Financial Highlights

Our Q3/17 financial results released on November 8th, 2017

  • 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 9M16 9M17
    Statements of financial position (THB m)
    Assets 32,673 26,344 12,817 13,566 14,224 14,539 12,638
    • Cash, cash equivalents, and investment assets
    18,384 14,281 8,164 8,213 9,130 9,792 7,675
    Liabilities 29,467 24,358 10,048 9,588 8,977 9,254 7,958
    • Technical reserve
    20,307 15,652 4,300 4,223 4,183 3,959 3,680
    Shareholders' Equity 3,206 1,985 2,769 3,979 5,247 5,285 5,247
    • Non-Controlling Interests
    0 0 0 0 0 0 0
    • The Company's Net Worth
    3,206 1,985 2,769 3,979 5,247 5,285 5,247
    Income Statement (THB m)
    Gross Premium Written 5,116 4,530 4,714 5,262 5,183 3,550 3,344
    Net Premium Written 4,229 4,176 4,462 3,314 3,404 2,462 2,200
    • Conventional
    1,046 859 815 778 1,271 918 1,019
    • Non-Conventional
    3,183 3,317 3,647 2,536 2,133 1,544 1,181
    Net Earned Premium 4,315 4,176 4,426 4,112 3,349 2,465 2,381
    Net Claims 8,722 7,015 4,478 1,794 1,461 1,080 1,146
    Acquisition Expenses 1,829 1,781 1,931 1,910 1,438 1,024 1,238
    Underwriting Profit
    • Include mega flood
    -6,237 -4,619 -1,983 408 450 343 -4
    • Exclude mega flood
    -6 192 189 408 450 343 -4
    Operating Expenses 122 138 189 142 200 134 157
    Net Non-Insurance Income 1,014 3,279 1,452 1,555 792 693 1,189
    Interest Expenses 0 0 0 0 0 0 0
    EBT -5,344 -1,478 -719 1,821 1,042 920 1029
    Income Tax (Revenue) Expense -1,075 -363 676 324 167 145 519
    Non-Controlling Interests 0 0 0 0 0    
    Profit of the Company -4,269 -1,116 -1,395 1,497 875 776 510
    Per Share Basis (THB/share)
    EPS -1.415 -0.318 -0.37 0.36 0.21 0.18 0.12
    DPS 0 0 0 0 0.15 0.10 0.05
    BVPS 0.91 0.57 0.66 0.94 1.24 1.24 1.11
    Key Ratio
    Profitability          
    Net Loss Ratio 202.2 168.0 101.2 43.6 43.6 43.8 48.2
    Acquisition Expenses Ratio 42.4 42.6 42.7 47.7 42.9 41.5 52.0
    Operating Expenses Ratio 2.9 3.3 4.2 4.3 5.9 5.4 6.6
    Combined Ratio
    • Include Mega Flood
    247.5 213.9 148.1 95.6 92.4 90.8 106.7
    • Exclude Mega Flood
    103.0 98.7 99.0 95.6 92.4 90.8 106.7
    ROI 7.1 19.9 12.6 18.8 9.1 11.7 13.5
    ROA -14.8 -3.8 -7.1 11.3 6.3 7.3 5.0
    ROE -236.2 -43.0 -58.7 44.4 19.0 22.2 13.6
    Solvency          
    CAR (%) 172 209 158 297 339 324 325
    2012 2013 2014 2015 2016 9M16 9M17
    Statements of financial position (THB m)
    Assets 33,642 27,910 14,682 15,112 14,418 14,742 12,779
    • Cash, cash equivalents, and investment assets
    18,895 15,282 9,378 9,875 9,124 9,752 7,589
    Liabilities 30,154 25,082 10,899 9,656 9,038 9,334 8,037
    • Technical reserve
    20,307 15,652 4,300 4,223 4,183 3,959 3,680
    Shareholders' Equity 3,489 2,828 3,782 5,456 5,380 5,408 4,742
    • Non-Controlling Interests
    13 555 728 44 60 53 24
    • The Company's Net Worth
    3,476 2,273 3,054 5,412 5,320 5,355 4,718
    Income Statement (THB m)
    Gross Premium Written 5,116 4,530 4,714 5,262 5,183 3,550 3,344
    Net Premium Written 4,229 4,176 4,462 3,314 3,404 2,462 2,200
    • Conventional
    1,046 859 815 778 1,271 918 1,019
    • Non-Conventional
    3,183 3,317 3,647 2,536 2,133 1,544 1,181
    Net Earned Premium 4,315 4,176 4,426 4,112 3,349 2,465 2,381
    Net Claims 8,722 7,015 4,478 1,794 1,461 1,080 1,146
    Acquisition Expenses 1,828 1,782 1,930 1,910 1,438 1,024 1,238
    Underwriting Profit
    • Include mega flood
    -6,236 -4,620 -1,982 408 451 362 -3
    • Exclude mega flood
    -5 180 190 408 451 362 -3
    Operating Expenses 134 126 180 132 187 128 149
    Net Non-Insurance Income 1,033 1,262 947 3,096 108 7 281
    Interest Expenses 1 1
    EBT -5,337 -3,484 -1,215 3,372 372 240 128
    Income Tax (Revenue) Expense -996 -730 536 642 69 44 345
    Non-Controlling Interests 8 45 202 74 25 22 14
    Profit of the Company -4,349 -2,799 -1,953 2,655 278 174 -231
    Per Share Basis (THB/share)
    EPS -1.44 -0.80 -0.52 0.63 0.07 0.04 -0.05
    DPS 0 0 0 0 0.15 0.10 0.05
    BVPS 0.99 0.65 0.72 1.28 1.26 1.26 1.12
    Key Ratio
    Profitability          
    Net Loss Ratio 202.2 168.0 101.2 43.6 43.6 43.8 48.2
    Acquisition Expenses Ratio 42.1 42.4 43.3 47.0 42.9 41.5 52.0
    Operating Expenses Ratio 3.1 3.6 3.4 4.7 5.9 5.2 6.2
    Combined Ratio
    • Include Mega Flood
    247.4 213.9 147.9 95.3 92.4 90.52 106.4
    • Exclude Mega Flood
    102.8 98.7 98.8 95.3 92.4 90.5 106.4
    ROI 5.3 4.6 4.7 4.6 4.9 6.6 6.3
    ROA -14.7 -9.1 -9.2 17.8 1.9 1.8 -2.1
    ROE -206.9 -97.4 -73.3 62.7 5.2 4.3 -6.1
    Solvency          
    CAR (%) 172 209 158 297 339 324 325