Presentation 4Q 25% 3Q 2Q 1Q Company Overview Our Family - - PowerPoint PPT Presentation

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Presentation 4Q 25% 3Q 2Q 1Q Company Overview Our Family - - PowerPoint PPT Presentation

Dec 17, 2022 48 likes •188 views

2017Q2 Results Presentation 4Q 25% 3Q 2Q 1Q Company Overview Our Family Summary Founded in 1978 Reinsurance 120 employees Coverage in all major property and casualty 100% 100% 80% business lines Offer various

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1Q 2Q 3Q 4Q 25%

2017Q2 Results Presentation

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SLIDE 2

Reinsurance

Company Overview

Our Family

Our Strengths

  • Experience of products development both

life & non-life

  • Data center for the industry
  • Fully integrated after sale services
  • Qualified actuarial team
  • Strong shareholders
  • Access to partners around the world

Summary

  • Founded in 1978
  • 120 employees
  • Coverage in all major property and casualty

business lines

  • Offer various services in insurance industry

through our subsidiaries

80%

Actuarial Service E-motor Claims

100% 100%

TPA & Training

Carpool 51%

HWIC ASIA, 34% HSBS, Fund Services, 12% Thai NVDR, 6% Viriyah, 4% GIC, 2% Aberdeen BKI, 2% Others, 31%

Major shareholders

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SLIDE 3

Income Statement (million baht) 2012 2013 2014 2015 2016

Earned premium

4,315 4,176 4,426 4,112 3,349

Underwriting expenses

10,550 8,796 6,409 3,704 2,899

Underwriting profit Include flood

  • 6,358 -4,758 -2,172

266 250

Exclude flood

  • 127

54

206 194

Operating expenses

122 138 189 142 200

Investment income

1,010 3,229 1,399 1,532 786

EBIT

  • 5,344 -1,478
  • 719

1,821 1,042

Operating profit

804 844 614 505 525

Net profit

  • 4,269 -1,116 -1,395

1,497 875

Note: * Exclude consolidation of THREL’s financial statement

Combined Ratio, incl flood (%) Combined Ratio, excl flood (%) Note: The ratio commonly used in measuring insurance efficiency are ‘loss and acquisition ratio’ and ‘combined ratio’. If the ‘combined ratio lower than 100, meaning the Company gains profit from its reinsurance business.

2,917 3,206 3,566 3,330 2,236 1,113 782 860 971 1,398 247.4% 213.9% 147.9% 95.3% 92.4%

2012 2013 2014 2015 2016

102.8% 98.7% 99.1% 95.3% 92.4% 2012 2013 2014 2015 2016

Yearly Financial Performance*

2012 2013 2014 2015 2016

Conventional Non-conventional

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SLIDE 4

Table of Contents

2017Q2 Financial Performance Business Update & Outlook

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Q & A

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SLIDE 5

Financial Performance 2017Q2

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SLIDE 6

2017Q2 Operating Results

Separated

Quarterly income statement Q2/16 Q1/17 Q2/17 QoQ YoY 1H16 1H17 YoY Gross premium written

1,136 1,216 1,048

  • 14%
  • 8%

2,387 2,263

  • 5%

Earned premium

840 805 806 0%

  • 4%

1,626 1,611

  • 1%

Net claims

335 356 349

  • 2%

4% 691 769 11%

Acquisition expenses

179 412 434 5% 142% 591 846 43%

Underwriting profit

326

  • 27

23 186%

  • 93%

343

  • 4
  • 101%

Non-insurance income

177 133 421 216% 138% 517 554 7%

Operating expenses

43 51 58 13% 35% 85 109 28%

Interest expenses EBT

460 55 387 604%

  • 16%

775 442

  • 43%

Income tax expense

75 10 107 949% 44% 129 117

  • 9%

After tax profit

385 45 280 525%

  • 27%

646 325

  • 50%

Financial ratio Q2/16 Q1/17 Q2/17 1H16 1H17 Net loss ratio

39.9% 52.2% 43.3% 42.5% 47.7%

Acquisition expenses ratio

21.3% 51.2% 53.8% 36.4% 52.5%

Loss and acquisition expenses ratio

61.2% 97.7% 97.1% 78.9% 100.2%

Operating expenses ratio

5.1% 6.3% 7.1% 5.2% 6.7%

Combined ratio

66.3% 109.7% 104.3% 84.1% 107.0%

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SLIDE 7

2017Q2 Operating Results

NPW by businesses

N/C

1H17: 53% 1H16: 65%

Accident

1H17: 32% 1H16: 40%

Health

1H17: 19% 1H16: 24%

Others

1H17: 8% 1H16: 7%

Motor

1H17: 29% 1H16: 18%

Marine Cargo

1H17: 2% 1H16: 2%

Property

1H17: 10% 1H16: 9%

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SLIDE 8

Net investment income Profit of the company Underwriting profit Net earned premium

2017Q2 Operating Results

Consolidated

Quarterly income statement Q2/16 Q1/17 Q2/17 QoQ YoY 1H16 1H17 YoY Gross premium written

1,136 1,216 1,048

  • 14%
  • 8%

2,387 2,263

  • 5%

Earned premium

840 805 806 0%

  • 4%

1,626 1,611

  • 1%

Net claims

335 420 349

  • 17%

4% 691 769 11%

Acquisition expenses

179 412 434 5% 142% 591 846 43%

Underwriting profit

326

  • 27

23 187%

  • 93%

343

  • 4
  • 101%

Non-insurance income

  • 160

143 62

  • 57%

138%

  • 180

204 213%

Operating expenses

41 47 54 14% 33% 81 102 26%

Interest expenses

0.4 0.2 0.2

  • 9%
  • 40%

0.9 0.5

  • 45%

EBT

124 68 31

  • 55%
  • 75%

82 98 21%

Income tax expense

38 13 39 202% 3% 24 52 114%

After tax profit

86 55

  • 9
  • 116%
  • 110%

57 46

  • 19%

Non-controlling interests

10 5 6 33%

  • 36%

16 11

  • 31%

Profit of the company

76 50

  • 15
  • 130%
  • 120%

41 35

  • 15%

Financial ratio Q2/16 Q1/17 Q2/17 1H16 1H17 Net loss ratio

39.9% 52.2% 43.3% 42.5% 47.7%

Acquisition expenses ratio

21.3% 51.2% 53.8% 36.4% 52.5%

Loss and acquisition expenses ratio

61.2% 103.4% 97.1% 78.9% 100.2%

Operating expenses ratio

4.9% 5.9% 6.7% 5.0% 6.3%

Combined ratio

66.1% 109.3% 103.8% 83.9% 106.5%

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SLIDE 9

Total investment income ฿134m Net service income ฿9m

(+125%QoQ, -47%YoY)

2017Q2 Operating Results

Investment performance

ROI 1H16 1H17 Consolidated

  • 4.5%

4.2% Separated 11.7% 13.5% Excluded THREL 3.0% 6.5%

32% Common Stocks 30% Unit Trusts

Bond & T-bills 24% Bank deposits 13%

1% Debentures & Loans

7,151m

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SLIDE 10

Business Update & Outlook

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SLIDE 11

Business Expansion

Study Potential Market Identify Entry Strategy Identify Partner & Channel Finalized Product & Market Launch Product Monitor

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Moving Forward (2017-2019)

Streamlining of current products to fit into changing market conditions and respond to consumer demand A focus on personal lines and commercial lines that have an acceptable limit on catastrophe risk exposure

Penetration into

  • ffshore markets,

especially in Southeast Asia, by leveraging on products created from

  • ur experience and

expertise Development of modern distribution channels & application

  • f InsurTech and FinTech

innovation to enhance

  • perational efficiency

and competitive advantage

Sustainable Growth

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SLIDE 13

Investment involves risk. Presentation should understand the characteristics of Securities and study information about Thai Reinsurance Public Company Limited (“THRE” or the “Company”) before making a decision to invest in Securities. This presentation is not intended to provide the basis for any investment decision, nor to substitute your own analysis and investigation, and should considered as a recommendation to any recipient of this

  • Presentation. Some statements made this

presentation are forward-looking statements, which are subject to various risks and uncertainties. These statements with respect to the Company’s corporate plans, strategies and beliefs and other statement that are not historical facts. The statements are based on the assumptions and beliefs of the Company’s management in light of the information currently available to the Company. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking

  • statements. Nothing in this Presentation is, or

should be, relied on as promise or representation of the Company as to the future.

Disclaimer

These statements with respect to the Company’s corporate plans, strategies and beliefs and other statement that are not historical facts. These statement can be identified by the use of forward- looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “continue”, “plan” or other similar words.

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SLIDE 14

Q&A

IR services

http://investor.thaire.co.th/home.html ir@thaire.co.th (66)2 660 6111 #1429

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