Cash Per Share	-7755.03	-1918.24	-1282.99	-1924.82	-1924.82
Book Value Per Share	9924.70	12626.95	18628.30	31179.48	19530.11
Tangible Book Value	1,537,539	1,959,489	2,896,543	4,851,820	3,037,010
Tangible Book Value Per Share	9852.07	12565.24	18580.67	31129.63	19485.68
Land	30,036	24,117	25,452	29,945	23,535
Buildings	29,149	25,553	30,550	36,495	28,139
Machinery	52,801	52,090	47,929	51,028	50,203

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