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) - Total Assets
Latest total assets as of June 2025: $1.78 Trillion USD
Based on the latest financial reports, New China Life Insurance Company Ltd (NWWCF) holds total assets worth $1.78 Trillion USD as of June 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
New China Life Insurance Company Ltd - Total Assets Trend (2008–2024)
This chart illustrates how New China Life Insurance Company Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
New China Life Insurance Company Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
New China Life Insurance Company Ltd's total assets of $1.78 Trillion consist of 0.5% current assets and 99.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.3% |
| Accounts Receivable | $8.84 Billion | 0.5% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $4.05 Billion | 0.2% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2008–2024)
This chart illustrates how New China Life Insurance Company Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: New China Life Insurance Company Ltd's current assets represent 0.5% of total assets in 2024, a decrease from 25.9% in 2008.
- Cash Position: Cash and equivalents constituted 2.3% of total assets in 2024, down from 3.5% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2008.
- Asset Diversification: The largest asset category is accounts receivable at 0.5% of total assets.
New China Life Insurance Company Ltd Competitors by Total Assets
Key competitors of New China Life Insurance Company Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hubei Biocause Pharmaceutical
SHE:000627
|
China | CN¥285.15 Billion |
|
COFCO Capital Holdings Co Ltd
SHE:002423
|
China | CN¥174.30 Billion |
|
Samsung Life
KO:032830
|
Korea | ₩350.69 Trillion |
|
Tongyang Life
KO:082640
|
Korea | ₩35.69 Trillion |
|
Mirae Asset Life Insurance Co Ltd
KO:085620
|
Korea | ₩33.22 Trillion |
|
Hanwha Life
KO:088350
|
Korea | ₩168.94 Trillion |
|
Manulife Holdings Bhd
KLSE:1058
|
Malaysia | RM8.08 Billion |
|
Mercuries Life Insurance Co Ltd
TW:2867
|
Taiwan | NT$1.60 Trillion |
New China Life Insurance Company Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - New China Life Insurance Company Ltd generates 0.04x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, New China Life Insurance Company Ltd generates $ 1.55 in net profit.
New China Life Insurance Company Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 56.09 | 2.85 | 67.36 |
| Quick Ratio | 56.09 | 2.85 | 67.36 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $835.32 Billion | $ 11.04 Billion | $ 393.14 Billion |
New China Life Insurance Company Ltd - Advanced Valuation Insights
This section examines the relationship between New China Life Insurance Company Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.33 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 20.6% |
| Total Assets | $1.69 Trillion |
| Market Capitalization | $10.11 Billion USD |
Valuation Analysis
Below Book Valuation: The market values New China Life Insurance Company Ltd's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: New China Life Insurance Company Ltd's assets grew by 20.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for New China Life Insurance Company Ltd (2008–2024)
The table below shows the annual total assets of New China Life Insurance Company Ltd from 2008 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.69 Trillion | +20.60% |
| 2023-12-31 | $1.40 Trillion | +11.81% |
| 2022-12-31 | $1.26 Trillion | +11.29% |
| 2021-12-31 | $1.13 Trillion | +12.28% |
| 2020-12-31 | $1.00 Trillion | +14.27% |
| 2019-12-31 | $878.97 Billion | +19.76% |
| 2018-12-31 | $733.93 Billion | +3.33% |
| 2017-12-31 | $710.27 Billion | +1.59% |
| 2016-12-31 | $699.18 Billion | +5.85% |
| 2015-12-31 | $660.56 Billion | +2.62% |
| 2014-12-31 | $643.71 Billion | +13.76% |
| 2013-12-31 | $565.85 Billion | +14.62% |
| 2012-12-31 | $493.69 Billion | +27.64% |
| 2011-12-31 | $386.77 Billion | +26.99% |
| 2010-12-31 | $304.57 Billion | +47.41% |
| 2009-12-31 | $206.62 Billion | +25.25% |
| 2008-12-31 | $164.96 Billion | -- |