Hanwha Life Insurance Co., Ltd. (KRX: 088350)

Hanwha 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	11,808,038	11,961,200	53,591,601	45,303,285	41,894,981	34,489,696
Investments in Equity & Preferred Securities	490,803	602,099	1,862,270	2,432,661	1,101,686	1,069,920
Policy Loans	-	-	-	8,200,115	7,786,111	7,767,395
Other Investments	812,639	685,967	20,496,542	28,822,442	29,549,401	35,568,937
Total Investments	130,736,313	122,350,755	120,131,289	112,206,730	101,308,967	97,076,171
Cash & Equivalents	-	-	-	0	0	0
Reinsurance Recoverable	677,912	723,299	827,782	685,608	646,448	681,459
Other Receivables	15,359,145	16,631,683	18,134,322	16,349,180	13,739,037	14,409,286
Deferred Policy Acquisition Cost	-	-	-	2,284,005	2,335,061	2,308,182
Separate Account Assets	-	-	-	26,181,482	25,322,141	22,128,080
Property, Plant & Equipment	2,118,737	1,821,845	1,804,134	1,884,292	1,901,702	1,855,045
Goodwill	177,311	177,311	-	-	-	-
Other Intangible Assets	240,906	173,906	138,797	985,212	993,623	1,068,105
Other Current Assets	3,880,823	5,691,096	5,119,853	2,643,173	2,388,025	2,240,998
Long-Term Deferred Tax Assets	69,413	52,789	22,700	138,928	9,178	15,338
Long-Term Deferred Charges	197,225	271,880	186,750	176,583	140,351	94,447
Other Long-Term Assets	-22,363	7,279	-55,147	56,180	-9,749	-27,025
Total Assets	153,435,421	147,901,843	146,310,481	163,591,373	148,774,784	141,850,087
Accrued Expenses	738,610	597,756	590,336	526,829	358,102	348,785
Insurance & Annuity Liabilities	-88,345	-45,846	-68,259	101,767,307	99,661,347	94,672,533
Unpaid Claims	-	-	-	4,476,659	4,150,725	4,079,214
Unearned Premiums	-	-	-	932,736	922,838	872,488
Current Income Taxes Payable	12,766	6,301	128,814	65,401	4,493	5,049
Long-Term Debt	11,282,814	10,982,133	9,848,430	6,987,337	552,557	555,982
Long-Term Deferred Tax Liabilities	644,495	1,361,036	2,364,019	585,246	750,306	1,066,200
Separate Account Liability	8,527,505	8,821,899	8,187,640	26,746,306	25,607,557	22,826,271
Other Current Liabilities	1,487,687	2,177,441	2,735,083	1,784,539	183,714	565,789
Other Long-Term Liabilities	116,783,667	108,107,641	102,536,307	5,966,769	3,251,086	2,683,660
Total Liabilities	139,793,060	132,426,755	126,615,800	150,171,792	135,620,150	127,856,812
Common Stock	4,342,650	4,342,650	4,342,650	4,342,650	4,342,650	4,342,650
Additional Paid-In Capital	485,281	485,281	485,281	485,281	485,281	485,281
Retained Earnings	8,060,583	7,609,771	7,929,009	5,083,054	3,251,081	3,924,201
Treasury Stock	-924,085	-924,085	-924,085	-924,085	-924,085	-924,085
Comprehensive Income & Other	-594,237	1,524,554	5,539,149	2,286,948	4,722,013	4,857,812
Total Common Equity	11,370,192	13,038,171	17,372,004	11,273,848	11,876,940	12,685,859
Minority Interest	2,272,170	2,436,916	2,322,677	2,145,733	1,277,694	1,307,416
Shareholders' Equity	13,642,361	15,475,088	19,694,681	13,419,581	13,154,634	13,993,275
Total Liabilities & Equity	153,435,421	147,901,843	146,310,481	163,591,373	148,774,784	141,850,087
Filing Date Shares Outstanding	751.39	751.39	751.39	751.39	751.39	751.39
Total Common Shares Outstanding	751.39	751.39	751.39	751.39	751.39	751.39
Total Debt	11,282,814	10,982,133	9,848,430	6,987,337	552,557	555,982
Net Cash (Debt)	-11,282,814	-10,982,133	-9,848,430	-6,987,337	-552,557	-555,982
Net Cash Per Share	-15365.81	-14534.70	-13063.51	-9282.76	-734.77	-739.94
Book Value Per Share	15132.21	17352.06	23119.82	15003.99	15806.62	16883.18
Tangible Book Value	10,951,975	12,686,954	17,233,207	10,288,637	10,883,317	11,617,754
Tangible Book Value Per Share	14575.62	16884.64	22935.10	13692.80	14484.24	15461.68
Land	963,897	745,057	750,684	914,850	915,543	934,497
Buildings	1,245,040	1,169,796	1,182,135	1,343,348	1,331,733	1,184,610
Machinery	497,326	466,583	431,597	429,990	396,098	336,833
Construction In Progress	38,294	27,160	5,140	2,061	20,315	69,186

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