Tongyang Life
Tong Yang Life Insurance Co., Ltd. engages in the life insurance business in South Korea. The company also offers death, illness, accident compensation insurance and child insurance services; and retirement pension services and asset management services. It provides its insurance services directly and through general agencies, as well as through 5 business units. Tong Yang Life Insurance Co., Ltd… Read more
Tongyang Life (082640) - Net Assets
Latest net assets as of September 2025: ₩1.34 Trillion KRW
Based on the latest financial reports, Tongyang Life (082640) has net assets worth ₩1.34 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩35.69 Trillion) and total liabilities (₩34.35 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.34 Trillion |
| % of Total Assets | 3.76% |
| Annual Growth Rate | 7.85% |
| 5-Year Change | -36.4% |
| 10-Year Change | -1.31% |
| Growth Volatility | 27.03 |
Tongyang Life - Net Assets Trend (2007–2024)
This chart illustrates how Tongyang Life's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tongyang Life (2007–2024)
The table below shows the annual net assets of Tongyang Life from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.97 Trillion | -32.28% |
| 2023-12-31 | ₩2.90 Trillion | -40.24% |
| 2022-12-31 | ₩4.86 Trillion | +59.65% |
| 2021-12-31 | ₩3.04 Trillion | -1.57% |
| 2020-12-31 | ₩3.09 Trillion | +18.89% |
| 2019-12-31 | ₩2.60 Trillion | +13.23% |
| 2018-12-31 | ₩2.30 Trillion | -6.33% |
| 2017-12-31 | ₩2.45 Trillion | +33.59% |
| 2016-12-31 | ₩1.84 Trillion | -7.88% |
| 2015-12-31 | ₩1.99 Trillion | +10.34% |
| 2014-12-31 | ₩1.81 Trillion | +33.40% |
| 2013-12-31 | ₩1.35 Trillion | -15.95% |
| 2012-12-31 | ₩1.61 Trillion | +36.34% |
| 2011-12-31 | ₩1.18 Trillion | +3.46% |
| 2010-12-31 | ₩1.14 Trillion | +10.43% |
| 2009-12-31 | ₩1.03 Trillion | +57.21% |
| 2008-12-31 | ₩657.78 Billion | +20.92% |
| 2007-12-31 | ₩544.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongyang Life'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 1670.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.52 Trillion | 77.16% |
| Other Components | ₩449.29 Billion | 22.84% |
| Total Equity | ₩1.97 Trillion | 100.00% |
Tongyang Life Competitors by Market Cap
The table below lists competitors of Tongyang Life ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Learning Technologies Group plc
PINK:LTTHF
|
$656.88 Million |
|
Guangdong Shirongzhaoye Co Ltd
SHE:002016
|
$657.12 Million |
|
SPRINKLR INC. A DL-00003
F:9EI
|
$657.26 Million |
|
Chongqing Wangbian Electric (Group) Corp. Ltd.
SHG:603191
|
$657.58 Million |
|
UIE PLC
CO:UIE
|
$656.42 Million |
|
National Presto Industries Inc
NYSE:NPK
|
$656.39 Million |
|
Shinsung Delta Tech Co.Ltd
KQ:065350
|
$656.39 Million |
|
Tianjin Silvery Dragon
SHG:603969
|
$656.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongyang Life's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,903,966,587,140 to 1,966,694,605,570, a change of -937,271,981,570 (-32.3%).
- Net income of 314,293,434,000 contributed positively to equity growth.
- Dividend payments of 83,404,123,910 reduced retained earnings.
- Other factors decreased equity by 1,168,161,291,660.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩314.29 Billion | +15.98% |
| Dividends Paid | ₩83.40 Billion | -4.24% |
| Other Changes | ₩-1.17 Trillion | -59.4% |
| Total Change | ₩- | -32.28% |
Book Value vs Market Value Analysis
This analysis compares Tongyang Life'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: 0.67x
- 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 increased from 0.55x to 0.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩15502.92 | ₩8490.00 | x |
| 2018-12-31 | ₩14570.03 | ₩8490.00 | x |
| 2019-12-31 | ₩16689.59 | ₩8490.00 | x |
| 2020-12-31 | ₩19841.67 | ₩8490.00 | x |
| 2021-12-31 | ₩19530.11 | ₩8490.00 | x |
| 2022-12-31 | ₩31179.48 | ₩8490.00 | x |
| 2023-12-31 | ₩18628.30 | ₩8490.00 | x |
| 2024-12-31 | ₩12611.44 | ₩8490.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongyang Life 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): 15.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.72%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 17.57x
- Recent ROE (15.98%) is above the historical average (7.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 15.19% | 3.58% | 0.28x | 15.03x | ₩27.72 Billion |
| 2008 | 5.05% | 1.32% | 0.27x | 14.16x | ₩-31.98 Billion |
| 2009 | 10.29% | 3.67% | 0.26x | 10.87x | ₩2.98 Billion |
| 2010 | 14.39% | 4.38% | 0.29x | 11.45x | ₩49.48 Billion |
| 2011 | 8.34% | 2.49% | 0.27x | 12.57x | ₩-19.36 Billion |
| 2012 | 9.78% | 3.15% | 0.28x | 11.08x | ₩-3.47 Billion |
| 2013 | 9.43% | 3.84% | 0.18x | 13.50x | ₩-7.61 Billion |
| 2014 | 9.28% | 4.05% | 0.20x | 11.53x | ₩-12.70 Billion |
| 2015 | 8.03% | 3.49% | 0.20x | 11.51x | ₩-38.62 Billion |
| 2016 | 0.66% | 0.18% | 0.25x | 14.74x | ₩-169.29 Billion |
| 2017 | 7.86% | 3.02% | 0.21x | 12.56x | ₩-51.62 Billion |
| 2018 | 2.41% | 1.04% | 0.16x | 14.06x | ₩-172.32 Billion |
| 2019 | 4.43% | 2.06% | 0.16x | 13.05x | ₩-144.90 Billion |
| 2020 | 4.16% | 2.20% | 0.16x | 11.72x | ₩-180.67 Billion |
| 2021 | 9.05% | 5.05% | 0.15x | 12.19x | ₩-28.77 Billion |
| 2022 | -0.23% | -0.64% | 0.05x | 7.17x | ₩-497.32 Billion |
| 2023 | 8.26% | 9.58% | 0.08x | 11.32x | ₩-50.57 Billion |
| 2024 | 15.98% | 12.72% | 0.07x | 17.57x | ₩117.62 Billion |
Industry Comparison
This section compares Tongyang Life's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $13,270,176,381,890
- Average return on equity (ROE) among peers: 2.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongyang Life (082640) | ₩1.34 Trillion | 15.19% | 25.60x | $656.57 Million |
| Samsung Life (032830) | $21.73 Trillion | 4.53% | 7.56x | $13.84 Billion |
| Mirae Asset Life Insurance Co Ltd (085620) | $4.09 Trillion | 3.05% | 7.57x | $263.79 Million |
| Hanwha Life (088350) | $13.99 Trillion | 0.72% | 9.14x | $891.63 Million |