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
New China Life Insurance Company Ltd (NWWCF) - Net Assets
Latest net assets as of June 2025: $83.44 Billion USD
Based on the latest financial reports, New China Life Insurance Company Ltd (NWWCF) has net assets worth $83.44 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) and total liabilities ($1.69 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 | $83.44 Billion |
| % of Total Assets | 4.69% |
| Annual Growth Rate | 30.34% |
| 5-Year Change | -5.32% |
| 10-Year Change | 66.44% |
| Growth Volatility | 97.94 |
New China Life Insurance Company Ltd - Net Assets Trend (2008–2024)
This chart illustrates how New China Life Insurance Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for New China Life Insurance Company Ltd (2008–2024)
The table below shows the annual net assets of New China Life Insurance Company Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $96.27 Billion | -8.40% |
| 2023-12-31 | $105.09 Billion | +2.13% |
| 2022-12-31 | $102.91 Billion | -5.17% |
| 2021-12-31 | $108.51 Billion | +6.72% |
| 2020-12-31 | $101.68 Billion | +20.39% |
| 2019-12-31 | $84.46 Billion | +28.76% |
| 2018-12-31 | $65.60 Billion | +2.94% |
| 2017-12-31 | $63.72 Billion | +7.78% |
| 2016-12-31 | $59.12 Billion | +2.22% |
| 2015-12-31 | $57.84 Billion | +19.60% |
| 2014-12-31 | $48.36 Billion | +23.01% |
| 2013-12-31 | $39.32 Billion | +9.59% |
| 2012-12-31 | $35.88 Billion | +14.58% |
| 2011-12-31 | $31.31 Billion | +376.39% |
| 2010-12-31 | $6.57 Billion | +54.91% |
| 2009-12-31 | $4.24 Billion | +205.69% |
| 2008-12-31 | $1.39 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 15153000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $150.95 Billion | 156.85% |
| Common Stock | $3.12 Billion | 3.24% |
| Other Comprehensive Income | $-81.80 Billion | -85.00% |
| Other Components | $23.97 Billion | 24.91% |
| 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 |
|---|---|
|
TMX Group Limited
PINK:TMXXF
|
$10.11 Billion |
|
NIO INC. CL. A DL -00025
F:N3I
|
$10.11 Billion |
|
Koc Holding AS
IS:KCHOL
|
$10.11 Billion |
|
Covestro AG
PINK:CVVTF
|
$10.12 Billion |
|
GFL ENVIRONM.(SUB.VT.SH.)
F:36E
|
$10.08 Billion |
|
Intertek Group plc
PINK:IKTSF
|
$10.08 Billion |
|
Grab Holdings Ltd
NASDAQ:GRAB
|
$10.07 Billion |
|
II-VI Inc.
LSE:0LHO
|
$10.06 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 comprehensive income decreased equity by 30,725,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $26.23 Billion | +27.25% |
| Dividends Paid | $4.70 Billion | -4.88% |
| Other Comprehensive Income | $-30.73 Billion | -31.93% |
| Other Changes | $368.00 Million | +0.38% |
| 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: 0.12x
- 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 3.22x to 0.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $1.15 | $3.70 | x |
| 2009-12-31 | $3.54 | $3.70 | x |
| 2010-12-31 | $5.46 | $3.70 | x |
| 2011-12-31 | $13.87 | $3.70 | x |
| 2012-12-31 | $11.50 | $3.70 | x |
| 2013-12-31 | $12.62 | $3.70 | x |
| 2014-12-31 | $15.48 | $3.70 | x |
| 2015-12-31 | $18.56 | $3.70 | x |
| 2016-12-31 | $18.90 | $3.70 | x |
| 2017-12-31 | $20.48 | $3.70 | x |
| 2018-12-31 | $21.03 | $3.70 | x |
| 2019-12-31 | $27.07 | $3.70 | x |
| 2020-12-31 | $32.59 | $3.70 | x |
| 2021-12-31 | $34.78 | $3.70 | x |
| 2022-12-31 | $31.41 | $3.70 | x |
| 2023-12-31 | $33.65 | $3.70 | x |
| 2024-12-31 | $30.86 | $3.70 | 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: 38.56%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 17.58x
- Recent ROE (27.25%) is above the historical average (19.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 47.03% | 1.31% | 0.30x | 119.54x | $511.00 Million |
| 2009 | 62.77% | 3.61% | 0.36x | 48.75x | $2.24 Billion |
| 2010 | 34.25% | 2.19% | 0.34x | 46.38x | $1.59 Billion |
| 2011 | 8.94% | 2.56% | 0.28x | 12.35x | $-331.60 Million |
| 2012 | 8.18% | 2.51% | 0.24x | 13.76x | $-654.00 Million |
| 2013 | 11.25% | 3.42% | 0.23x | 14.39x | $490.80 Million |
| 2014 | 13.25% | 4.49% | 0.22x | 13.31x | $1.57 Billion |
| 2015 | 14.87% | 5.45% | 0.24x | 11.42x | $2.82 Billion |
| 2016 | 8.36% | 3.38% | 0.21x | 11.83x | $-969.80 Million |
| 2017 | 8.45% | 3.74% | 0.20x | 11.15x | $-988.50 Million |
| 2018 | 12.08% | 5.15% | 0.21x | 11.19x | $1.36 Billion |
| 2019 | 17.24% | 8.36% | 0.20x | 10.41x | $6.11 Billion |
| 2020 | 14.06% | 6.93% | 0.21x | 9.88x | $4.13 Billion |
| 2021 | 13.78% | 6.73% | 0.20x | 10.39x | $4.10 Billion |
| 2022 | 21.94% | 20.11% | 0.09x | 12.81x | $11.70 Billion |
| 2023 | 8.29% | 12.43% | 0.05x | 13.36x | $-1.79 Billion |
| 2024 | 27.25% | 38.56% | 0.04x | 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: $38,213,058,191
- Average return on equity (ROE) among peers: 29.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New China Life Insurance Company Ltd (NWWCF) | $83.44 Billion | 47.03% | 20.31x | $10.11 Billion |
| AIA Group Ltd (AAIGF) | $145.77 Billion | 1.94% | 0.01x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $78.54 Million | -15.55% | 4.39x | $10.88 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $28.15 Million | 112.55% | 1.10x | $92.22K |
| Aflac Incorporated (AFL) | $6.64 Billion | 18.89% | 10.95x | $56.14 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.29 Billion | 28.05% | 20.11x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $5.02 Billion | 7.72% | 46.48x | $3.38 Billion |
| Challenger Limited (CFIGF) | $1.80 Billion | 14.53% | 8.91x | $1.66 Billion |
| Citizens Inc (CIA) | $259.84 Million | -0.53% | 5.72x | $217.90 Million |
| China Life Insurance Co Ltd (CILJF) | $221.24 Billion | -2.13% | 0.03x | $16.34 Billion |