Ping An Insurance (Group) Company of China, Ltd. (SHA: 601318)

Ping An Insurance (Group) Company of China Balance Sheet

Financials in millions CNY. 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	2,968,935	2,637,008	2,451,664	374,277	466,332	433,718
Investments in Equity & Preferred Securities	506,509	523,754	545,564	552,276	545,220	486,320
Policy Loans	-	-	-	178,298	161,381	139,326
Other Investments	1,289,932	1,791,165	1,564,868	3,100,715	3,076,268	2,630,487
Total Investments	7,136,001	7,194,235	6,614,085	6,387,768	6,073,093	5,115,883
Cash & Equivalents	491,430	317,130	354,238	348,088	307,812	208,953
Reinsurance Recoverable	24,385	22,215	20,615	43,128	32,059	29,198
Other Receivables	4,418,314	3,448,214	3,375,416	2,757,196	2,524,031	2,311,580
Separate Account Assets	-	-	-	36,002	53,059	46,131
Property, Plant & Equipment	58,656	60,195	66,237	63,943	62,458	63,524
Goodwill	-	44,116	44,060	23,175	23,031	20,927
Other Intangible Assets	97,614	54,962	55,351	45,287	41,259	42,406
Restricted Cash	15,055	242,227	254,824	234,225	229,881	225,046
Other Current Assets	43,469	42,799	86,993	92,980	99,642	87,770
Long-Term Deferred Tax Assets	113,968	101,337	89,321	65,360	61,901	50,301
Other Long-Term Assets	134,844	55,987	48,800	44,874	19,644	21,210
Total Assets	12,533,736	11,583,417	11,009,940	10,142,026	9,527,870	8,222,929
Accounts Payable	7,521	8,858	10,349	6,663	5,148	4,821
Accrued Expenses	-	185,364	194,975	137,954	122,267	96,352
Insurance & Annuity Liabilities	4,766,596	4,159,801	3,671,177	3,158,204	2,840,014	2,498,931
Unpaid Claims	-	-	-	118,926	109,943	98,147
Unearned Premiums	-	-	-	170,420	177,041	158,680
Reinsurance Payable	546	53	105	-	-	-
Current Portion of Long-Term Debt	-	12,718	10,062	25,885	23,026	31,010
Current Portion of Leases	-	4,295	5,450	6,199	7,199	7,364
Short-Term Debt	289,427	335,125	397,015	249,938	412,705	292,719
Current Income Taxes Payable	6,363	7,117	16,076	16,247	17,283	12,445
Long-Term Debt	1,813,670	1,307,951	1,271,220	1,398,360	1,225,207	1,005,288
Long-Term Leases	8,898	5,939	7,563	8,009	8,421	8,622
Long-Term Deferred Tax Liabilities	14,122	14,148	14,217	13,605	19,267	22,282
Separate Account Liability	-	-	-	104,686	116,377	99,252
Other Current Liabilities	47,338	1,190,187	1,169,197	1,092,755	1,078,586	752,292
Other Long-Term Liabilities	4,299,664	3,115,787	3,048,247	2,549,612	2,371,247	2,273,389
Total Liabilities	11,254,145	10,354,453	9,823,944	9,064,303	8,539,965	7,370,559
Common Stock	18,210	18,210	18,280	18,280	18,280	18,280
Additional Paid-In Capital	-	123,739	118,095	111,598	111,598	111,598
Retained Earnings	698,489	764,567	723,215	683,106	622,957	518,099
Treasury Stock	-5,001	-5,001	-10,996	-9,895	-5,995	-5,001
Comprehensive Income & Other	196,241	-2,504	20,597	9,316	15,720	30,185
Total Common Equity	907,939	899,011	869,191	812,405	762,560	673,161
Minority Interest	371,652	329,953	316,805	265,318	225,345	179,209
Shareholders' Equity	1,279,591	1,228,964	1,185,996	1,077,723	987,905	852,370
Total Liabilities & Equity	12,533,736	11,583,417	11,009,940	10,142,026	9,527,870	8,222,929
Filing Date Shares Outstanding	18,108	18,108	18,108	18,132	18,210	18,223
Total Common Shares Outstanding	18,108	18,108	18,108	18,132	18,210	18,223
Total Debt	2,111,995	1,666,028	1,691,310	1,688,391	1,676,558	1,345,003
Net Cash (Debt)	-1,620,565	-1,348,898	-1,337,072	-1,340,303	-1,368,746	-1,136,050
Net Cash Per Share	-89.45	-74.63	-75.50	-75.42	-76.92	-63.70
Book Value Per Share	50.14	49.65	48.00	44.80	41.88	36.94
Tangible Book Value	810,325	799,933	769,780	743,943	698,270	609,828
Tangible Book Value Per Share	44.75	44.18	42.51	41.03	38.34	33.47
Buildings	-	50,280	48,870	43,429	37,643	37,900
Machinery	-	28,044	28,665	26,756	25,032	23,394
Construction In Progress	-	4,047	2,718	3,169	3,118	2,240
Leasehold Improvements	-	13,503	12,970	12,485	11,653	10,849

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