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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	11,120	10,029	8,573	7,438	7,559	6,903
Total Interest & Dividend Income	494.9	438.32	421.41	507.1	352.96	368.81
Gain (Loss) on Sale of Investments	-22.63	59.88	-80.13	102.14	19.9	153.56
Other Revenue	2,017	2,030	2,410	2,231	1,961	1,670
Total Revenue	13,609	12,557	11,324	10,278	9,894	9,096
Revenue Growth (YoY)	11.50%	10.89%	10.17%	3.89%	8.77%	0.41%
Policy Benefits	6,426	5,665	4,576	3,972	4,377	4,107
Policy Acquisition & Underwriting Costs	4,660	4,486	4,254	3,912	3,526	3,196
Selling, General & Administrative	1,645	1,563	1,474	1,418	1,235	1,255
Other Operating Expenses	3.06	3.06	2.1	1.55	2.08	2.78
Total Operating Expenses	12,723	11,718	10,306	9,304	9,140	8,560
Operating Income	886.29	839.63	1,018	974.52	753.46	535.62
Interest Expense	-2.92	-2.85	-2.52	-2.63	-2.31	-
Other Non Operating Income (Expenses)	0.04	0.04	0.11	-0.15	-0.01	-
Pretax Income	883.41	836.82	1,015	971.74	751.14	535.62
Income Tax Expense	174.91	181.36	205.01	204.3	160.24	109.79
Net Income	708.5	655.46	810.22	767.45	590.9	425.84
Net Income to Common	708.5	655.46	810.22	767.45	590.9	425.84
Net Income Growth	7.98%	-19.10%	5.57%	29.88%	38.76%	2.47%
Shares Outstanding (Basic)	59	59	59	59	59	59
Shares Outstanding (Diluted)	59	59	59	59	59	59
Shares Change (YoY)	-	-	0.02%	-0.02%	-	-
EPS (Basic)	12.01	11.11	13.73	13.01	10.02	7.22
EPS (Diluted)	12.01	11.11	13.73	13.01	10.02	7.22
EPS Growth	7.98%	-19.10%	5.55%	29.90%	38.76%	2.47%
Free Cash Flow	527.17	751.76	480.81	426.99	177.29	336.59
Free Cash Flow Per Share	8.94	12.74	8.15	7.24	3.00	5.70
Dividend Per Share	5.000	5.000	6.180	5.200	4.510	2.900
Dividend Growth	-19.09%	-19.09%	18.85%	15.30%	55.52%	2.84%
Operating Margin	6.51%	6.69%	8.99%	9.48%	7.62%	5.89%
Profit Margin	5.21%	5.22%	7.15%	7.47%	5.97%	4.68%
Free Cash Flow Margin	3.87%	5.99%	4.25%	4.15%	1.79%	3.70%
EBITDA	987.13	918.81	1,085	1,039	823.88	606.47
EBITDA Margin	7.25%	7.32%	9.58%	10.10%	8.33%	6.67%
D&A For EBITDA	100.83	79.18	67.65	64.11	70.42	70.85
EBIT	886.29	839.63	1,018	974.52	753.46	535.62
EBIT Margin	6.51%	6.69%	8.99%	9.48%	7.62%	5.89%
Effective Tax Rate	19.80%	21.67%	20.19%	21.02%	21.33%	20.50%
Revenue as Reported	13,650	12,598	11,324	10,279	9,896	9,096

Source: S&P Capital IQ. Insurance template. Financial Sources.