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
2017 2018 2019 2020
STATEMENTS OF FINANCIAL POSITION (THB m)
Assets 12,395 9,755 7,813 7,007
• Cash, cash equivalents, and investment assets 7,404 5,660 4,258 4,199
Liabilities 7,529 6,222 4,263 3,325
• Technical reserve 3,618 3,611 2,862 2,538
Shareholders’ Equity 4,866 3,620 3,549 3,681
• Non-Controlling Interests 0 0 0 0
• The Company’s Net Worth 4,866 3,620 3,549 3,681
INCOME STATEMENT (THB m)
Gross Premium Written 4,903 4,849 4,455 4,329
Net Premium Written 3,041 3,483 3,498 3,944
• Conventional 1,349 1,801 1,540 1,615
• Non-Conventional 1,691 1,682 1,958 2,329
Net Earned Premium 3,171 3,359 3,609 3,750
Net Claims 1,485 1,842 1,977 1,836
Acquisition Expenses 1,661 1,777 1,669 1,671
Underwriting Profit
• System-wide 25 -260 -38 243
• Exclude mega flood & 9 projects 480 305 193 332
Operating Expenses 199 200 187 189
Net Non-Insurance Income 447 -227 388 200
Interest Expenses 0.8 0.5 0.2 0.4
EBT 272 -688 164 255
Income Tax (Revenue) Expense 368 324 39 33
Non-Controlling Interests 15 0 0 0
Profit of the Company -111 -1,012 125 222
PER SHARE BASIS (THB/SHARE)
EPS -0.03 -0.24 0.03 0.05
DPS 0.10 0.00 0.00 0.00
BVPS 1.15 0.86 0.84 0.87
KEY RATIO
Profitability
Net Loss Ratio 46.8 54.8 54.8 49.0
Acquisition Expenses Ratio 52.4 52.9 46.3 44.6
Operating Expenses Ratio 6.3 5.3 5.2 5.1
Combined Ratio
• Include mega flood 105.5 113.1 106.2 98.6
• Exclude mega flood 105.5 113.1 106.2 98.6
• Exclude mega flood & 9 projects 90.3 95.9 98.3 95.7
ROI 5.1 -4.2 6.4 3.7
ROA -0.7 -9.1 1.4 3.0
ROE -2.2 -23.8 3.5 6.1
Solvency        
CAR (%) 331 302 335 431*
Noted: * : was the CAR ratio at the end of Q3/20
Separate
2017 2018 2019 2020
STATEMENTS OF FINANCIAL POSITION (THB m)
Assets 12,328 9,755 7,667 6,823
• Cash, cash equivalents, and investment assets 7,563 5,781 4,350 4,276
Liabilities 7,463 6,159 4,173 3,218
• Technical reserve 3,618 3,611 2,862 2,538
Shareholders’ Equity 4,865 3,596 3,494 3,605
• Non-Controlling Interests 0 0 0 0
• The Company’s Net Worth 4,865 3,596 3,494 3,605
INCOME STATEMENT (THB m)
Gross Premium Written 4,903 4,849 4,455 4,329
Net Premium Written 3,041 3,483 3,498 3,944
• Conventional 1,349 1,801 1,540 1,615
• Non-Conventional 1,691 1,682 1,958 2,329
Net Earned Premium 3,171 3,359 3,609 3,750
Net Claims 1,485 1,842 1,977 1,836
Acquisition Expenses 1,661 1,777 1,669 1,671
Underwriting Profit
• System-wide 25 -260 -38 243
• Exclude mega flood & 9 projects 480 305 193 332
Operating Expenses 211 208 197 203
Net Non-Insurance Income 1,359 -260 349 171
Interest Expenses 0 0 0 0
EBT 1,171 -727 115 212
Income Tax (Revenue) Expense 541 309 20 17
Non-Controlling Interests       0
Profit of the Company 631 -1,037 95 195
PER SHARE BASIS (THB/SHARE)
EPS -0.15 -0.25 0.02 0.05
DPS 0.10 0 0 0
BVPS 1.15 0.85 0.83 0.86
KEY RATIO
Profitability
Net Loss Ratio 46.8 54.8 54.8 49.0
Acquisition Expenses Ratio 52.4 52.9 46.3 44.6
Operating Expenses Ratio 6.7 5.6 5.4 5.4
Combined Ratio
• Include mega flood 105.9 113.3 106.5 98.9
• Exclude mega flood 105.9 113.3 106.5 98.9
• Exclude mega flood & 9 projects 90.7 96.2 98.6 96.1
ROI 17.4 -3.5 7.2 4.9
ROA 0.05 -9.4 1.1 2.7
ROE 12.50 -24.5 2.7 5.5
Solvency        
CAR (%) 331 302 335 431*
Noted: * : was the CAR ratio at the end of Q3/20