Muang Thai Insurance PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	13,476	11,920	12,239	11,062	8,863	8,738
Investments in Equity & Preferred Securities	4,404	4,107	1,791	2,280	2,129	2,194
Other Investments	-	-	2,381	1,946	3,678	2,934
Total Investments	17,880	17,633	16,412	15,288	14,670	13,866
Cash & Equivalents	982.27	598.81	776.97	857.7	540.35	411.4
Reinsurance Recoverable	7,249	8,112	5,215	8,443	9,385	9,138
Other Receivables	76.02	56.54	51.3	2,503	2,697	2,783
Property, Plant & Equipment	828.69	851.26	901.05	926.52	811.05	717
Goodwill	631.9	631.9	631.9	631.9	631.9	631.9
Other Intangible Assets	230.38	229	182.48	140.67	131.73	140.75
Other Current Assets	-	-	-	983.17	918.63	769.9
Long-Term Deferred Tax Assets	1,097	1,154	1,175	1,376	1,160	1,047
Other Long-Term Assets	356.77	306.13	244.57	230.85	626.28	507.21
Total Assets	29,333	29,572	25,590	31,380	31,572	30,011
Accrued Expenses	627.22	732.25	649.79	1,165	1,262	1,295
Insurance & Annuity Liabilities	19,059	6,544	6,685	-	-	-
Unpaid Claims	-	12,938	9,448	7,959	7,954	6,772
Unearned Premiums	-	-	-	11,043	10,659	10,108
Reinsurance Payable	377.44	322.42	343.6	3,779	4,238	4,402
Current Portion of Leases	-	18.89	21.45	31.03	23.23	26.94
Current Income Taxes Payable	69.14	84.22	113.42	114.7	84.46	210.15
Long-Term Leases	102.63	87.93	92.53	107.11	37.17	49.29
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.02
Other Long-Term Liabilities	148.67	160	132.24	775.07	729.28	854.5
Total Liabilities	20,799	21,293	17,871	25,298	25,267	24,006
Common Stock	590	590	590	590	590	590
Additional Paid-In Capital	681.57	681.57	681.57	681.57	681.57	681.57
Retained Earnings	7,520	7,518	7,081	5,395	5,117	4,592
Comprehensive Income & Other	-257.77	-509.99	-633.93	-583.96	-83.47	140.98
Shareholders' Equity	8,534	8,279	7,719	6,083	6,305	6,005
Total Liabilities & Equity	29,333	29,572	25,590	31,380	31,572	30,011
Filing Date Shares Outstanding	584.3	590	590	590	590	590
Total Common Shares Outstanding	584.3	590	590	590	590	590
Total Debt	102.63	106.82	113.97	138.14	60.4	76.23
Net Cash (Debt)	879.65	491.99	663	719.56	479.96	335.17
Net Cash Growth	4.36%	-25.79%	-7.86%	49.92%	43.20%	27.67%
Net Cash Per Share	1.49	0.83	1.12	1.22	0.81	0.57
Book Value Per Share	14.61	14.03	13.08	10.31	10.69	10.18
Tangible Book Value	7,671	7,418	6,904	5,310	5,542	5,232
Tangible Book Value Per Share	13.13	12.57	11.70	9.00	9.39	8.87
Land	-	128.26	128.26	128.26	128.26	96.16
Buildings	-	889.57	877.78	855.98	752.05	701.98
Machinery	-	788.16	721.27	633.39	528.88	464.72
Construction In Progress	-	3.09	4.35	13.74	109.96	91.73

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