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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	10,840	10,029	8,573	7,438	7,559	6,903
Total Interest & Dividend Income	477.49	438.32	421.41	507.1	352.96	368.81
Gain (Loss) on Sale of Investments	-5.22	59.88	-80.13	102.14	19.9	153.56
Other Revenue	2,060	2,030	2,410	2,231	1,961	1,670
Total Revenue	13,373	12,557	11,324	10,278	9,894	9,096
Revenue Growth (YoY)	12.30%	10.89%	10.17%	3.89%	8.77%	0.41%
Policy Benefits	6,198	5,665	4,576	3,972	4,377	4,107
Policy Acquisition & Underwriting Costs	4,712	4,486	4,254	3,912	3,526	3,196
Selling, General & Administrative	1,612	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	12,513	11,718	10,306	9,304	9,140	8,560
Operating Income	859.52	839.63	1,018	974.52	753.46	535.62
Interest Expense	-3.08	-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	856.48	836.82	1,015	971.74	751.14	535.62
Income Tax Expense	174.11	181.36	205.01	204.3	160.24	109.79
Net Income	682.37	655.46	810.22	767.45	590.9	425.84
Net Income to Common	682.37	655.46	810.22	767.45	590.9	425.84
Net Income Growth	1.07%	-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)	11.57	11.11	13.73	13.01	10.02	7.22
EPS (Diluted)	11.57	11.11	13.73	13.01	10.02	7.22
EPS Growth	1.07%	-19.10%	5.55%	29.90%	38.76%	2.47%
Free Cash Flow	591.36	751.76	480.81	426.99	177.29	336.59
Free Cash Flow Per Share	10.02	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	6.43%	6.69%	8.99%	9.48%	7.62%	5.89%
Profit Margin	5.10%	5.22%	7.15%	7.47%	5.97%	4.68%
Free Cash Flow Margin	4.42%	5.99%	4.25%	4.15%	1.79%	3.70%
EBITDA	952.86	918.81	1,085	1,039	823.88	606.47
EBITDA Margin	7.13%	7.32%	9.58%	10.10%	8.33%	6.67%
D&A For EBITDA	93.34	79.18	67.65	64.11	70.42	70.85
EBIT	859.52	839.63	1,018	974.52	753.46	535.62
EBIT Margin	6.43%	6.69%	8.99%	9.48%	7.62%	5.89%
Effective Tax Rate	20.33%	21.67%	20.19%	21.02%	21.33%	20.50%
Revenue as Reported	13,414	12,598	11,324	10,279	9,896	9,096

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