Opportunity Day 2Q2019 8 th August 2019 UNIQUE LIFE RE SOLUTION WE - - PowerPoint PPT Presentation

Opportunity Day

UNIQUE LIFE RESOLUTION

8th August 2019

2Q2019

2 SUTTI RAJITRANGSON President & CEO

“ WE PROVIDE TAILORED SOLUTIONS TO MEET SPECIFIC NEEDS FOR OUR CLIENTS AND ENABLE THEM TO ENHANCE AND EXPAND INTO NEW MARKET OPPORTUNITIES. ”

Agenda

Who we are Key financial & highlights Business Outlook Q&A

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Agenda

Who we are Key financial & highlights Business Outlook Q&A

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Vision

Being unique life reinsurance solutions provider.

Mission

• We aim to create and develop insurance products and

services with our international standard approach.

• We continue to maintain our financial strength and create

sustainable return to our shareholders.

• We aim to optimize our resources and platforms to cope

with business environment changes.

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Who we are

Ceding Company

Premium Life Coverage Reinsurance Premium Reinsurance Coverage

Reinsurer

ผู้รับประกันภัยต่อ

Insured

ผู้เอาประกันภัย Life Insurance

ประกันชีวิตตรง

Life Reinsurance

ประกันชีวิตต่อ

Insurer

ผู้รับประกันภัย

เบี้ยประกันภัยชีวิต ความคุ้มครองชีวิต เบี้ยประกันภัยต่อ ร่วมรับความเสี่ยงจากส่วนประกันภัยต่อ

THREL

• We are only one Reinsurer with local service.

ไทยรีมีความเข้าใจตลาดและให้บริการได้รวดเร็ว

• We maintain CAR >300% which equivalent to Credit

rating AAA of OIC guideline. ลูกค้าจะมีต้นทุนที่ถูกกว่าหากใช้บริการกับไทยรี

• We gain market share 20% in Thai market.

ไทยรีเป็นบริษัทชั้นน าในตลาดประเทศไทย

CGR Score 5 (Excellent)

AMBEST

A- (Excellent)

OIC Rating

AAA

Characteristics of THREL

Conventional การพัฒนาธุรกิจแบบดั้งเดิม

Non Conventional

การพัฒนาธุรกิจแบบร่วมพัฒนา

Risk Management : Provide reassurance capacity and consultancy.

Business Development :

Partner up with life insurers to develop new products, services, and distribution channels. Consultant : Support UW & Claim service by experienced team

• f Senior Underwriters, Physician doctor, nurses,

and staff. Knowledge : Provide tailor-made & public trainings and seminars for the industry.

Products Services

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27 28 29 29 53 81 142 143 220 285 304 339 449 554 607 842 1,145 1,388 1,624 1,851 1,975 2,157 2,400 500 1,000 1,500 2,000 2,500 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Life Department

• f THRE

Establish as Thaire Life Assurance Co., Ltd

THREL’S Premium (MB) รับงาน MA 5% 11 บริษัท

Company History 1996 – 2018 THREL Premiums

Listed to SET

Paid-up capital 600MB

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SET100

• Entered to be part of

SET100

• Financial strength

rating by A.M. Best A-

Investment

Invested in TKI Life, Lao PDR 32.5%

Events 2016-2018

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• Growth Health Ins.

products

• Growth Health Ins.

products

• Income from EMCS
• Project IFRS#17
• Recapture effect
• U/W result reflect from

Health Ins. product

2016 2017 2018

Agenda

Who we are Key financial & highlights Business Outlook Q&A

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49% 50% 50% 34% 33% 34% 12% 12% 10% 5% 5% 6% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2015 2016 2017 Health Group Accident Others

Thailand Market Product Trend - Basic vs Supplementary

ข้อมูลจาก รายงานประจ าปี 2017 ของส านักงาน คปภ.

Basic – Whole Life, Endowment, Term, Others Supplementary – Group, PA, ACC, Health, Others

69% 74%

2015 – 2017 Net Written Premiums Growth

Year

Year (%)

2015 – 2017 Proportion of Supplementary product

Growth (%) 0% 1% 2% 3% 4% 5% 6% 7% 2015 2016 2017 Basic Supplementary

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THREL Goal in 2019

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Gross Premium Growth 7% Combined ratio 90% ROE 17% CAR 300% Opex ratio 5% Investment Yield 4%

Key Financial Highlights 1H2019

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Gross Premium Growth 7% Combined ratio 92.7% ROE 13.5%* CAR 340% Opex ratio 5.3% Investment Yield 5.6%*

* annualize

1,851 1,975 2,157 2,400 1,261

2015 2016 2017 2018 1H2019

1,182 423 300 456 234 74 Baht Million

Financial Highlights

Gross Premium Written & Underwriting Result

Gross premium written has been growing steadily over the past few years, and 1H2019 was increased by 7% YoY.

14 Gross premium Underwriting profit

2Q18 2Q19 %YoY 1H18 1H19 %YoY Premium Written 633 693 10% 1,182 1,261 7% Earned Premium 560 550

• 2%

1,117 1,122 0% Underwriting Profit 95 22

• 76%

163 74

• 55%

Investment Income 21 34 63% 36 56 57% Profit Before Tax 116 56

• 51%

200 130

• 35%

Net Profit 94 49

• 48%

163 109

• 33%

Combined Ratio 81.6 94.4 84.4 92.7 EPS (baht) 0.16 0.08 0.27 0.18 Baht Million

655 598 526 663 1H18 1H19 Conventional Non-conventional

Performance by Character of Business

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Baht Million

Conventional

• 9% YoY

Non-conventional

+ 26% YoY 1,261 1,181

45% 55% 53% 47%

1H2018 1H2019

Proportion Gross Premium 1H 2019 Vs 1H 2018

55 59 341 393 492 576 1,048 920 YE/18 1H/19

Fixed Income Other Equity Stock Property Fund & Infra Fund Cash & Money market

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Investment Asset

1,953 1,963

Investment Assets grew up 10 mb from YE/18 around 0.5%

• Cash paid from operation -75 mb
• Increasing in market price 66 mb
• Interest and dividend for reinvestment 31 mb
• Others -12 mb

Baht Million Note : Fixed income - Fixed income funds, Bond & Treasury, Debentures, Time Deposit and Loan Equity Stock - Equity, Flexible fund, Equity fund and Foreign investment fund 54% 25% 17% 3% 47% 29% 20% 3%

4.7 3.8 4.6 4.4 5.1 15.9 11.7 11.3 8.2 20.1 0.2 15.9

• 8.8

9.5 8.6

4.2% 6.8% 1.5% 4.4% 6.8% 4.5% 7.1% 1.8% 4.7% 7.5%

• 0.1
• 0.08
• 0.06
• 0.04
• 0.02

0.02 0.04 0.06 0.08 0.1

• 20
• 10

10 20 30 40 50 60

2Q/18 3Q/18 4Q/18 1Q/19 2Q/19

Interest Dividend Capital gain & Mark to Mkt ROI ROI included Tax benefit 17

Investment Income

Baht Million

20.8 31.4 7.1 22.1

Dividend 2Q/19 increased by 4 mb +26% YoY due mainly to increased investment proportion in property fund & infra fund and equity stock

33.8

9.6 9.5 21 28.3 5 18.1

3.5% 5.6% 3.8% 6.1%

• 10.0%
• 8.0%
• 6.0%
• 4.0%
• 2.0%

0.0% 2.0% 4.0% 6.0% 10 20 30 40 50 60 70 80

1H/2018 1H/2019

55.9 35.6

By Quarter By Half year

Capital gain & Mark to market 1H/2019 increased by 13.1 mb +262% YoY due mainly to the growth of SET index increased by 11% YoY

Agenda

Who we are Key financial & highlights Business Outlook Q&A

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Business Outlook

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2018

2019

2017 2016

Underwriting Profit

Active Strategy

Claim management Commission review

Portfolio Management

Control Combined Ratio Control portfolio mixed

New Business

New product New market

• CLMV / Upcountry

New distribution channels

• online/ telemarketing

Agenda

Who we are Key financial & highlights Business Outlook Q&A

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IR contact

Disclaimer

• The information contained in this presentation is intended solely for your personal reference.
• Please do not circulate this material. If you are not an intended recipient, you must not read, disclose, copy, retain, distribute or take

any action in reliance upon it.

• Some statements made in this material are forward-looking with relevant assumptions, which are subject to uncertainties, which may

cause the actual result/performance to be materially deviated from any future result/performance implies by such forward-looking statements.

• Please note that the company and management/staff are note capable to control and guarantee if these forward-looking statements

will be accurately materialized, they are subject to various risks and uncertainties. Address: Thaire Life Assurance PCL 48/15 Soi Rajchadapisek 20, Rajchadapisek Road. Samsennok, Huaykwang, Bangkok 10310 Telephone: K.Sirin +66(0) 2666 9000 ext 5420 Fax: +66(0) 2277 6227 E-mail: corpsecretary@thairelife.co.th Website: http://www.thairelife.co.th/

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Thank You Q&A

For further queries please contact Corporate Secretary : K.Sirin +66 2 666 9000 ext 5420 E-mail : corpsecretary@thairelife.co.th If we aren’t able to answer your question due to limited time at this forum, you are welcome to call us or send E-mail.