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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Premiums & Annuity Revenue	19,542	19,380	18,601	10,029	8,573	7,438
Total Interest & Dividend Income	544.85	528.45	506.8	438.32	421.41	507.1
Gain (Loss) on Sale of Investments	85.24	63.51	8.61	59.88	-80.13	102.14
Other Revenue	-29.52	-	-	2,030	2,410	2,231
Total Revenue	20,142	19,972	19,117	12,557	11,324	10,278
Revenue Growth (YoY)	4.13%	4.47%	52.24%	10.89%	10.17%	3.89%
Policy Benefits	18,273	18,197	16,683	5,665	4,576	3,972
Policy Acquisition & Underwriting Costs	-	-	-	4,486	4,254	3,912
Selling, General & Administrative	-	-	-	1,563	1,474	1,418
Other Operating Expenses	612.48	610.13	614.93	3.06	2.1	1.55
Total Operating Expenses	18,886	18,807	17,298	11,718	10,306	9,304
Operating Income	1,257	1,164	1,819	839.63	1,018	974.52
Interest Expense	-2.36	-2.36	-2.8	-2.85	-2.52	-2.63
Earnings From Equity Investments	7.36	6.06	4.48	-	-	-
Other Non Operating Income (Expenses)	15.48	11.88	60.46	0.04	0.11	-0.15
Pretax Income	1,277	1,180	1,881	836.82	1,015	971.74
Income Tax Expense	236.69	222.44	379.8	181.36	205.01	204.3
Net Income	1,040	957.61	1,501	655.46	810.22	767.45
Net Income to Common	1,040	957.61	1,501	655.46	810.22	767.45
Net Income Growth	-17.77%	-36.22%	129.05%	-19.10%	5.57%	29.88%
Shares Outstanding (Basic)	591	590	590	590	590	590
Shares Outstanding (Diluted)	591	590	590	590	590	590
Shares Change (YoY)	0.47%	-	-	-	0.02%	-0.02%
EPS (Basic)	1.76	1.62	2.54	1.11	1.37	1.30
EPS (Diluted)	1.76	1.62	2.54	1.11	1.37	1.30
EPS Growth	-18.16%	-36.22%	129.05%	-19.10%	5.55%	29.90%
Free Cash Flow	593.66	364.73	308.41	751.76	480.81	426.99
Free Cash Flow Per Share	1.00	0.62	0.52	1.27	0.81	0.72
Dividend Per Share	0.810	0.810	0.800	0.500	0.618	0.520
Dividend Growth	1.25%	1.25%	60.00%	-19.09%	18.85%	15.30%
Operating Margin	6.24%	5.83%	9.52%	6.69%	8.99%	9.48%
Profit Margin	5.17%	4.79%	7.85%	5.22%	7.16%	7.47%
Free Cash Flow Margin	2.95%	1.83%	1.61%	5.99%	4.25%	4.15%
EBITDA	1,376	1,281	1,918	918.81	1,085	1,039
EBITDA Margin	6.83%	6.42%	10.03%	7.32%	9.58%	10.11%
D&A For EBITDA	118.98	116.92	98.77	79.18	67.65	64.11
EBIT	1,257	1,164	1,819	839.63	1,018	974.52
EBIT Margin	6.24%	5.83%	9.52%	6.69%	8.99%	9.48%
Effective Tax Rate	18.54%	18.85%	20.19%	21.67%	20.19%	21.02%
Revenue as Reported	-	-	-	12,598	11,324	10,279

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