Muang Thai Insurance PCL (BKK:MTI)

Muang Thai Insurance PCL Income Statement

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	11,853	11,219	10,029	8,573	7,438	7,559
Total Interest & Dividend Income	550.16	510.47	438.32	421.41	507.1	352.96
Gain (Loss) on Sale of Investments	24.41	8.61	59.88	-80.13	102.14	19.9
Other Revenue	2,057	2,057	2,030	2,410	2,231	1,961
Total Revenue	14,485	13,795	12,557	11,324	10,278	9,894
Revenue Growth (YoY)	-17.62%	9.86%	10.89%	10.17%	3.89%	8.77%
Policy Benefits	7,725	6,548	5,665	4,576	3,972	4,377
Policy Acquisition & Underwriting Costs	4,640	4,640	4,486	4,254	3,912	3,526
Selling, General & Administrative	1,655	1,655	1,563	1,474	1,418	1,235
Other Operating Expenses	4.04	2.23	3.06	2.1	1.55	2.08
Total Operating Expenses	14,024	12,845	11,718	10,306	9,304	9,140
Operating Income	460.63	949.85	839.63	1,018	974.52	753.46
Interest Expense	-2.45	-2.8	-2.85	-2.52	-2.63	-2.31
Other Non Operating Income (Expenses)	-41.79	0.02	0.04	0.11	-0.15	-0.01
Pretax Income	412.87	947.07	836.82	1,015	971.74	751.14
Income Tax Expense	76.34	192.71	181.36	205.01	204.3	160.24
Net Income	336.53	754.36	655.46	810.22	767.45	590.9
Net Income to Common	336.53	754.36	655.46	810.22	767.45	590.9
Net Income Growth	-76.28%	15.09%	-19.10%	5.57%	29.88%	38.76%
Shares Outstanding (Basic)	590	590	590	590	590	590
Shares Outstanding (Diluted)	590	590	590	590	590	590
Shares Change (YoY)	-	-	-	0.02%	-0.02%	-
EPS (Basic)	0.57	1.28	1.11	1.37	1.30	1.00
EPS (Diluted)	0.57	1.28	1.11	1.37	1.30	1.00
EPS Growth	-76.28%	15.09%	-19.10%	5.55%	29.90%	38.76%
Free Cash Flow	461.8	308.41	751.76	480.81	426.99	177.29
Free Cash Flow Per Share	0.78	0.52	1.27	0.81	0.72	0.30
Dividend Per Share	0.800	0.800	0.500	0.618	0.520	0.451
Dividend Growth	60.00%	60.00%	-19.09%	18.85%	15.30%	55.52%
Operating Margin	3.18%	6.88%	6.69%	8.99%	9.48%	7.62%
Profit Margin	2.32%	5.47%	5.22%	7.16%	7.47%	5.97%
Free Cash Flow Margin	3.19%	2.24%	5.99%	4.25%	4.15%	1.79%
EBITDA	573.92	1,049	918.81	1,085	1,039	823.88
EBITDA Margin	3.96%	7.60%	7.32%	9.58%	10.11%	8.33%
D&A For EBITDA	113.28	98.77	79.18	67.65	64.11	70.42
EBIT	460.63	949.85	839.63	1,018	974.52	753.46
EBIT Margin	3.18%	6.88%	6.69%	8.99%	9.48%	7.62%
Effective Tax Rate	18.49%	20.35%	21.67%	20.19%	21.02%	21.33%
Revenue as Reported	13,834	13,834	12,598	11,324	10,279	9,896

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.