Thaire Life Assurance PCL Income Statement

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
Premiums & Annuity Revenue	4,422	4,451	3,301	2,908	2,725	2,291
Total Interest & Dividend Income	54.48	71.83	73.31	68.6	67.79	64.64
Gain (Loss) on Sale of Investments	-	-	-	4.22	-3.04	-31.23
Other Revenue	8.43	3.26	5.2	6.74	5.3	6.42
Total Revenue	4,485	4,526	3,380	2,987	2,795	2,331
Revenue Growth (YoY)	50.50%	33.91%	13.13%	6.88%	19.91%	-2.42%
Policy Benefits	3,323	3,565	2,380	2,007	1,907	1,488
Policy Acquisition & Underwriting Costs	897.47	897.47	756.81	644.53	629.57	570.48
Selling, General & Administrative	130.61	130.61	116.66	108.25	92.64	92.96
Provision for Bad Debts	0.49	0.14	0.05	-0.06	0.22	0.47
Other Operating Expenses	42.44	41.71	54.61	46.2	52.77	36.51
Total Operating Expenses	4,394	4,635	3,308	2,806	2,682	2,188
Operating Income	90.44	-109.34	71.5	181.57	113.08	142.7
Interest Expense	-0.46	-0.49	-0.11	-0.03	-0.07	-0.12
Pretax Income	89.98	-109.82	71.39	181.55	113.01	142.59
Income Tax Expense	16.3	-25.19	9.27	28.44	14.52	21.15
Net Income	73.68	-84.63	62.11	153.1	98.5	121.43
Net Income to Common	73.68	-84.63	62.11	153.1	98.5	121.43
Net Income Growth	-	-	-59.43%	55.44%	-18.89%	-37.49%
Shares Outstanding (Basic)	620	620	620	620	620	620
Shares Outstanding (Diluted)	620	620	620	620	620	620
EPS (Basic)	0.12	-0.14	0.10	0.25	0.16	0.20
EPS (Diluted)	0.12	-0.14	0.10	0.25	0.16	0.20
EPS Growth	-	-	-59.43%	55.44%	-18.89%	-37.49%
Free Cash Flow	72.69	42.79	-23.06	47.78	212.61	87.27
Free Cash Flow Per Share	0.12	0.07	-0.04	0.08	0.34	0.14
Dividend Per Share	-	-	0.069	0.145	0.116	0.136
Dividend Growth	-	-	-52.55%	25.06%	-14.32%	-46.15%
Operating Margin	2.02%	-2.42%	2.11%	6.08%	4.05%	6.12%
Profit Margin	1.64%	-1.87%	1.84%	5.13%	3.52%	5.21%
Free Cash Flow Margin	1.62%	0.95%	-0.68%	1.60%	7.61%	3.74%
EBITDA	91.01	-106.29	78.11	188.93	119.49	147.46
EBITDA Margin	2.03%	-2.35%	2.31%	6.32%	4.28%	6.33%
D&A For EBITDA	0.57	3.05	6.61	7.35	6.41	4.76
EBIT	90.44	-109.34	71.5	181.57	113.08	142.7
EBIT Margin	2.02%	-2.42%	2.11%	6.08%	4.05%	6.12%
Effective Tax Rate	18.12%	-	12.99%	15.67%	12.84%	14.84%
Revenue as Reported	4,526	4,526	3,380	2,987	2,795	2,331

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