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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	13,795	12,546	11,444	7,328	6,190	6,368
Investments in Equity & Preferred Securities	1,044	1,043	1,058	1,001	906.43	981.94
Other Investments	299.75	299.78	-	-	-	-
Total Investments	25,901	23,608	21,811	19,513	16,625	15,946
Cash & Equivalents	12,866	11,339	10,765	11,738	10,951	9,563
Reinsurance Recoverable	10,791	7,368	7,531	8,247	7,781	5,840
Other Receivables	3,024	2,193	1,598	1,945	1,857	1,843
Property, Plant & Equipment	1,138	1,126	1,145	1,320	1,095	1,123
Other Intangible Assets	24.3	19.17	22.85	27.46	19.53	30.81
Restricted Cash	200	209.87	86.87	28.44	25	44.5
Other Current Assets	842.92	869.52	728.83	712.69	767.88	805.35
Long-Term Deferred Tax Assets	181.77	158.12	212.03	262.67	236.47	215.99
Other Long-Term Assets	120.99	137.62	103.32	91.5	113.89	135.25
Total Assets	55,090	47,029	44,005	43,885	39,472	35,546
Accounts Payable	-	-	-	1,038	818.91	-
Accrued Expenses	296.15	258.24	269.34	277.97	272.19	253.06
Insurance & Annuity Liabilities	1,902	2,114	2,142	2,464	2,400	2,561
Unpaid Claims	13,955	10,038	10,840	10,338	9,655	7,757
Unearned Premiums	14,661	13,460	12,537	12,284	11,189	10,209
Reinsurance Payable	2,900	1,700	1,347	1,560	1,328	1,275
Current Portion of Leases	13.55	8.7	15.93	14.63	13.74	13.17
Current Income Taxes Payable	306.3	328.09	168.8	275.16	161.73	175.94
Long-Term Leases	24.69	7.87	17.9	20.29	21.38	24.88
Long-Term Deferred Tax Liabilities	94.21	41.66	36.7	34.39	62.1	15.38
Other Current Liabilities	3,007	1,497	1,541	169.9	155.7	1,380
Other Long-Term Liabilities	6.57	5.5	10.67	33.28	43.68	8.16
Total Liabilities	37,217	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	13,589	13,478	11,370	10,337	8,702	7,634
Comprensive Income & Other	1,059	815.95	435.18	1,696	1,297	815.91
Shareholders' Equity	17,873	17,519	15,030	15,257	13,224	11,674
Total Liabilities & Equity	55,090	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	38.24	16.57	33.84	34.92	35.12	38.05
Net Cash (Debt)	12,828	11,323	10,731	11,703	10,916	9,525
Net Cash Growth	8.66%	5.51%	-8.30%	7.22%	14.60%	-10.34%
Net Cash Per Share	40.60	35.84	33.96	37.04	34.55	30.15
Book Value Per Share	56.57	55.45	47.57	48.29	41.85	36.95
Tangible Book Value	17,849	17,500	15,007	15,230	13,204	11,643
Tangible Book Value Per Share	56.49	55.39	47.50	48.20	41.79	36.85
Land	748.38	748.38	748.38	891.01	687.24	695.66
Buildings	490.22	490.22	490.22	525.97	481.56	497.95
Machinery	506.06	492.12	457	440.13	422.41	402.75

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