PICC Property and Casualty Company Limited (PPCCF)

PPCCF Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	309,041	277,438	221,265	207,245	183,983	168,305
Investments in Equity & Preferred Securities	176,816	169,522	147,670	122,167	120,855	116,342
Other Investments	74,495	87,969	62,031	209,585	190,795	187,567
Total Investments	696,187	662,229	582,589	554,580	515,768	488,016
Cash & Equivalents	9,466	8,557	12,280	10,853	13,309	14,173
Reinsurance Recoverable	37,878	44,644	42,768	39,645	56,772	52,022
Other Receivables	1,333	5,688	4,435	8,379	44,953	39,872
Property, Plant & Equipment	28,107	29,825	29,527	30,332	29,669	30,812
Other Intangible Assets	2,267	2,706	2,811	2,765	2,676	2,453
Restricted Cash	4,570	4,633	4,726	4,449	4,449	4,449
Other Current Assets	8,852	8,268	11,429	6,445	6,099	7,596
Long-Term Deferred Tax Assets	11,992	8,392	10,139	12,083	7,116	5,055
Other Long-Term Assets	3,953	3,302	2,919	2,931	1,811	2,353
Total Assets	804,605	778,244	703,623	672,462	682,622	646,801
Accrued Expenses	30,124	30,908	28,481	25,034	28,911	27,295
Insurance & Annuity Liabilities	422,758	406,825	376,386	356,014	172,348	156,367
Unpaid Claims	-	-	-	-	3,457	4,496
Unearned Premiums	4,408	6,696	4,963	4,755	193,059	182,124
Reinsurance Payable	43	59	21	-	22,496	21,818
Current Portion of Leases	-	575	585	525	614	661
Short-Term Debt	31,323	39,642	40,037	41,690	37,985	29,028
Current Income Taxes Payable	2,144	-	8	3,446	856	38
Long-Term Debt	12,188	20,433	8,365	8,097	8,058	23,297
Long-Term Leases	1,191	726	731	959	1,172	1,007
Other Long-Term Liabilities	11,980	11,758	9,742	10,337	8,017	10,639
Total Liabilities	523,544	517,622	469,319	450,857	476,973	456,770
Common Stock	22,242	22,242	22,242	22,242	22,242	22,242
Additional Paid-In Capital	11,362	11,362	11,346	11,347	11,412	11,412
Retained Earnings	221,623	202,170	184,659	170,442	142,548	128,530
Comprehensive Income & Other	23,097	22,150	13,173	14,682	26,685	25,329
Total Common Equity	278,324	257,924	231,420	218,713	202,887	187,513
Minority Interest	2,737	2,698	2,884	2,892	2,762	2,518
Shareholders' Equity	281,061	260,622	234,304	221,605	205,649	190,031
Total Liabilities & Equity	804,605	778,244	703,623	672,462	682,622	646,801
Filing Date Shares Outstanding	22,243	22,243	22,243	22,243	22,243	22,243
Total Common Shares Outstanding	22,243	22,243	22,243	22,243	22,243	22,243
Total Debt	44,702	61,376	49,718	51,271	47,829	53,993
Net Cash (Debt)	-35,236	-52,819	-37,438	-40,418	-34,520	-39,820
Net Cash Per Share	-1.58	-2.37	-1.68	-1.82	-1.55	-1.79
Book Value Per Share	12.51	11.60	10.40	9.83	9.12	8.43
Tangible Book Value	276,057	255,218	228,609	215,948	200,211	185,060
Tangible Book Value Per Share	12.41	11.47	10.28	9.71	9.00	8.32
Land	-	27,059	26,415	25,257	25,813	21,461
Machinery	-	12,300	11,189	10,802	10,859	11,196
Construction In Progress	-	5,145	5,378	6,390	3,676	8,902

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