New China Life Insurance Company Ltd. (SHA: 601336)

New China Life Insurance Company 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	721,490	660,410	578,201	542,343	553,417	530,781
Investments in Equity & Preferred Securities	42,889	10,544	229,120	227,533	192,713	147,078
Policy Loans	-	-	-	40,806	37,732	35,148
Other Investments	292,275	261,249	236,394	172,652	124,472	79,722
Total Investments	1,581,160	1,321,825	1,132,733	1,062,761	949,489	824,815
Cash & Equivalents	23,447	21,788	17,586	15,476	12,993	11,659
Reinsurance Recoverable	10,274	9,802	10,590	3,981	3,666	3,028
Other Receivables	7,292	234	15,336	15,170	12,763	11,169
Separate Account Assets	-	-	-	236	-	163
Property, Plant & Equipment	19,040	18,899	18,736	19,171	16,935	15,487
Other Intangible Assets	3,853	4,063	4,002	3,792	3,753	3,726
Restricted Cash	1,803	1,784	1,715	-	1,715	109
Other Current Assets	-	518	1,005	1,627	1,042	2,850
Long-Term Deferred Tax Assets	19,131	10,709	7,890	196	153	162
Long-Term Deferred Charges	-	-	-	374	-	425
Other Long-Term Assets	1,028	13,635	5,343	4,937	1,867	5,377
Total Assets	1,667,028	1,403,257	1,214,936	1,127,721	1,004,376	878,970
Accounts Payable	-	547	416	-	455	312
Accrued Expenses	7,737	5,743	6,297	6,813	7,023	5,018
Insurance & Annuity Liabilities	1,330,767	1,147,420	1,014,502	859,935	750,372	700,933
Unpaid Claims	-	-	-	8,155	8,247	7,315
Unearned Premiums	309	-	-	6,680	8,807	6,369
Reinsurance Payable	-	-	-	504	297	220
Current Portion of Leases	-	361	430	-	426	-
Short-Term Debt	193,332	113,474	52,827	55,415	41,888	68,190
Current Income Taxes Payable	237	26	21	171	30	157
Long-Term Debt	30,498	20,262	10,000	10,000	10,000	-
Long-Term Leases	732	399	425	1,040	638	961
Long-Term Deferred Tax Liabilities	86	56	57	1,118	2,673	298
Separate Account Liability	-	-	-	224	196	152
Other Current Liabilities	4,196	-	-	-	2,516	177
Other Long-Term Liabilities	7,607	9,407	31,481	68,662	68,624	2,567
Total Liabilities	1,575,961	1,298,165	1,116,940	1,019,207	902,696	794,509
Common Stock	3,120	3,120	3,120	3,120	3,120	3,120
Additional Paid-In Capital	-	23,964	23,964	23,905	23,964	23,870
Retained Earnings	147,089	129,061	107,983	74,007	63,396	53,501
Comprehensive Income & Other	-59,170	-51,078	-37,092	7,465	11,187	3,960
Total Common Equity	91,039	105,067	97,975	108,497	101,667	84,451
Minority Interest	28	25	21	17	13	10
Shareholders' Equity	91,067	105,092	97,996	108,514	101,680	84,461
Total Liabilities & Equity	1,667,028	1,403,257	1,214,936	1,127,721	1,004,376	878,970
Filing Date Shares Outstanding	3,120	3,120	3,120	3,120	3,120	3,120
Total Common Shares Outstanding	3,120	3,120	3,120	3,120	3,120	3,120
Total Debt	224,562	134,496	63,682	66,455	52,952	69,151
Net Cash (Debt)	-201,115	-112,708	-46,096	-50,979	-39,959	-57,492
Net Cash Per Share	-64.45	-36.12	-14.77	-16.34	-12.81	-18.43
Book Value Per Share	29.18	33.68	31.41	34.78	32.59	27.07
Tangible Book Value	87,186	101,004	93,973	104,705	97,914	80,725
Tangible Book Value Per Share	27.95	32.38	30.12	33.56	31.39	25.88
Buildings	-	17,724	17,515	16,473	12,453	10,762
Machinery	-	2,150	1,650	1,561	1,378	1,246
Construction In Progress	-	2,039	1,877	2,649	4,059	4,170

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