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Annual report 2022
added 12-28-2024

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China Life Insurance Company Limited Balance Sheet 2011-2025 | LFC

Annual Balance Sheet China Life Insurance Company Limited

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

- -2.11 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 395 B 344 B 328 B 316 B 289 B 269 B 221 B

Retained Earnings

- - 184 B 24.5 B 19.3 B 21.4 B 17.7 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 445 B 388 B 378 B 362 B 326 B 305 B 252 B

Cash and Cash Equivalents

128 B 60.5 B 56.7 B 53.3 B 50.8 B 48.6 B 67 B 76.1 B - - - -

Book Value

445 B 487 B 458 B 409 B 323 B 50 B 44.3 B 50.4 B 46.3 B 36.8 B 35.8 B 30.7 B

Total Shareholders Equity

- - 457 B 409 B 323 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

- - - - 4.4 T - - - 3.8 T - - - 3.32 T - - - 2.93 T - - - 2.57 T - - - 2.39 T - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

- - - - 201 B - - - 184 B - - - 170 B - - - 133 B - - - 139 B - - - 123 B - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

- - - - 4.89 T - - - 4.25 T - - - 3.73 T - - - 3.25 T - - - 2.9 T - - - 2.7 T - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

- - - - 60.4 B - - - 56.7 B - - - 53.3 B - - - 50.8 B - - - 48.6 B - - - 67 B - - - 76.1 B - - - 47 B - - - - - - - - - - - - - - -

Book Value

- - - - 487 B - - - 457 B - - - 409 B - - - 323 B - - - 325 B - - - 308 B - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

- - - - 487 B - - - 457 B - - - 409 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
FBL Financial Group, Inc. FBL Financial Group, Inc.
FFG
- 0.03 % $ 1.49 B usaUSA
GWG Holdings, Inc. GWG Holdings, Inc.
GWGH
- -7.07 % $ 95.7 M usaUSA
Brighthouse Financial Brighthouse Financial
BHF
$ 65.4 - $ 4 B usaUSA
American Equity Investment Life Holding Company American Equity Investment Life Holding Company
AEL
- 0.55 % $ 4.49 B usaUSA
Citizens Citizens
CIA
$ 5.16 - $ 256 M usaUSA
Independence Holding Company Independence Holding Company
IHC
- 0.12 % $ 831 M usaUSA
Globe Life Globe Life
GL
$ 141.08 1.18 % $ 12.6 B usaUSA
CNO Financial Group CNO Financial Group
CNO
$ 43.15 4.64 % $ 4.58 B usaUSA
Genworth Financial Genworth Financial
GNW
$ 8.92 0.62 % $ 3.87 B usaUSA
Aflac Incorporated Aflac Incorporated
AFL
$ 111.57 1.38 % $ 62.8 B usaUSA
Manulife Financial Corporation Manulife Financial Corporation
MFC
$ 35.85 1.03 % $ 35.3 B canadaCanada
Atlantic American Corporation Atlantic American Corporation
AAME
$ 2.44 -1.61 % $ 49.8 M usaUSA
Lincoln National Corporation Lincoln National Corporation
LNC
$ 45.96 1.97 % $ 7.84 B usaUSA
MetLife MetLife
MET
$ 83.3 1.41 % $ 66.9 B usaUSA
Prudential plc Prudential plc
PUK
$ 29.8 2.55 % $ 63.9 B britainBritain
National Western Life Group National Western Life Group
NWLI
- - $ 1.82 B usaUSA
Primerica Primerica
PRI
$ 260.72 1.08 % $ 8.9 B usaUSA
Prudential Financial Prudential Financial
PRU
$ 117.77 0.68 % $ 42.1 B usaUSA
Unum Group Unum Group
UNM
$ 77.47 0.39 % $ 14.5 B usaUSA
Vericity Vericity
VERY
- - $ 170 M usaUSA