China Life Insurance Company Limited (SHA:601628)

SHA:601628 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	3,655,649	3,127,698	1,574,204	2,327,297	1,770,179
Investments in Equity & Preferred Securities	473,894	1,358,473	262,488	893,696	874,377
Policy Loans	-	-	-	236,209	204,252
Other Investments	467,911	423,607	2,485,998	539,762	552,875
Total Investments	6,517,871	4,922,531	4,335,883	4,217,102	3,577,464
Cash & Equivalents	81,600	103,718	128,956	55,819	36,261
Reinsurance Recoverable	30,738	25,846	24,096	6,630	6,095
Other Receivables	22,014	407,899	391,521	522,837	535,879
Separate Account Assets	-	-	-	9	10
Property, Plant & Equipment	55,221	54,774	55,887	57,388	54,846
Other Intangible Assets	8,262	8,369	8,532	8,507	8,341
Restricted Cash	4,919	46,802	-	5,075	21,372
Other Current Assets	759	661	-	7,546	2,799
Long-Term Deferred Tax Assets	40,026	74,818	46,126	121	87
Long-Term Deferred Charges	441	473	-	822	1,062
Other Long-Term Assets	7,695	7,836	19,067	10,624	8,250
Total Assets	6,769,546	5,653,727	5,010,068	4,892,480	4,252,466
Accrued Expenses	11,283	11,160	12,075	19,074	20,258
Insurance & Annuity Liabilities	-	-	4,266,947	3,843,528	3,369,850
Unpaid Claims	64,339	62,108	-	83,052	77,022
Unearned Premiums	5,789,447	4,845,945	49,654	62,761	67,722
Reinsurance Payable	160	188	160	808	1,036
Current Portion of Long-Term Debt	9,471	-	-	794	-
Current Portion of Leases	767	757	-	1,093	1,273
Short-Term Debt	151,629	216,704	148,958	240,922	123,890
Current Income Taxes Payable	237	309	942	248	191
Long-Term Debt	38,416	47,718	47,771	51,946	52,907
Long-Term Leases	551	498	1,569	1,089	1,391
Long-Term Deferred Tax Liabilities	147	1,549	272	7,481	15,286
Separate Account Liability	-	-	-	9	10
Other Current Liabilities	61,915	8,292	-	1,159	965
Other Long-Term Liabilities	118,620	119,940	106,747	89,371	62,287
Total Liabilities	6,248,298	5,316,011	4,635,095	4,405,346	3,795,529
Common Stock	28,265	28,265	28,265	28,265	28,265
Additional Paid-In Capital	54,158	53,934	53,554	55,004	53,999
Retained Earnings	559,221	433,633	396,312	345,493	312,930
Comprehensive Income & Other	-131,969	-188,048	-112,110	50,299	54,862
Total Common Equity	509,675	327,784	366,021	479,061	450,056
Minority Interest	11,573	9,932	8,952	8,073	6,881
Shareholders' Equity	521,248	337,716	374,973	487,134	456,937
Total Liabilities & Equity	6,769,546	5,653,727	5,010,068	4,892,480	4,252,466
Filing Date Shares Outstanding	28,265	28,265	28,265	28,265	28,265
Total Common Shares Outstanding	28,265	28,265	28,265	28,265	28,265
Total Debt	200,834	265,677	198,298	295,844	179,461
Net Cash (Debt)	-119,234	-161,959	-69,342	-240,025	-143,200
Net Cash Per Share	-4.22	-5.73	-2.45	-8.49	-5.07
Book Value Per Share	18.03	11.60	12.95	16.95	15.92
Tangible Book Value	501,413	319,415	357,489	470,554	441,715
Tangible Book Value Per Share	17.74	11.30	12.65	16.65	15.63
Buildings	65,032	63,464	-	59,802	50,404
Machinery	12,005	11,308	-	9,705	9,443
Construction In Progress	5,819	5,182	-	6,789	11,332

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.