MIRAE ASSET Life Insurance Co., Ltd. (KRX: 085620)

MIRAE ASSET Life Insurance Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	-	-	13,135,079	11,644,725	11,718,455	11,991,413
Investments in Equity & Preferred Securities	80,425	78,659	309,953	133,441	119,486	107,401
Policy Loans	-	-	-	1,356,001	1,273,654	1,287,354
Other Investments	-	-	4,176,140	3,598,768	3,437,493	3,429,701
Total Investments	28,141,801	28,076,118	30,200,209	18,671,125	19,000,209	18,823,346
Reinsurance Recoverable	26,436	24,241	21,073	63,105	82,656	67,339
Other Receivables	3,014,942	3,237,829	3,518,249	2,204,681	2,161,404	2,149,653
Deferred Policy Acquisition Cost	-	-	-	549,719	454,821	410,228
Separate Account Assets	-	-	-	19,969,920	18,323,052	15,838,351
Property, Plant & Equipment	101,403	89,643	99,053	114,059	123,506	126,958
Other Intangible Assets	8,576	9,400	8,949	40,215	52,872	73,354
Other Current Assets	953,599	1,626,577	1,181,361	351,195	390,603	487,462
Long-Term Deferred Charges	25,573	30,472	31,935	35,784	40,967	40,110
Other Long-Term Assets	-3,019	-2,255	-19,317	-2,533	-1,064	-1,340
Total Assets	32,269,311	33,092,023	35,041,511	41,997,270	40,629,025	38,015,460
Accrued Expenses	86,354	101,348	116,052	113,205	104,112	97,362
Insurance & Annuity Liabilities	0	-0	-0	18,306,092	18,299,640	18,195,309
Unpaid Claims	-	-	-	324,558	323,514	319,497
Unearned Premiums	-	-	-	153,828	164,915	112,648
Reinsurance Payable	-	-	-	36,614	59,054	52,961
Current Income Taxes Payable	-	-	356.67	113.45	60.37	126.64
Long-Term Debt	299,375	549,321	998,790	498,636	199,427	199,349
Long-Term Deferred Tax Liabilities	208,640	352,203	676,667	41,723	66,316	96,321
Separate Account Liability	2,848,514	3,175,249	4,625,375	20,238,592	18,739,960	16,179,731
Other Current Liabilities	86,199	151,510	219,224	55,975	59,408	64,209
Other Long-Term Liabilities	26,309,253	25,840,163	24,312,509	314,703	312,057	349,694
Total Liabilities	29,850,191	30,181,276	30,954,564	40,095,125	38,343,943	35,678,971
Total Preferred Equity	105,634	105,634	105,634	105,634	105,634	105,634
Common Stock	885,081	885,081	885,081	885,081	885,081	885,081
Additional Paid-In Capital	181,384	181,384	181,384	181,384	181,405	181,405
Retained Earnings	1,767,955	1,702,372	1,686,311	849,032	798,283	757,031
Treasury Stock	-371,164	-371,164	-371,164	-371,186	-56,858	-38,593
Comprehensive Income & Other	-149,770	407,441	1,599,701	252,200	371,537	445,931
Total Common Equity	2,313,486	2,805,114	3,981,313	1,796,511	2,179,449	2,230,855
Shareholders' Equity	2,419,120	2,910,748	4,086,947	1,902,145	2,285,083	2,336,489
Total Liabilities & Equity	32,269,311	33,092,023	35,041,511	41,997,270	40,629,025	38,015,460
Filing Date Shares Outstanding	177.02	130.48	130.48	130.48	133.48	138.48
Total Common Shares Outstanding	177.02	130.48	130.48	130.48	133.48	138.48
Total Debt	299,375	549,321	998,790	498,636	199,427	199,349
Net Cash (Debt)	-299,375	-549,321	-998,790	-498,636	-199,427	-199,349
Net Cash Per Share	-2294.41	-4210.00	-7657.39	-3524.17	-1483.53	-1439.59
Book Value Per Share	13069.35	21498.42	30512.82	13768.90	16328.39	16110.05
Tangible Book Value	2,304,910	2,795,714	3,972,364	1,756,297	2,126,577	2,157,501
Tangible Book Value Per Share	13020.90	21426.38	30444.24	13460.69	15932.28	15580.33
Land	6,788	6,925	6,821	7,844	11,151	12,141
Buildings	71,766	71,766	71,766	75,537	73,933	69,720
Machinery	61,882	58,839	59,279	59,747	65,581	60,311

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