New China Life Insurance Company Ltd. (HKG:1336)

HKG:1336 Balance Sheet

Financials in millions CNY. 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	741,417	745,257	660,410	578,201	542,343	553,417
Investments in Equity & Preferred Securities	64,318	60,885	10,544	229,120	227,533	192,713
Policy Loans	-	-	-	-	40,806	37,732
Other Investments	343,736	287,894	261,249	236,394	172,652	124,472
Total Investments	1,644,142	1,589,019	1,321,825	1,132,733	1,062,761	949,489
Cash & Equivalents	41,664	38,461	21,808	17,586	15,476	12,993
Reinsurance Recoverable	10,815	10,812	9,802	10,590	3,981	3,666
Other Receivables	4,153	630	561	15,336	15,170	12,763
Separate Account Assets	-	-	-	-	236	-
Property, Plant & Equipment	18,749	18,837	18,899	18,736	19,171	16,935
Other Intangible Assets	3,956	4,054	4,063	4,002	3,792	3,753
Restricted Cash	1,787	1,807	1,784	1,715	-	1,715
Other Current Assets	-	155	186	1,005	1,627	1,042
Long-Term Deferred Tax Assets	27,355	19,678	10,709	7,890	196	153
Long-Term Deferred Charges	-	382	417	-	374	-
Other Long-Term Assets	795	8,462	13,203	5,343	4,937	1,867
Total Assets	1,753,416	1,692,297	1,403,257	1,214,936	1,127,721	1,004,376
Accounts Payable	-	-	-	416	-	455
Accrued Expenses	8,186	7,227	5,644	6,297	6,813	7,023
Insurance & Annuity Liabilities	1,432,099	1,366,090	1,146,497	1,014,502	859,935	750,372
Unpaid Claims	-	-	-	-	8,155	8,247
Unearned Premiums	388	336	274	-	6,680	8,807
Reinsurance Payable	-	-	-	-	504	297
Current Portion of Leases	-	314	361	430	-	426
Short-Term Debt	162,524	171,588	106,987	52,827	55,415	41,888
Current Income Taxes Payable	321	174	125	21	171	30
Long-Term Debt	30,605	30,384	20,262	10,000	10,000	10,000
Long-Term Leases	693	401	399	425	1,040	638
Long-Term Deferred Tax Liabilities	411	200	56	57	1,118	2,673
Separate Account Liability	-	-	-	-	224	196
Other Current Liabilities	18,960	8,553	3,592	-	-	2,516
Other Long-Term Liabilities	18,896	10,304	13,498	31,481	68,662	68,624
Total Liabilities	1,673,537	1,596,028	1,298,165	1,116,940	1,019,207	902,696
Common Stock	3,120	3,120	3,120	3,120	3,120	3,120
Additional Paid-In Capital	23,935	23,970	23,979	23,964	23,905	23,964
Retained Earnings	156,497	150,953	129,061	107,983	74,007	63,396
Comprehensive Income & Other	-103,703	-81,803	-51,093	-37,092	7,465	11,187
Total Common Equity	79,849	96,240	105,067	97,975	108,497	101,667
Minority Interest	30	29	25	21	17	13
Shareholders' Equity	79,879	96,269	105,092	97,996	108,514	101,680
Total Liabilities & Equity	1,753,416	1,692,297	1,403,257	1,214,936	1,127,721	1,004,376
Filing Date Shares Outstanding	3,120	3,120	3,120	3,120	3,120	3,120
Total Common Shares Outstanding	3,120	3,120	3,120	3,120	3,120	3,120
Total Debt	193,822	202,687	128,009	63,682	66,455	52,952
Net Cash (Debt)	-152,158	-164,226	-106,201	-46,096	-50,979	-39,959
Net Cash Per Share	-48.83	-52.64	-34.04	-14.77	-16.34	-12.81
Book Value Per Share	25.60	30.85	33.68	31.41	34.78	32.59
Tangible Book Value	75,893	92,186	101,004	93,973	104,705	97,914
Tangible Book Value Per Share	24.33	29.55	32.38	30.12	33.56	31.39
Buildings	-	17,924	17,724	17,515	16,473	12,453
Machinery	-	2,264	2,150	1,650	1,561	1,378
Construction In Progress	-	2,339	2,039	1,877	2,649	4,059

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.