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

SHA:601318 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	4,470,889	3,186,937	2,637,008	2,451,664	374,277	466,332
Investments in Equity & Preferred Securities	725,696	542,007	523,754	545,564	552,276	545,220
Policy Loans	-	-	-	-	178,298	161,381
Other Investments	478,566	1,809,130	1,791,165	1,564,868	3,100,715	3,076,268
Total Investments	8,486,269	8,389,205	7,194,235	6,614,085	6,387,768	6,073,093
Cash & Equivalents	935,576	381,829	317,130	354,238	348,088	307,812
Reinsurance Recoverable	26,882	26,084	22,215	20,615	43,128	32,059
Other Receivables	3,480,318	3,582,524	3,448,214	3,375,416	2,757,196	2,524,031
Separate Account Assets	-	-	-	-	36,002	53,059
Property, Plant & Equipment	52,306	57,130	60,195	66,237	63,943	62,458
Goodwill	38,170	43,539	44,116	44,060	23,175	23,031
Other Intangible Assets	22,501	53,724	54,962	55,351	45,287	41,259
Restricted Cash	15,001	219,304	242,227	254,824	234,225	229,881
Other Current Assets	66,311	58,390	42,799	86,993	92,980	99,642
Long-Term Deferred Tax Assets	119,398	122,012	101,337	89,321	65,360	61,901
Other Long-Term Assets	407,261	24,086	55,987	48,800	44,874	19,644
Total Assets	13,649,993	12,957,827	11,583,417	11,009,940	10,142,026	9,527,870
Accounts Payable	6,484	6,871	8,858	10,349	6,663	5,148
Accrued Expenses	255,018	247,542	185,364	194,975	137,954	122,267
Insurance & Annuity Liabilities	5,333,779	4,984,795	4,159,801	3,671,177	3,158,204	2,840,014
Unpaid Claims	-	-	-	-	118,926	109,943
Unearned Premiums	6,567	-	-	-	170,420	177,041
Reinsurance Payable	536	569	53	105	-	-
Current Portion of Long-Term Debt	-	26,549	12,718	10,062	25,885	23,026
Current Portion of Leases	-	4,130	4,295	5,450	6,199	7,199
Short-Term Debt	770,902	557,954	335,125	397,015	249,938	412,705
Current Income Taxes Payable	23,438	14,970	7,117	16,076	16,247	17,283
Long-Term Debt	1,170,914	1,175,192	1,307,951	1,271,220	1,398,360	1,225,207
Long-Term Leases	8,234	4,671	5,939	7,563	8,009	8,421
Long-Term Deferred Tax Liabilities	7,335	13,977	14,148	14,217	13,605	19,267
Separate Account Liability	-	-	-	-	104,686	116,377
Other Current Liabilities	42,695	1,198,931	1,190,187	1,169,197	1,092,755	1,078,586
Other Long-Term Liabilities	4,650,633	3,409,694	3,115,787	3,048,247	2,549,612	2,371,247
Total Liabilities	12,276,535	11,653,115	10,354,453	9,823,944	9,064,303	8,539,965
Common Stock	18,108	18,210	18,210	18,280	18,280	18,280
Additional Paid-In Capital	-	129,606	123,739	118,095	111,598	111,598
Retained Earnings	938,197	850,275	764,567	723,215	683,106	622,957
Treasury Stock	-	-5,001	-5,001	-10,996	-9,895	-5,995
Comprehensive Income & Other	30,101	-64,490	-2,504	20,597	9,316	15,720
Total Common Equity	986,406	928,600	899,011	869,191	812,405	762,560
Minority Interest	387,052	376,112	329,953	316,805	265,318	225,345
Shareholders' Equity	1,373,458	1,304,712	1,228,964	1,185,996	1,077,723	987,905
Total Liabilities & Equity	13,649,993	12,957,827	11,583,417	11,009,940	10,142,026	9,527,870
Filing Date Shares Outstanding	18,108	18,108	18,108	18,108	18,132	18,210
Total Common Shares Outstanding	18,108	18,108	18,108	18,108	18,132	18,210
Total Debt	1,950,050	1,768,496	1,666,028	1,691,310	1,688,391	1,676,558
Net Cash (Debt)	-1,014,474	-1,386,667	-1,348,898	-1,337,072	-1,340,303	-1,368,746
Net Cash Per Share	-55.48	-76.58	-74.63	-75.50	-75.42	-76.92
Book Value Per Share	54.47	51.28	49.65	48.00	44.80	41.88
Tangible Book Value	925,735	831,337	799,933	769,780	743,943	698,270
Tangible Book Value Per Share	51.12	45.91	44.18	42.51	41.03	38.34
Buildings	-	53,711	50,280	48,870	43,429	37,643
Machinery	-	26,075	28,044	28,665	26,756	25,032
Construction In Progress	-	3,109	4,047	2,718	3,169	3,118
Leasehold Improvements	-	14,743	13,503	12,970	12,485	11,653

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.