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New China Life Insurance Co (SHSE:601336) Scaled Net Operating Assets : 0.04 (As of Mar. 2025)


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What is New China Life Insurance Co Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

New China Life Insurance Co's operating assets for the quarter that ended in Mar. 2025 was ¥1,711,752 Mil. New China Life Insurance Co's operating liabilities for the quarter that ended in Mar. 2025 was ¥1,642,239 Mil. New China Life Insurance Co's Total Assets for the quarter that ended in Dec. 2024 was ¥1,692,297 Mil. Therefore, New China Life Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2025 was 0.04.

New China Life Insurance Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

New China Life Insurance Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(1653836-1564929)/1403257
=0.06

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1692297 - 38461
=1653836

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1596028 - 31099 - 0
=1564929

New China Life Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2025 )
=(Operating Assets (Q: Mar. 2025 )-Operating Liabilities (Q: Mar. 2025 ))/Total Assets (Q: Dec. 2024 )
=(1711752-1642239)/1692297
=0.04

where

Operating Assets(Q: Mar. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1753416 - 41664
=1711752

Operating Liabilities(Q: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1673537 - 31298 - 0
=1642239

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New China Life Insurance Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » New China Life Insurance Co Ltd (SHSE:601336) » Definitions » Scaled Net Operating Assets
Comparable Companies
SZSE:002423 SZSE:000627 SHSE:601601 SHSE:601628 SHSE:601318 HKSE:01299 BOM:543526 AFL TSX:MFC MET TPE:2881 PRU TSX:GWO TPE:2882 LSE:PRU TSE:8750 TSX:POW BOM:540719 BOM:540777 XKRX:032830
Traded in Other Exchanges
01336:Hong Kong NCL:Germany
Address
A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022
Website
https://www.newchinalife.com
New China Life Insurance is headquartered in Beijing and was established in 1996 by a combination of state-owned enterprises and private firms. It is currently the fourth-largest life insurer in China based on total assets. The company is partly owned by Huijin Investment, the government's investment arm, which holds a 31% stake in New China Life. In 2011, the company was listed on both the Hong Kong and Shanghai stock exchanges.New China Life offers a wide range of life insurance products and services to both individual and institutional customers through its extensive distribution networks and diverse marketing channels. Additionally, it manages and invests insurance funds through its subsidiaries, including its Asset Management Company and Asset Management Company (Hong Kong).
Executives
Kang Dian senior management
Zhu Nan Song Supervisors