The People's Insurance Company (Group) of China Limited (SHA:601319)

SHA:601319 Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	839,812	657,322	516,814	454,936	379,594
Investments in Equity & Preferred Securities	283,594	253,206	322,390	135,663	124,933
Policy Loans	-	-	-	5,889	5,295
Other Investments	143,863	87,589	359,500	494,853	496,228
Total Investments	1,600,171	1,396,928	1,252,090	1,162,140	1,052,729
Cash & Equivalents	24,907	20,429	21,365	21,786	23,128
Reinsurance Recoverable	44,727	43,608	40,147	59,252	52,875
Other Receivables	10,148	7,558	21,670	52,833	48,114
Property, Plant & Equipment	34,966	34,829	41,239	41,344	41,142
Goodwill	-	198	198	198	-
Other Intangible Assets	8,463	8,301	3,523	3,471	3,105
Restricted Cash	16,060	14,874	12,923	12,994	12,994
Other Current Assets	10,366	12,027	6,344	6,487	7,056
Long-Term Deferred Tax Assets	12,495	13,900	16,788	10,143	8,337
Long-Term Deferred Charges	176	215	-	-	-
Other Long-Term Assets	3,905	4,292	-	6,209	6,584
Total Assets	1,766,384	1,557,159	1,416,287	1,376,857	1,256,064
Accounts Payable	1,494	2,023	2,055	2,520	3,224
Accrued Expenses	42,688	39,464	35,919	39,671	36,529
Insurance & Annuity Liabilities	1,134,609	993,291	890,684	426,202	352,877
Unpaid Claims	-	-	-	190,834	175,714
Unearned Premiums	7,319	5,625	4,685	199,683	186,447
Reinsurance Payable	71	118	3,614	26,928	26,632
Current Portion of Leases	663	791	787	983	1,000
Short-Term Debt	111,236	108,969	100,890	77,598	85,826
Current Income Taxes Payable	362	567	4,028	1,083	373
Long-Term Debt	50,132	37,992	43,904	44,441	57,552
Long-Term Leases	1,450	1,479	1,504	2,010	1,792
Long-Term Deferred Tax Liabilities	464	402	2,022	2,053	1,449
Other Current Liabilities	11,083	5,574	-	-	2,245
Other Long-Term Liabilities	34,792	26,475	18,526	63,086	48,015
Total Liabilities	1,399,158	1,225,490	1,111,394	1,079,964	982,508
Common Stock	44,224	44,224	44,224	44,224	44,224
Additional Paid-In Capital	23,973	23,973	23,973	23,973	23,973
Retained Earnings	227,024	189,830	167,788	147,395	131,978
Comprehensive Income & Other	-26,488	-15,672	-11,832	3,664	2,305
Total Common Equity	268,733	242,355	224,153	219,256	202,480
Minority Interest	98,493	89,314	80,740	77,637	71,076
Shareholders' Equity	367,226	331,669	304,893	296,893	273,556
Total Liabilities & Equity	1,766,384	1,557,159	1,416,287	1,376,857	1,256,064
Filing Date Shares Outstanding	44,224	44,224	44,224	44,224	44,224
Total Common Shares Outstanding	44,224	44,224	44,224	44,224	44,224
Total Debt	163,481	149,231	147,085	125,032	146,170
Net Cash (Debt)	-138,574	-128,802	-125,720	-103,246	-123,042
Net Cash Per Share	-3.13	-2.91	-2.84	-2.33	-2.78
Book Value Per Share	6.08	5.48	5.07	4.96	4.58
Tangible Book Value	260,270	233,856	220,432	215,587	199,375
Tangible Book Value Per Share	5.89	5.29	4.98	4.87	4.51
Land	-	-	37,395	37,867	31,740
Buildings	38,023	37,395	-	-	-
Machinery	15,368	13,790	13,039	12,918	13,026
Construction In Progress	5,345	5,532	6,539	3,808	9,091

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.