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China Life Insurance Company Limited Balance Sheet 2022-2011 | LFC
Brief overview of China Life Insurance Company Limited's assets and capital
The comparison uses five available annual reports from the 2018–2022 interval.
Assets advanced +61.4% to 5.3 trillion CNY from 3.3 trillion CNY; annual growth near 12.7% reflects a fast increase in scale.
Assets and liabilities changed at similar rates, +61.4% and +64%. The funding mix did not shift sharply.
Banks and insurers cannot be assessed like industrial businesses on liabilities alone. Here, equity represents 8.5% of assets, previously 9.8%.
Retained earnings are 201.7 billion CNY versus 133 billion CNY initially. The direction shows how results contributed to equity.
Overall assessment
China Life Insurance Company Limited's financial position is more positive than negative: the funding mix is workable, although the cushion is not unlimited.
Annual Balance Sheet China Life Insurance Company Limited
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | -2.16 B | - | -7.39 B | -7.47 B | -9.66 B | -11.7 B | -7.58 B | -3.52 B | -11.1 B | -8.9 B |
Long Term Debt |
- | - | 54.5 B | - | - | - | - | - | - | - | - | - |
Total Liabilities |
4.81 T | 4.41 T | 3.8 T | 3.32 T | 2.93 T | 2.57 T | 2.39 T | 328 B | 316 B | 289 B | 269 B | 221 B |
Retained Earnings |
202 B | 201 B | 184 B | 170 B | 133 B | 139 B | 123 B | 19 B | 17.7 B | 15.7 B | 12.9 B | 12.7 B |
Total Assets |
5.25 T | 4.89 T | 4.25 T | 3.73 T | 3.25 T | 2.9 T | 2.7 T | 378 B | 362 B | 326 B | 305 B | 252 B |
Cash and Cash Equivalents |
128 B | 60.5 B | 56.7 B | 53.4 B | 50.8 B | 48.6 B | 67 B | 76.1 B | - | - | - | - |
Book Value |
445 B | 487 B | 458 B | 409 B | 323 B | 325 B | 308 B | 50.4 B | 46.3 B | 36.8 B | 35.8 B | 30.7 B |
Total Shareholders Equity |
445 B | 487 B | 458 B | 410 B | 320 B | 325 B | 308 B | 326 B | - | - | - | - |
All numbers in CNY currency
Quarterly Balance Sheet China Life Insurance Company Limited
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Liabilities |
4.81 T | - | - | - | 4.41 T | - | - | - | 3.8 T | - | - | - | 3.32 T | - | - | - | 2.93 T | - | - | - | 2.57 T | - | - | - | 2.39 T | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
202 B | - | - | - | 201 B | - | - | - | 184 B | - | - | - | 170 B | - | - | - | 133 B | - | - | - | 139 B | - | - | - | 123 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
5.25 T | - | - | - | 4.89 T | - | - | - | 4.25 T | - | - | - | 3.73 T | - | - | - | 3.25 T | - | - | - | 2.9 T | - | - | - | 2.7 T | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
128 B | - | - | - | 60.5 B | - | - | - | 56.7 B | - | - | - | 53.4 B | - | - | - | 50.8 B | - | - | - | 48.6 B | - | - | - | 67 B | - | - | - | 76.1 B | - | - | - | 47 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
445 B | - | - | - | 487 B | - | - | - | 458 B | - | - | - | 409 B | - | - | - | 323 B | - | - | - | 325 B | - | - | - | 308 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
445 B | - | - | - | 487 B | - | - | - | 458 B | - | - | - | 410 B | - | - | - | 320 B | - | - | - | 325 B | - | - | - | 308 B | - | - | - | 326 B | - | - | - | 287 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in CNY currency
Balance Sheet is a fundamental financial report of China Life Insurance Company Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Insurance life
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
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FBL Financial Group, Inc.
FFG
|
- | 0.03 % | $ 1.49 B |  USA |
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GWG Holdings, Inc.
GWGH
|
- | -7.07 % | $ 95.7 M | USA |
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American Equity Investment Life Holding Company
AEL
|
- | 0.55 % | $ 4.49 B | USA |
 |
Prudential Financial
PRU
|
$ 122.63 | -1.04 % | $ 43.1 B | USA |
 |
Independence Holding Company
IHC
|
- | 0.12 % | $ 831 M | USA |
 |
National Western Life Group
NWLI
|
- | - | $ 1.82 B | USA |
 |
Primerica
PRI
|
$ 323.43 | 0.56 % | $ 10.6 B | USA |
 |
Vericity
VERY
|
- | - | $ 170 M | USA |
 |
Citizens
CIA
|
$ 4.9 | -3.54 % | $ 248 M | USA |
 |
Aflac Incorporated
AFL
|
$ 128.67 | -0.68 % | $ 68.6 B | USA |
 |
Globe Life
GL
|
$ 179.68 | 0.28 % | $ 14.6 B | USA |
 |
Atlantic American Corporation
AAME
|
$ 1.56 | -2.5 % | $ 31.8 M | USA |
 |
Manulife Financial Corporation
MFC
|
$ 43.92 | -1.61 % | $ 74.8 B |  Canada |
 |
CNO Financial Group
CNO
|
$ 52.95 | -1.07 % | $ 5.18 B | USA |
 |
Prudential plc
PUK
|
$ 29.25 | 0.72 % | $ 75.5 B |  Britain |
 |
Brighthouse Financial
BHF
|
$ 62.9 | -1.33 % | $ 3.62 B | USA |
 |
MetLife
MET
|
$ 97.02 | -0.48 % | $ 64.9 B | USA |
 |
Genworth Financial
GNW
|
$ 10.08 | 0.2 % | $ 4.12 B | USA |
 |
Lincoln National Corporation
LNC
|
$ 41.43 | -3.28 % | $ 7.57 B | USA |
 |
Unum Group
UNM
|
$ 83.63 | -4.89 % | $ 14.4 B | USA |