Central Reinsurance Corp
Central Reinsurance Corporation provides various property and life inward and outward reinsurance services in Taiwan and internationally. It offers non-life insurance products, such as fire, marine and aviation, casualty, motor, engineering, and residential earthquake insurance products. The company also provides life, personal accident, and health insurance products; and risk management solution… Read more
Central Reinsurance Corp (2851) - Net Assets
Latest net assets as of June 2025: NT$18.91 Billion TWD
Based on the latest financial reports, Central Reinsurance Corp (2851) has net assets worth NT$18.91 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$57.54 Billion) and total liabilities (NT$38.63 Billion). 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 | NT$18.91 Billion |
| % of Total Assets | 32.86% |
| Annual Growth Rate | 7.52% |
| 5-Year Change | 55.89% |
| 10-Year Change | 123.58% |
| Growth Volatility | 12.44 |
Central Reinsurance Corp - Net Assets Trend (2000–2024)
This chart illustrates how Central Reinsurance Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Central Reinsurance Corp (2000–2024)
The table below shows the annual net assets of Central Reinsurance Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$20.90 Billion | +9.70% |
| 2023-12-31 | NT$19.05 Billion | +12.10% |
| 2022-12-31 | NT$17.00 Billion | +2.69% |
| 2021-12-31 | NT$16.55 Billion | +23.44% |
| 2020-12-31 | NT$13.41 Billion | +11.47% |
| 2019-12-31 | NT$12.03 Billion | +7.42% |
| 2018-12-31 | NT$11.20 Billion | -0.47% |
| 2017-12-31 | NT$11.25 Billion | +18.45% |
| 2016-12-31 | NT$9.50 Billion | +1.60% |
| 2015-12-31 | NT$9.35 Billion | -1.14% |
| 2014-12-31 | NT$9.46 Billion | +4.69% |
| 2013-12-31 | NT$9.03 Billion | +13.01% |
| 2012-12-31 | NT$7.99 Billion | +12.29% |
| 2011-12-31 | NT$7.12 Billion | -11.52% |
| 2010-12-31 | NT$8.05 Billion | -0.66% |
| 2009-12-31 | NT$8.10 Billion | +38.36% |
| 2008-12-31 | NT$5.85 Billion | -24.10% |
| 2007-12-31 | NT$7.71 Billion | +12.16% |
| 2006-12-31 | NT$6.88 Billion | +4.68% |
| 2005-12-31 | NT$6.57 Billion | +24.22% |
| 2004-12-31 | NT$5.29 Billion | +17.69% |
| 2003-12-31 | NT$4.49 Billion | +20.00% |
| 2002-12-31 | NT$3.74 Billion | +4.49% |
| 2001-12-31 | NT$3.58 Billion | -2.24% |
| 2000-12-31 | NT$3.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Central Reinsurance Corp'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 262.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.07 Billion | 9.91% |
| Other Components | NT$18.83 Billion | 90.09% |
| Total Equity | NT$20.90 Billion | 100.00% |
Central Reinsurance Corp Competitors by Market Cap
The table below lists competitors of Central Reinsurance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Jianfeng Group Co Ltd
SHG:600668
|
$338.21 Million |
|
Jasmine Telecom Systems Public Company Limited
BK:JTS
|
$338.29 Million |
|
Sanyo Chemical Industries Ltd
F:XSI
|
$338.32 Million |
|
Shanxi C&Y Pharmaceutical Group Co Ltd
SHE:300254
|
$338.45 Million |
|
NEXTIN Inc
KQ:348210
|
$338.05 Million |
|
Arvind Fashions Limited
NSE:ARVINDFASN
|
$338.02 Million |
|
GKHT Medical Technology Co. Ltd. A
SHE:301370
|
$337.82 Million |
|
CSN Mineração S.A
SA:CMIN3
|
$337.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Central Reinsurance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,054,309,000 to 20,903,428,000, a change of 1,849,119,000 (9.7%).
- Net income of 2,515,177,000 contributed positively to equity growth.
- Dividend payments of 1,120,544,000 reduced retained earnings.
- Other comprehensive income decreased equity by 9,463,005,000.
- Other factors increased equity by 9,917,491,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.52 Billion | +12.03% |
| Dividends Paid | NT$1.12 Billion | -5.36% |
| Other Comprehensive Income | NT$-9.46 Billion | -45.27% |
| Other Changes | NT$9.92 Billion | +47.44% |
| Total Change | NT$- | 9.70% |
Book Value vs Market Value Analysis
This analysis compares Central Reinsurance Corp'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: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.24x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$13.31 | NT$29.75 | x |
| 2010-12-31 | NT$13.22 | NT$29.75 | x |
| 2011-12-31 | NT$11.70 | NT$29.75 | x |
| 2012-12-31 | NT$13.16 | NT$29.75 | x |
| 2013-12-31 | NT$14.82 | NT$29.75 | x |
| 2014-12-31 | NT$15.55 | NT$29.75 | x |
| 2015-12-31 | NT$15.37 | NT$29.75 | x |
| 2016-12-31 | NT$15.61 | NT$29.75 | x |
| 2017-12-31 | NT$18.49 | NT$29.75 | x |
| 2018-12-31 | NT$18.40 | NT$29.75 | x |
| 2019-12-31 | NT$19.77 | NT$29.75 | x |
| 2020-12-31 | NT$22.04 | NT$29.75 | x |
| 2021-12-31 | NT$27.20 | NT$29.75 | x |
| 2022-12-31 | NT$27.56 | NT$29.75 | x |
| 2023-12-31 | NT$23.81 | NT$29.75 | x |
| 2024-12-31 | NT$26.12 | NT$29.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Central Reinsurance Corp 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): 12.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.99%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.77x
- Recent ROE (12.03%) is above the historical average (9.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.33% | 3.65% | 0.83x | 3.74x | NT$48.58 Million |
| 2001 | 7.29% | 2.63% | 0.64x | 4.30x | NT$-97.28 Million |
| 2002 | 8.25% | 2.79% | 0.69x | 4.32x | NT$-65.54 Million |
| 2003 | 7.99% | 3.01% | 0.64x | 4.15x | NT$-90.43 Million |
| 2004 | 7.54% | 3.29% | 0.60x | 3.81x | NT$-130.16 Million |
| 2005 | 9.84% | 4.96% | 0.57x | 3.47x | NT$-10.32 Million |
| 2006 | 10.11% | 4.95% | 0.59x | 3.49x | NT$7.82 Million |
| 2007 | 16.33% | 8.73% | 0.55x | 3.41x | NT$488.19 Million |
| 2008 | 3.65% | 1.57% | 0.53x | 4.42x | NT$-371.73 Million |
| 2009 | 12.26% | 7.42% | 0.45x | 3.67x | NT$182.96 Million |
| 2010 | 8.76% | 5.20% | 0.45x | 3.73x | NT$-99.69 Million |
| 2011 | 2.22% | 1.20% | 0.43x | 4.28x | NT$-553.93 Million |
| 2012 | 8.50% | 4.73% | 0.45x | 4.02x | NT$-119.97 Million |
| 2013 | 8.10% | 4.76% | 0.47x | 3.65x | NT$-171.26 Million |
| 2014 | 9.21% | 5.35% | 0.48x | 3.60x | NT$-74.82 Million |
| 2015 | 8.19% | 5.44% | 0.42x | 3.56x | NT$-169.08 Million |
| 2016 | 8.06% | 5.70% | 0.40x | 3.54x | NT$-184.13 Million |
| 2017 | 12.35% | 9.52% | 0.40x | 3.24x | NT$264.31 Million |
| 2018 | 9.38% | 7.06% | 0.40x | 3.33x | NT$-69.75 Million |
| 2019 | 9.18% | 6.86% | 0.41x | 3.26x | NT$-98.79 Million |
| 2020 | 11.30% | 8.58% | 0.41x | 3.19x | NT$174.81 Million |
| 2021 | 12.48% | 10.10% | 0.41x | 2.99x | NT$409.84 Million |
| 2022 | 1.49% | 1.19% | 0.42x | 2.96x | NT$-1.45 Billion |
| 2023 | 10.97% | 9.52% | 0.41x | 2.83x | NT$184.51 Million |
| 2024 | 12.03% | 10.99% | 0.40x | 2.77x | NT$424.83 Million |
Industry Comparison
This section compares Central Reinsurance Corp's net assets metrics with peer companies in the Insurance - Reinsurance industry.
No peer company data available for comparison.