Thai Reinsurance PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	2,554	2,759	3,213	2,113	2,273	1,667
Investments in Equity & Preferred Securities	1,099	733.07	736.6	804.8	1,025	1,497
Other Investments	-	-	-	-	-	439.97
Total Investments	4,197	4,057	4,026	3,004	3,447	3,751
Cash & Equivalents	387.34	362.59	324.26	289.29	285.64	209.85
Reinsurance Recoverable	1,106	1,970	1,759	1,751	1,775	1,536
Other Receivables	186.95	58.42	48.63	57.53	53.65	40.63
Property, Plant & Equipment	274.21	292.09	232.52	220.52	235.17	239.76
Other Intangible Assets	218.05	207.1	177.21	142.24	129.38	117.06
Other Current Assets	1.52	-	108.27	-	-	-
Long-Term Deferred Tax Assets	265.44	274.02	300.31	351.68	320	245.8
Long-Term Deferred Charges	-	634.9	589.37	490.03	491.47	499.92
Other Long-Term Assets	190.67	290.58	247.07	393.94	375.56	367.33
Total Assets	6,828	8,147	7,813	6,700	7,113	7,007
Insurance & Annuity Liabilities	2,303	-	-	0.9	2.16	7.11
Unpaid Claims	-	1,349	1,323	1,303	1,516	1,250
Unearned Premiums	-	1,994	1,877	1,500	1,655	1,434
Reinsurance Payable	27.93	493.5	500.38	563.2	455.5	406.9
Current Portion of Leases	-	6.48	3.05	2.15	2.97	3.12
Current Income Taxes Payable	1.64	4.89	5.49	2.47	3.67	5.04
Long-Term Leases	15.8	11.05	7.37	1.55	3.53	2.77
Other Current Liabilities	0.41	0.06	0.55	1.16	0.02	0.09
Other Long-Term Liabilities	313.23	206.37	201.28	106.25	125.97	115.16
Total Liabilities	2,762	4,178	4,012	3,586	3,868	3,325
Common Stock	3,709	3,709	3,709	3,709	3,709	3,709
Retained Earnings	204.22	81.4	-137.15	-341.95	-135.76	462.11
Comprehensive Income & Other	-113.95	-84.76	-29.32	-253.67	-328.47	-489.86
Total Common Equity	3,799	3,706	3,543	3,114	3,245	3,681
Minority Interest	265.82	262.65	258.63	-	-	-
Shareholders' Equity	4,065	3,968	3,801	3,114	3,245	3,681
Total Liabilities & Equity	6,828	8,147	7,813	6,700	7,113	7,007
Filing Date Shares Outstanding	4,215	4,215	4,215	4,215	4,215	4,215
Total Common Shares Outstanding	4,215	4,215	4,215	4,215	4,215	4,215
Total Debt	15.8	17.54	10.42	3.7	6.5	5.89
Net Cash (Debt)	371.54	345.06	313.83	285.59	279.13	203.95
Net Cash Growth	22.46%	9.95%	9.89%	2.31%	36.86%	12.98%
Net Cash Per Share	0.09	0.08	0.07	0.07	0.06	0.05
Book Value Per Share	0.90	0.88	0.84	0.74	0.77	0.87
Tangible Book Value	3,581	3,499	3,366	2,971	3,116	3,564
Tangible Book Value Per Share	0.85	0.83	0.80	0.70	0.74	0.85
Land	-	40.47	40.47	99.74	99.74	99.74
Buildings	-	202.51	184.52	159.65	156.81	156.69
Machinery	-	186.74	192.57	182.08	175.67	168
Construction In Progress	-	-	-	-	2.12	-
Leasehold Improvements	-	-	-	-	0.9	-

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