Thai Reinsurance Public Company Limited
No. 100/3-4, Sathorn Nakorn Tower 3rd – 4th Floor, North Sathorn Road, Silom, Bang Rak, Bangkok 10500
INCOME STATEMENT
Net Premium Written
Unit: THB m
Net Earned Premium
Unit: THB m
UNDERWRITING PROFIT AND ACQUISITION EXPENSES RATIO
Unit: THB m
OPERATING EXPENSES AND OPERATING EXPENSES RATIO
Unit: THB m
NON-INSURANCE INCOME AND ROI
Unit: THB m
PROFIT OF THE COMPANY, ROA AND ROE
Unit: THB m
BALANCE SHEET
Total Asset
Unit: THB m
Liabilities and Shareholders’ Equity
Unit: THB m
CAPITAL ADEQUACY RATIO (%)
Unit: (%)
INCOME STATEMENT
Net Premium Written
Unit: THB m
Net Earned Premium
Unit: THB m
UNDERWRITING PROFIT AND ACQUISITION EXPENSES RATIO
Unit: THB m
OPERATING EXPENSES AND OPERATING EXPENSES RATIO
Unit: THB m
NON-INSURANCE INCOME AND ROI
Unit: THB m
AFTER-TAX PROFIT, ROA AND ROE
Unit: THB m
BALANCE SHEET
Total Asset
Unit: THB m
Liabilities and Shareholders’ Equity
Unit: THB m
consolidated
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| STATEMENTS OF FINANCIAL POSITION (THB m) | ||||
| Assets | 7,007 | 7,113 | 6,700 | 7,813 |
| • Cash, cash equivalents, and investment assets | 4,199 | 3,971 | 3,529 | 4,376 |
| Liabilities | 3,325 | 3,868 | 3,586 | 4,012 |
| • Technical reserve | 2,538 | 2,963 | 2,538 | 2,847 |
| Shareholders’ Equity | 3,681 | 3,245 | 3,114 | 3,543 |
| • Non-controlling interests | 0 | 0 | 0 | 259 |
| • The Company’s Net Worth | 3,681 | 3,245 | 3,114 | 3,801 |
| INCOME STATEMENT (THB m) | ||||
| Gross Premium Written | 4,329 | 4,407 | 4,200 | 4,903 |
| Net Premium Written | 3,944 | 4,033 | 3,856 | 4,654 |
| • Conventional | 1,615 | 1,801 | 2,024 | 2,364 |
| • Non-Conventional | 2,329 | 2,232 | 1,832 | 2,290 |
| Net Earned Premium | 3,750 | 4,051 | 3,889 | 4,350 |
| Net Claims | 1,836 | 2,701 | 2,318 | 2,065 |
| Acquisition Expenses | 1,671 | 1,765 | 1,700 | 1,903 |
| Underwriting Profit | ||||
| • System-wide | 243 | -415 | -129 | 381 |
| • Exclude mega flood & 9 projects | 332 | -415 | -119 | 381 |
| Operating Expenses | 189 | 186 | 201 | 258 |
| Net Non-Insurance Income | 200 | 164 | 104 | 163 |
| Interest Expenses | 0.4 | 0.4 | 0.3 | 1.0 |
| EBT | 255 | -437 | -226 | 286 |
| Income Tax (Revenue) Expense | 33 | -80 | -32 | 54 |
| Non-Controlling Interests | 0 | 0 | 0 | 22 |
| Profit of the Company | 222 | -356 | -194 | 210 |
| PER SHARE BASIS (THB/SHARE) | ||||
| EPS | 0.05 | -0.08 | -0.05 | 0.05 |
| DPS | 0.04 | 0.00 | 0.00 | 0.00 |
| BVPS | 0.87 | 0.77 | 0.74 | 0.90 |
| KEY RATIO | ||||
| Profitability | ||||
| Net Loss Ratio | 49.0 | 66.7 | 59.6 | 47.5 |
| Acquisition Expenses Ratio | 44.6 | 43.6 | 43.7 | 43.8 |
| Operating Expenses Ratio | 5.1 | 4.6 | 4.6 | 5.3 |
| Combined Ratio | ||||
| • Reported Combined ratio | 98.6 | 114.8 | 108.0 | 96.5 |
| • Exclude Covid & 9 projects | 99.4 | 92.1 | 93.9 | 96.5 |
| ROI | 3.7 | 2.6 | 1.4 | 1.6 |
| ROA | 3.0 | -5.0 | -2.8 | 3.2 |
| ROE | 6.1 | -10.3 | -6.1 | 6.7 |
| Solvency | ||||
| CAR (%) | 424 | 275 | 364 | 339 |
Separate
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| STATEMENTS OF FINANCIAL POSITION (THB m) | ||||
| Assets | 6,823 | 6,929 | 6,549 | 7,174 |
| • Cash, cash equivalents, and investment assets | 4,276 | 4,053 | 3,652 | 4,090 |
| Liabilities | 3,218 | 3,745 | 3,479 | 3,850 |
| • Technical reserve | 2,538 | 2,963 | 2,538 | 2,847 |
| Shareholders’ Equity | 3,605 | 3,184 | 3,070 | 3,325 |
| • Non-Controlling Interests | 0 | 0 | 0 | 0 |
| • The Company’s Net Worth | 3,605 | 3,184 | 3,070 | 3,325 |
| INCOME STATEMENT (THB m) | ||||
| Gross Premium Written | 4,329 | 4,407 | 4,200 | 4,903 |
| Net Premium Written | 3,944 | 4,033 | 3,856 | 4,654 |
| • Conventional | 1,615 | 1,801 | 2,024 | 2,364 |
| • Non-Conventional | 2,329 | 2,232 | 1,832 | 2,290 |
| Net Earned Premium | 3,750 | 4,051 | 3,889 | 4,350 |
| Net Claims | 1,836 | 2,701 | 2,318 | 2,065 |
| Acquisition Expenses | 1,671 | 1,765 | 1,700 | 1,903 |
| Underwriting Profit | ||||
| • System-wide | 243 | -415 | -129 | 381 |
| • Exclude mega flood & 9 projects | 332 | -415 | -119 | 381 |
| Operating Expenses | 203 | 196 | 215 | 270 |
| Net Non-Insurance Income | 171 | 173 | 122 | 301 |
| Interest Expenses | 0 | 0 | 0 | 1 |
| EBT | 212 | -438 | -222 | 411 |
| Income Tax (Revenue) Expense | 17 | -100 | -46 | 75 |
| Non-Controlling Interests | 0 | |||
| Profit of the Company | 195 | -338 | -176 | 337 |
| PER SHARE BASIS (THB/SHARE) | ||||
| EPS | 0.05 | -0.08 | -0.04 | 0.08 |
| DPS | 0.04 | 0.00 | 0.00 | 0.00 |
| BVPS | 0.86 | 0.76 | 0.73 | 0.79 |
| KEY RATIO | ||||
| Profitability | ||||
| Net Loss Ratio | 49.0 | 66.7 | 59.6 | 47.5 |
| Acquisition Expenses Ratio | 44.6 | 43.6 | 43.7 | 43.8 |
| Operating Expenses Ratio | 5.4 | 4.9 | 5.0 | 5.5 |
| Combined Ratio | ||||
| • Reported Combined ratio | 98.9 | 115.1 | 108.3 | 96.8 |
| • Exclude Covid & 9 projects | 99.8 | 92.4 | 94.3 | 96.8 |
| ROI | 4.9 | 4.4 | 3.7 | 6.9 |
| ROA | 2.7 | -4.9 | -2.6 | 4.9 |
| ROE | 5.5 | -10.0 | -5.6 | 10.5 |
| Solvency | ||||
| CAR (%) | 424 | 275 | 364 | 339 |