Financial Highlights

FY 2017 financial results released on February 23rd, 2018

  • Income Statement

    Underwriting Profit and Acquisition Expenses Ratio

    Operating Expenses and Operating Expenses Ratio

    Non-Insurance Income and ROI

    After-Tax Profit, ROA and ROE

    Balance Sheet (THB m)

    • Cash and Investment Assets
    • Others Assets
    • Insurance Reserve
    • Others Liabilities
    • Equity Attributable to the Company
    • Non-Controlling Interests

    Income Statement

    Underwriting Profit and Acquisition Expenses Ratio

    Operating Expenses and Operating Expenses Ratio

    Non-Insurance Income and ROI

    Profit of the Company, ROA and ROE

    Balance Sheet (THB m)

    • Cash and Investment Assets
    • Others assets
    • Insurance Reserve
    • Others Liabilities
    • Equity Attributable to the Company
    • Non-Controlling Interests

    Capital Adequacy Ratio (%)

  • 2012 2013 2014 2015 2016 2017
    Statements of financial position (THB m)
    Assets 32,673 26,344 12,817 13,566 14,224 12,328
    • Cash, cash equivalents, and investment assets
    18,384 14,281 8,164 8,213 9,130 7,563
    Liabilities 29,467 24,358 10,048 9,588 8,977 7,463
    • Technical reserve
    20,307 15,652 4,300 4,223 4,183 3,618
    Shareholders' Equity 3,206 1,985 2,769 3,979 5,247 4,865
    • Non-Controlling Interests
    0 0 0 0 0 0
    • The Company's Net Worth
    3,206 1,985 2,769 3,979 5,247 4,865
    Income Statement (THB m)
    Gross Premium Written 5,116 4,530 4,714 5,262 5,183 4,903
    Net Premium Written 4,229 4,176 4,462 3,314 3,404 3,041
    • Conventional
    1,046 859 815 778 1,271 1,349
    • Non-Conventional
    3,183 3,317 3,647 2,536 2,133 1,691
    Net Earned Premium 4,315 4,176 4,426 4,112 3,349 3,171
    Net Claims 8,722 7,015 4,478 1,794 1,461 1,485
    Acquisition Expenses 1,829 1,781 1,931 1,910 1,438 1,661
    Underwriting Profit
    • Include mega flood
    -6,237 -4,619 -1,983 408 450 25
    • Exclude mega flood
    -6 192 189 408 450 25
    Operating Expenses 122 138 189 142 200 211
    Net Non-Insurance Income 1,014 3,279 1,452 1,555 792 1,359
    Interest Expenses 0 0 0 0 0 0
    EBT -5,344 -1,478 -719 1,821 1,042 1,172
    Income Tax (Revenue) Expense -1,075 -363 676 324 167 541
    Non-Controlling Interests 0 0 0 0 0 0
    Profit of the Company -4,269 -1,116 -1,395 1,497 875 631
    Per Share Basis (THB/share)
    EPS -1.415 -0.318 -0.37 0.36 0.21 0.15
    DPS 0 0 0 0 0.15 0.10
    BVPS 0.91 0.57 0.66 0.94 1.24 1.15
    Key Ratio
    Profitability
    Net Loss Ratio 202.2 168.0 101.2 43.6 43.6 46.8
    Acquisition Expenses Ratio 42.4 42.6 42.7 46.5 42.9 52.4
    Operating Expenses Ratio 2.9 3.3 4.2 3.5 6.0 6.7
    Combined Ratio
    • Include Mega Flood
    247.5 213.9 148.1 93.6 92.5 105.9
    • Exclude Mega Flood
    103.0 98.7 99.0 93.6 92.5 105.9
    ROI 7.1 19.9 12.6 18.3 9.0 17.4
    ROA -14.8 -3.8 -7.1 11.3 6.3 4.8
    ROE -236.2 -43.0 -58.7 44.4 19.0 12.5
    Solvency
    CAR (%) 172 209 158 297 339 331
    2012 2013 2014 2015 2016 2017
    Statements of financial position (THB m)
    Assets 33,642 27,910 14,682 15,112 14,418 12,395
    • Cash, cash equivalents, and investment assets
    18,895 15,282 9,378 9,875 9,124 7,404
    Liabilities 30,154 25,082 10,899 9,656 9,038 7,529
    • Technical reserve
    20,307 15,652 4,300 4,223 4,183 3,618
    Shareholders' Equity 3,489 2,828 3,782 5,456 5,380 4,866
    • Non-Controlling Interests
    13 555 728 44 60 0
    • The Company's Net Worth
    3,476 2,273 3,054 5,412 5,320 4,866
    Income Statement (THB m)
    Gross Premium Written 5,116 4,530 4,714 5,262 5,183 4,903
    Net Premium Written 4,229 4,176 4,462 3,314 3,404 3,041
    • Conventional
    1,046 859 815 778 1,271 1,349
    • Non-Conventional
    3,183 3,317 3,647 2,536 2,133 1,691
    Net Earned Premium 4,315 4,176 4,426 4,112 3,349 3,171
    Net Claims 8,722 7,015 4,478 1,794 1,461 1,485
    Acquisition Expenses 1,828 1,782 1,930 1,910 1,438 1,661
    Underwriting Profit
    • Include mega flood
    -6,236 -4,620 -1,982 408 451 25
    • Exclude mega flood
    -5 180 190 408 451 25
    Operating Expenses 134 126 180 132 187 199
    Net Non-Insurance Income 1,033 1,262 947 3,096 108 446
    Interest Expenses
    EBT -5,337 -3,484 -1,215 3,372 372 272
    Income Tax (Revenue) Expense -996 -730 536 642 69 368
    Non-Controlling Interests 8 45 202 74 25 15
    Profit of the Company -4,349 -2,799 -1,953 2,655 278 -111
    Per Share Basis (THB/share)
    EPS -1.44 -0.80 -0.52 0.63 0.07 -0.03
    DPS 0 0 0 0 0.15 0.10
    BVPS 0.99 0.65 0.72 1.28 1.26 1.15
    Key Ratio
    Profitability            
    Net Loss Ratio 202.2 168.0 101.2 43.6 43.6 46.8
    Acquisition Expenses Ratio 42.1 42.4 43.3 46.4 42.9 52.4
    Operating Expenses Ratio 3.1 3.6 3.4 3.2 5.6 6.3
    Combined Ratio            
    • Include Mega Flood
    247.4 213.9 147.9 93.2 92.1 105.5
    • Exclude Mega Flood
    102.8 98.7 98.8 93.2 92.1 105.5
    ROI 5.3 4.6 4.7 28.9 0.9 5.1
    ROA -14.7 -9.1 -9.2 17.8 2.1 -0.7
    ROE -206.9 -97.4 -73.3 62.7 5.2 -2.2
    Solvency
    CAR (%) 172 209 158 297 339 331