Shinkong Insurance Co., Ltd. (TPE: 2850)

Shinkong Insurance Balance Sheet

Financials in millions TWD. 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	13,374	12,546	11,444	7,328	6,190	6,368
Investments in Equity & Preferred Securities	1,059	1,043	1,058	1,001	906.43	981.94
Other Investments	299.75	299.78	-	-	-	-
Total Investments	25,202	23,608	21,811	19,513	16,625	15,946
Cash & Equivalents	12,339	11,339	10,765	11,738	10,951	9,563
Reinsurance Recoverable	10,571	7,368	7,531	8,247	7,781	5,840
Other Receivables	2,538	2,193	1,598	1,945	1,857	1,843
Property, Plant & Equipment	1,147	1,126	1,145	1,320	1,095	1,123
Other Intangible Assets	28.2	19.17	22.85	27.46	19.53	30.81
Restricted Cash	192	209.87	86.87	28.44	25	44.5
Other Current Assets	864.32	869.52	728.83	712.69	767.88	805.35
Long-Term Deferred Tax Assets	157.01	158.12	212.03	262.67	236.47	215.99
Other Long-Term Assets	126.43	137.62	103.32	91.5	113.89	135.25
Total Assets	53,164	47,029	44,005	43,885	39,472	35,546
Accounts Payable	-	-	-	1,038	818.91	-
Accrued Expenses	282.79	258.24	269.34	277.97	272.19	253.06
Insurance & Annuity Liabilities	2,036	2,114	2,142	2,464	2,400	2,561
Unpaid Claims	13,841	10,038	10,840	10,338	9,655	7,757
Unearned Premiums	14,665	13,460	12,537	12,284	11,189	10,209
Reinsurance Payable	2,090	1,700	1,347	1,560	1,328	1,275
Current Portion of Leases	13.05	8.7	15.93	14.63	13.74	13.17
Current Income Taxes Payable	185.14	328.09	168.8	275.16	161.73	175.94
Long-Term Leases	23.63	7.87	17.9	20.29	21.38	24.88
Long-Term Deferred Tax Liabilities	66.95	41.66	36.7	34.39	62.1	15.38
Other Current Liabilities	1,203	1,497	1,541	169.9	155.7	1,380
Other Long-Term Liabilities	5.48	5.5	10.67	33.28	43.68	8.16
Total Liabilities	34,462	29,510	28,975	28,628	26,249	23,872
Common Stock	3,160	3,160	3,160	3,160	3,160	3,160
Additional Paid-In Capital	64.8	64.8	64.8	64.8	64.8	64.78
Retained Earnings	14,404	13,478	11,370	10,337	8,702	7,634
Comprehensive Income & Other	1,074	815.95	435.18	1,696	1,297	815.91
Shareholders' Equity	18,702	17,519	15,030	15,257	13,224	11,674
Total Liabilities & Equity	53,164	47,029	44,005	43,885	39,472	35,546
Filing Date Shares Outstanding	315.96	315.96	315.96	315.96	315.96	315.96
Total Common Shares Outstanding	315.96	315.96	315.96	315.96	315.96	315.96
Total Debt	36.68	16.57	33.84	34.92	35.12	38.05
Net Cash (Debt)	12,302	11,323	10,731	11,703	10,916	9,525
Net Cash Growth	9.51%	5.51%	-8.30%	7.22%	14.60%	-10.34%
Net Cash Per Share	38.93	35.84	33.96	37.04	34.55	30.15
Book Value Per Share	59.19	55.45	47.57	48.29	41.85	36.95
Tangible Book Value	18,674	17,500	15,007	15,230	13,204	11,643
Tangible Book Value Per Share	59.10	55.39	47.50	48.20	41.79	36.85
Land	752.9	748.38	748.38	891.01	687.24	695.66
Buildings	498.44	490.22	490.22	525.97	481.56	497.95
Machinery	465.95	492.12	457	440.13	422.41	402.75

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