The First Insurance Co., Ltd. (TPE:2852)

The First Insurance Balance Sheet

Financials in millions TWD. 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	3,751	3,207	2,746	2,541	2,250
Investments in Equity & Preferred Securities	2,723	2,400	2,277	2,277	2,458
Other Investments	4,186	4,870	5,365	4,325	2,752
Total Investments	13,175	13,377	12,548	11,362	10,298
Cash & Equivalents	2,294	1,387	1,335	1,665	1,775
Reinsurance Recoverable	650.75	417.26	228.83	256.98	306.37
Other Receivables	312.5	262.82	241.5	359.39	350.26
Property, Plant & Equipment	615.07	628.55	663.5	673.06	665.96
Other Intangible Assets	21.14	33.31	39.76	42.89	44.11
Other Current Assets	522.69	544.99	543.86	601.87	684.56
Long-Term Deferred Tax Assets	13.29	22.52	26.17	43.99	51.62
Other Long-Term Assets	2,103	2,576	2,026	1,856	1,850
Total Assets	19,707	19,249	17,654	16,861	16,026
Accounts Payable	10.81	37.91	7.69	6.01	5.82
Accrued Expenses	340.65	259.75	258.19	259.83	232.45
Insurance & Annuity Liabilities	9.83	-	1.02	0.59	6.71
Unpaid Claims	5,508	5,750	5,025	4,580	4,414
Unearned Premiums	4,498	4,425	4,146	4,011	3,820
Reinsurance Payable	283.7	313.06	309.25	300.6	343.5
Current Portion of Leases	1.82	2.88	2.98	3.25	2.27
Current Income Taxes Payable	87.82	72.22	49.81	51.26	1.01
Long-Term Leases	1.17	0.89	2.15	1.48	2.17
Long-Term Deferred Tax Liabilities	99.59	92.93	108.29	92.93	92.93
Other Current Liabilities	94.98	71.62	67.84	92.02	91.7
Other Long-Term Liabilities	71.52	59.15	59.63	66.96	107.38
Total Liabilities	11,010	11,121	10,091	9,590	9,264
Common Stock	3,012	3,012	3,012	3,012	3,012
Retained Earnings	5,452	4,759	4,265	4,087	3,458
Comprehensive Income & Other	232.63	357.14	285.95	173.06	292.33
Shareholders' Equity	8,696	8,128	7,563	7,271	6,762
Total Liabilities & Equity	19,707	19,249	17,654	16,861	16,026
Filing Date Shares Outstanding	301.16	301.16	301.16	301.16	301.16
Total Common Shares Outstanding	301.16	301.16	301.16	301.16	301.16
Total Debt	2.98	3.77	5.13	4.73	4.45
Net Cash (Debt)	2,291	1,383	1,330	1,661	1,771
Net Cash Growth	65.60%	4.00%	-19.90%	-6.23%	-4.58%
Net Cash Per Share	7.60	4.59	4.41	5.51	5.88
Book Value Per Share	28.88	26.99	25.11	24.14	22.45
Tangible Book Value	8,675	8,094	7,523	7,229	6,718
Tangible Book Value Per Share	28.81	26.88	24.98	24.00	22.31
Land	435.34	436.21	449.67	450.07	450.07
Buildings	320.78	339.88	359.07	360.53	358.53
Machinery	60.19	61.74	76.88	64.13	42.64

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.