Farglory Life Insurance Co., Ltd. (TPEX: 5859)

Farglory Life 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	489,205	453,272	430,403	375,098	329,173	290,767
Investments in Equity & Preferred Securities	16,000	13,399	11,659	11,759	11,755	10,358
Policy Loans	13,236	12,868	12,507	12,438	11,715	11,081
Other Investments	300	4,199	4,203	5,285	5,655	6,188
Total Investments	676,147	642,020	614,223	586,908	538,794	454,625
Cash & Equivalents	8,043	11,492	14,311	12,720	16,149	22,846
Reinsurance Recoverable	462.99	379.4	333.78	238.71	267.23	387.1
Other Receivables	16,388	15,204	14,447	14,544	10,538	10,791
Deferred Policy Acquisition Cost	0.02	0.02	0.02	0.03	0.09	0.18
Separate Account Assets	5,418	4,543	3,398	2,793	2,028	1,938
Property, Plant & Equipment	6,211	6,283	6,650	7,213	6,887	6,877
Other Intangible Assets	73.8	76.95	95.55	96.44	94.04	58.93
Restricted Cash	-	-	-	0	292.03	36.72
Other Current Assets	9,780	15,811	13,992	9,541	9,955	11,141
Long-Term Deferred Tax Assets	6,854	3,735	2,337	1,426	1,419	1,955
Other Long-Term Assets	64.66	60.75	61.31	45.97	57.01	929.13
Total Assets	729,442	699,607	669,849	635,528	586,482	511,585
Accounts Payable	43.26	77.57	71.55	174.52	239.01	270.07
Accrued Expenses	927.29	1,225	1,213	1,287	1,270	1,313
Insurance & Annuity Liabilities	647,078	634,936	613,688	578,601	532,610	473,298
Unpaid Claims	2,809	2,265	2,067	972.07	989.57	715.31
Unearned Premiums	4,087	4,650	3,970	3,646	3,342	3,102
Reinsurance Payable	233.6	272.72	216.4	183.03	179.64	177.09
Current Portion of Leases	71.83	70.86	65.01	66.92	55.92	46.66
Current Income Taxes Payable	13.5	13.5	13.5	901.29	150.08	-
Long-Term Leases	143.34	171.74	129.23	192.48	270.38	133.92
Long-Term Deferred Tax Liabilities	6,452	2,876	1,615	620.67	580.44	1,013
Separate Account Liability	5,418	4,543	3,398	2,793	2,028	1,938
Other Current Liabilities	3,598	193.48	4,056	75.18	694.16	104.8
Other Long-Term Liabilities	11,864	9,844	8,781	3,739	6,040	4,919
Total Liabilities	683,244	661,201	639,667	594,451	549,731	487,040
Common Stock	12,550	12,550	12,426	12,426	12,426	12,426
Additional Paid-In Capital	200.17	200.17	212.08	164.82	154.28	138.17
Retained Earnings	30,284	25,137	23,054	18,244	12,072	8,584
Comprehensive Income & Other	3,165	518.97	-5,510	10,242	12,099	3,397
Shareholders' Equity	46,199	38,406	30,182	41,077	36,751	24,545
Total Liabilities & Equity	729,442	699,607	669,849	635,528	586,482	511,585
Filing Date Shares Outstanding	1,355	1,355	1,355	1,355	1,355	1,355
Total Common Shares Outstanding	1,355	1,355	1,355	1,355	1,355	1,355
Total Debt	215.16	242.6	194.24	259.4	326.3	180.58
Net Cash (Debt)	7,827	11,249	14,117	12,461	15,823	22,665
Net Cash Growth	-3.06%	-20.31%	13.29%	-21.25%	-30.19%	99.97%
Net Cash Per Share	5.76	8.29	10.38	9.16	11.64	16.72
Book Value Per Share	34.08	28.34	22.27	30.31	27.11	18.11
Tangible Book Value	46,125	38,329	30,087	40,980	36,657	24,486
Tangible Book Value Per Share	34.03	28.28	22.20	30.23	27.05	18.07
Land	4,034	4,034	4,223	4,546	4,196	4,692
Buildings	2,640	2,639	2,801	2,973	2,767	2,372
Machinery	227.01	209.67	208.72	220.22	215.68	266.37
Leasehold Improvements	31.89	51.5	56.74	79.53	79.53	89.78

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