New China Life Insurance Company Ltd (NCL) - Net Assets
Based on the latest financial reports, New China Life Insurance Company Ltd (NCL) has net assets worth €83.44 Billion EUR (≈ $97.55 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.78 Trillion ≈ $2.08 Trillion USD) and total liabilities (€1.69 Trillion ≈ $1.98 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. Explore NCL operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €83.44 Billion |
| % of Total Assets | 4.69% |
| Annual Growth Rate | 8.48% |
| 5-Year Change | -5.32% |
| 10-Year Change | 66.44% |
| Growth Volatility | 11.55 |
New China Life Insurance Company Ltd - Net Assets Trend (2013–2024)
This chart illustrates how New China Life Insurance Company Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see NCL market cap overview.
Annual Net Assets for New China Life Insurance Company Ltd (2013–2024)
The table below shows the annual net assets of New China Life Insurance Company Ltd from 2013 to 2024. Read debt load of New China Life Insurance Company Ltd for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 719.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €108.18 Billion | 112.40% |
| Total Equity | €96.24 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 |
|---|---|
|
Castellum AB
ST:CAST
|
$6.41 Billion |
|
Capstone Mining Corp
TO:CS
|
$6.41 Billion |
|
thyssenkrupp AG
XETRA:TKA
|
$6.42 Billion |
|
Gamuda Bhd
KLSE:5398
|
$6.43 Billion |
|
Capital Securities Corp. Ltd.
SHG:601136
|
$6.41 Billion |
|
Shenghe Resources Holding Co Ltd
SHG:600392
|
$6.41 Billion |
|
Wangsu Science Tech
SHE:300017
|
$6.41 Billion |
|
Tsingtao Brewery Co Ltd
SHG:600600
|
$6.40 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 2023 to 2024, total equity changed from 105,067,000,000 to 96,240,000,000, a change of -8,827,000,000 (-8.4%).
- Net income of 26,229,000,000 contributed positively to equity growth.
- Dividend payments of 4,699,000,000 reduced retained earnings.
- Other factors decreased equity by 30,357,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €26.23 Billion | +27.25% |
| Dividends Paid | €4.70 Billion | -4.88% |
| Other Changes | €-30.36 Billion | -31.54% |
| Total Change | €- | -8.40% |
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: 0.17x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €20.42 | €5.30 | x |
| 2018-12-31 | €21.02 | €5.30 | x |
| 2019-12-31 | €27.07 | €5.30 | x |
| 2020-12-31 | €32.59 | €5.30 | x |
| 2021-12-31 | €34.78 | €5.30 | x |
| 2022-12-31 | €32.98 | €5.30 | x |
| 2023-12-31 | €33.68 | €5.30 | x |
| 2024-12-31 | €30.85 | €5.30 | 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): 27.25%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.35%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 17.58x
- Recent ROE (27.25%) is above the historical average (13.20%), 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% | 20.35% | 0.08x | 17.58x | €16.61 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: $163,358,543,948
- Average return on equity (ROE) among peers: 8.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New China Life Insurance Company Ltd (NCL) | €83.44 Billion | 11.25% | 20.31x | $6.41 Billion |
| China Pacific Insurance (Group) Co. Ltd (75C) | $100.39 Billion | 9.23% | 6.21x | $11.36 Billion |
| CHINA PAC.IN.GR.GDR/5 YC1 (75CB) | $318.48 Billion | 14.12% | 7.90x | $35.21 Billion |
| China Life Insurance Company Limited (CHL) | $326.21 Billion | 10.64% | 6.51x | $25.40 Billion |
| Prudential plc (PRU2) | $17.26 Billion | -11.83% | 10.53x | $29.96 Billion |
| Ping An Insurance (Group) Company of China Ltd (PZX) | $353.82 Billion | 11.10% | 10.32x | $57.59 Billion |
| Wüstenrot & Württembergische AG (WUW) | $5.09 Billion | 4.13% | 14.04x | $1.45 Billion |
| Bangkok Life Assurance Public Company Limited (XBLA) | $22.26 Billion | 19.68% | 6.72x | $856.58 Million |
About New China Life Insurance Company Ltd
New China Life Insurance Company Ltd. provides life insurance products and services to individuals and institutions in China. The company operates through three segments: Traditional insurance, Participating insurance, and Other Business. It provides life insurance, health insurance, and accident insurance products and services. The company also offers asset management, investment management, tra… Read more