Union Insurance Co., Ltd. (TPE:2816)

Union Insurance Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	3,401	3,342	2,165	2,304	972.42	1,128
Investments in Equity & Preferred Securities	2,230	2,203	2,351	2,141	2,080	2,356
Other Investments	4,089	3,488	2,524	2,157	3,038	2,525
Total Investments	12,441	12,437	9,809	8,255	8,827	8,768
Cash & Equivalents	2,250	2,160	2,781	2,367	2,871	1,816
Reinsurance Recoverable	5,221	5,327	4,202	4,252	3,860	3,921
Other Receivables	943.55	665.01	563.22	622.54	680.98	668.11
Property, Plant & Equipment	1,523	1,500	1,305	1,304	1,280	1,174
Other Intangible Assets	203.58	213.97	165.17	113.37	120.57	136.98
Other Current Assets	-	525	-	-	-	-
Other Long-Term Assets	891.44	402.17	1,102	1,388	1,382	1,261
Total Assets	23,473	23,231	19,928	18,302	19,021	17,745
Accounts Payable	310.34	-	-	-	435.99	418.21
Accrued Expenses	262.42	667.97	196.35	178.34	178.45	172.9
Insurance & Annuity Liabilities	235.6	129.73	98.34	42.43	-	-
Unpaid Claims	7,104	7,175	5,993	5,771	5,101	4,482
Unearned Premiums	7,351	6,935	6,314	6,363	5,860	5,848
Reinsurance Payable	386.61	612.44	485.63	556.09	623.84	674.22
Current Portion of Leases	14.67	7.62	13.7	8.12	12.76	6.53
Current Income Taxes Payable	251.84	180.91	94.89	-	102.94	0.18
Long-Term Leases	13.74	5.73	4.23	3.81	5.5	1.34
Long-Term Deferred Tax Liabilities	62.7	63.92	63.92	63.92	63.92	63.92
Other Current Liabilities	10.9	13.8	12.41	9.84	11.02	12.91
Other Long-Term Liabilities	18.04	54.13	451.52	389.89	4.35	3.88
Total Liabilities	16,092	15,916	13,827	13,497	12,579	11,898
Common Stock	2,236	2,236	2,236	2,236	2,236	2,236
Retained Earnings	5,158	5,127	3,842	2,635	4,126	3,553
Comprehensive Income & Other	-13.08	-48.42	22.17	-66.03	79.48	58.46
Total Common Equity	7,381	7,315	6,101	4,805	6,442	5,847
Shareholders' Equity	7,381	7,315	6,101	4,805	6,442	5,847
Total Liabilities & Equity	23,473	23,231	19,928	18,302	19,021	17,745
Filing Date Shares Outstanding	223.61	223.61	223.61	223.61	223.61	223.61
Total Common Shares Outstanding	223.61	223.61	223.61	223.61	223.61	223.61
Total Debt	28.41	13.35	17.93	11.93	18.26	7.86
Net Cash (Debt)	2,221	2,147	2,763	2,355	2,853	1,808
Net Cash Growth	-1.68%	-22.30%	17.35%	-17.45%	57.76%	-3.02%
Net Cash Per Share	9.89	9.56	12.35	10.53	12.66	8.02
Book Value Per Share	33.01	32.71	27.28	21.49	28.81	26.15
Tangible Book Value	7,177	7,101	5,935	4,691	6,321	5,710
Tangible Book Value Per Share	32.10	31.76	26.54	20.98	28.27	25.54
Land	1,111	1,116	951.84	945.82	915.59	825.95
Buildings	543.85	539.36	529.26	518.15	499.06	480.2
Machinery	290.45	274.61	248.62	248.86	245.53	235.98
Leasehold Improvements	8.76	8.09	2.93	2	2	2

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.