Thaire Life Assurance PCL Income Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Premiums & Annuity Revenue	2,539	2,676	3,301	2,908	2,725
Total Interest & Dividend Income	-5.47	13.24	73.31	68.6	67.79
Gain (Loss) on Sale of Investments	-	-	-	4.22	-3.04
Other Revenue	6.45	1.31	5.2	6.74	5.3
Total Revenue	2,540	2,691	3,380	2,987	2,795
Revenue Growth (YoY)	-5.60%	-20.39%	13.13%	6.88%	19.91%
Policy Benefits	2,534	3,316	2,380	2,007	1,907
Policy Acquisition & Underwriting Costs	-	-	756.81	644.53	629.57
Selling, General & Administrative	-	-	116.66	108.25	92.64
Provision for Bad Debts	0.37	0.14	0.05	-0.06	0.22
Other Operating Expenses	102.25	101.72	54.61	46.2	52.77
Total Operating Expenses	2,637	3,417	3,308	2,806	2,682
Operating Income	-97.11	-726.8	71.5	181.57	113.08
Interest Expense	-0.42	-0.49	-0.11	-0.03	-0.07
Pretax Income	-97.52	-727.29	71.39	181.55	113.01
Income Tax Expense	-20.95	-148.68	9.27	28.44	14.52
Net Income	-76.57	-578.6	62.11	153.1	98.5
Net Income to Common	-76.57	-578.6	62.11	153.1	98.5
Net Income Growth	-	-	-59.43%	55.44%	-18.89%
Shares Outstanding (Basic)	620	620	620	620	620
Shares Outstanding (Diluted)	620	620	620	620	620
EPS (Basic)	-0.12	-0.93	0.10	0.25	0.16
EPS (Diluted)	-0.12	-0.93	0.10	0.25	0.16
EPS Growth	-	-	-59.43%	55.44%	-18.89%
Free Cash Flow	1.23	42.79	-23.06	47.78	212.61
Free Cash Flow Per Share	0.00	0.07	-0.04	0.08	0.34
Dividend Per Share	-	-	0.069	0.145	0.116
Dividend Growth	-	-	-52.55%	25.06%	-14.32%
Operating Margin	-3.82%	-27.01%	2.11%	6.08%	4.05%
Profit Margin	-3.02%	-21.50%	1.84%	5.13%	3.52%
Free Cash Flow Margin	0.05%	1.59%	-0.68%	1.60%	7.61%
EBITDA	-94.4	-723.75	78.11	188.93	119.49
EBITDA Margin	-3.72%	-26.90%	2.31%	6.32%	4.28%
D&A For EBITDA	2.71	3.05	6.61	7.35	6.41
EBIT	-97.11	-726.8	71.5	181.57	113.08
EBIT Margin	-3.82%	-27.01%	2.11%	6.08%	4.05%
Effective Tax Rate	-	-	12.99%	15.67%	12.84%
Revenue as Reported	-	-	3,380	2,987	2,795

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