New China Life Insurance Company Ltd (NCL) - Net Assets

Latest as of March 2026: €123.59 Billion EUR ≈ $144.49 Billion USD

Based on the latest financial reports, New China Life Insurance Company Ltd (NCL) has net assets worth €123.59 Billion EUR (≈ $144.49 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.85 Trillion ≈ $2.17 Trillion USD) and total liabilities (€1.73 Trillion ≈ $2.02 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check New China Life Insurance Company Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€123.59 Billion
% of Total Assets	6.67%
Annual Growth Rate	9.08%
5-Year Change	2.82%
10-Year Change	88.72%
Growth Volatility	11.22

New China Life Insurance Company Ltd - Net Assets Trend (2013–2025)

This chart illustrates how New China Life Insurance Company Ltd's net assets have evolved over time, based on quarterly financial data. See New China Life Insurance Company Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for New China Life Insurance Company Ltd (2013–2025)

The table below shows the annual net assets of New China Life Insurance Company Ltd from 2013 to 2025. For live valuation and market cap data, see NCL market cap overview.

Year	Net Assets	Change
2025-12-31	€111.58 Billion ≈ $130.45 Billion	+15.90%
2024-12-31	€96.27 Billion ≈ $112.55 Billion	-8.40%
2023-12-31	€105.09 Billion ≈ $122.86 Billion	+2.13%
2022-12-31	€102.91 Billion ≈ $120.31 Billion	-5.17%
2021-12-31	€108.51 Billion ≈ $126.86 Billion	+6.72%
2020-12-31	€101.68 Billion ≈ $118.87 Billion	+20.39%
2019-12-31	€84.46 Billion ≈ $98.74 Billion	+28.76%
2018-12-31	€65.60 Billion ≈ $76.69 Billion	+2.94%
2017-12-31	€63.72 Billion ≈ $74.50 Billion	+7.78%
2016-12-31	€59.12 Billion ≈ $69.12 Billion	+2.22%
2015-12-31	€57.84 Billion ≈ $67.62 Billion	+19.60%
2014-12-31	€48.36 Billion ≈ $56.54 Billion	+23.01%
2013-12-31	€39.32 Billion ≈ $45.97 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to New China Life Insurance Company Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 858.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€126.52 Billion	113.43%
Total Equity	€111.54 Billion	100.00%

New China Life Insurance Company Ltd Competitors by Market Cap

The table below lists competitors of New China Life Insurance Company Ltd ranked by their market capitalization.

Company	Market Cap
Camtek Ltd TA:CAMT	$6.96 Billion
Shenergy Co Ltd SHG:600642	$6.96 Billion
RATIONAL UN.ADR 1/ 1/20 F:RAA1	$6.96 Billion
Cidara Therapeutics Inc NASDAQ:CDTX	$6.96 Billion
SODEXO S.A. ADR/ 1/5 EO 4 F:SJ70	$6.95 Billion
Synovus Financial Corp NYSE:SNV	$6.95 Billion
Noble Corporation plc NYSE:NE	$6.94 Billion
VF Corporation NYSE:VFC	$6.93 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in New China Life Insurance Company Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 96,240,000,000 to 111,544,000,000, a change of 15,304,000,000 (15.9%).
Net income of 36,284,000,000 contributed positively to equity growth.
Dividend payments of 12,008,000,000 reduced retained earnings.
Other factors decreased equity by 8,972,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€36.28 Billion	+32.53%
Dividends Paid	€12.01 Billion	-10.77%
Other Changes	€-8.97 Billion	-8.04%
Total Change	€-	15.90%

Book Value vs Market Value Analysis

This analysis compares New China Life Insurance Company Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.16x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 0.28x to 0.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	€20.42	€5.75	x
2018-12-31	€21.02	€5.75	x
2019-12-31	€27.07	€5.75	x
2020-12-31	€32.59	€5.75	x
2021-12-31	€34.78	€5.75	x
2022-12-31	€32.98	€5.75	x
2023-12-31	€33.68	€5.75	x
2024-12-31	€30.85	€5.75	x
2025-12-31	€35.76	€5.75	x

Capital Efficiency Dashboard

This dashboard shows how efficiently New China Life Insurance Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 32.53%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 23.87%
• Asset Turnover: 0.08x
• Equity Multiplier: 17.03x
Recent ROE (32.53%) is above the historical average (14.69%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	11.25%	3.44%	0.23x	14.39x	€490.80 Million
2014	13.25%	4.51%	0.22x	13.31x	€1.57 Billion
2015	14.87%	5.46%	0.24x	11.42x	€2.82 Billion
2016	8.36%	1.22%	0.58x	11.83x	€-969.80 Million
2017	8.45%	1.36%	0.56x	11.15x	€-988.50 Million
2018	12.08%	1.85%	0.58x	11.19x	€1.36 Billion
2019	17.24%	3.01%	0.55x	10.41x	€6.11 Billion
2020	14.06%	6.93%	0.21x	9.88x	€4.13 Billion
2021	13.78%	6.32%	0.21x	10.39x	€4.10 Billion
2022	9.55%	4.58%	0.17x	12.20x	€-466.40 Million
2023	8.29%	12.43%	0.05x	13.36x	€-1.79 Billion
2024	27.25%	38.56%	0.04x	17.58x	€16.61 Billion
2025	32.53%	23.87%	0.08x	17.03x	€25.13 Billion

Industry Comparison

This section compares New China Life Insurance Company Ltd's net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

Industry: Insurance - Life
Average net assets among peers: $198,511,533,333
Average return on equity (ROE) among peers: 13.75%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
New China Life Insurance Company Ltd (NCL)	€123.59 Billion	11.25%	14.00x	$6.95 Billion
CIG PANNONIA LIFE INSURA. (0CKA)	$25.55 Billion	15.49%	6.55x	$74.04 Million
China Pacific Insurance (Group) Co. Ltd (75C)	$318.48 Billion	14.12%	7.90x	$11.10 Billion
CHINA PAC.IN.GR.GDR/5 YC1 (75CB)	$267.70 Billion	10.18%	7.76x	$31.69 Billion
China Life Insurance Company Limited (CHL)	$325.31 Billion	9.91%	7.91x	$29.50 Billion
DISCOVERY LTD(UNSP.ADR)/3 (D3H0)	$47.24 Billion	13.93%	4.40x	$8.48 Billion
HANSARD GLOBAL PLC LS-50 (H9G)	$20.80 Million	25.00%	64.74x	$81.93 Million
SANLAM LTD RC-01 ADR/2 (LA6S)	$96.53 Billion	9.81%	9.88x	$10.98 Billion
Prudential plc (PRU2)	$22.12 Billion	9.58%	22.33x	$29.96 Billion
Ping An Insurance (Group) Company of China Ltd (PZX)	$683.64 Billion	15.71%	9.45x	$54.33 Billion

About New China Life Insurance Company Ltd

F:NCL Germany Insurance - Life

Market Cap

$6.95 Billion

€5.95 Billion EUR

Market Cap Rank

#2933 Global

#575 in Germany

Share Price

€5.75

Change (1 day)

-1.71%

52-Week Range

€4.16 - €6.85

All Time High

€6.85