Thai Life Insurance PCL (BKK:TLI)

Thai Life Insurance PCL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	87,565	86,661	89,712	87,636	90,104	91,237
Total Interest & Dividend Income	24,093	23,958	20,360	20,282	19,341	15,816
Gain (Loss) on Sale of Investments	-493.53	-493.53	-566.25	360.86	-1,058	-263.07
Other Revenue	-4,119	-1,109	-1,314	-764.85	-198.79	588.79
Total Revenue	107,046	109,016	108,192	107,513	108,188	107,379
Revenue Growth (YoY)	-3.46%	0.76%	0.63%	-0.62%	0.75%	-1.09%
Policy Benefits	79,571	78,588	79,656	79,905	81,683	90,808
Policy Acquisition & Underwriting Costs	7,789	7,789	8,725	8,672	8,678	-
Selling, General & Administrative	5,700	5,700	5,594	5,444	5,051	5,029
Other Operating Expenses	2,395	2,356	2,211	2,070	1,975	1,957
Total Operating Expenses	95,431	94,434	96,186	96,091	97,387	97,794
Operating Income	11,615	14,582	12,007	11,422	10,802	9,585
Interest Expense	-103.45	-	-	-	-	-
Earnings From Equity Investments	-10.23	-	-	-	-	-
EBT Excluding Unusual Items	11,503	14,582	12,007	11,422	10,802	9,585
Pretax Income	11,503	14,582	12,007	11,422	10,802	9,585
Income Tax Expense	2,209	2,900	2,300	2,157	2,408	1,893
Net Income	9,294	11,682	9,707	9,265	8,394	7,692
Net Income to Common	9,294	11,682	9,707	9,265	8,394	7,692
Net Income Growth	-4.28%	20.35%	4.77%	10.38%	9.12%	13.50%
Shares Outstanding (Basic)	11,485	11,450	11,450	10,982	10,600	10,600
Shares Outstanding (Diluted)	11,485	11,450	11,450	10,982	10,600	10,600
Shares Change (YoY)	0.28%	-	4.26%	3.60%	-	-
EPS (Basic)	0.81	1.02	0.85	0.84	0.79	0.73
EPS (Diluted)	0.81	1.02	0.85	0.84	0.79	0.73
EPS Growth	-4.55%	20.35%	0.48%	6.54%	9.12%	13.50%
Free Cash Flow	6,961	9,194	3,610	-10,513	-445.45	3,642
Free Cash Flow Per Share	0.61	0.80	0.32	-0.96	-0.04	0.34
Dividend Per Share	-	0.500	0.340	0.300	0.250	0.213
Dividend Growth	-	47.06%	13.33%	20.00%	17.37%	60.15%
Operating Margin	10.85%	13.38%	11.10%	10.62%	9.98%	8.93%
Profit Margin	8.68%	10.72%	8.97%	8.62%	7.76%	7.16%
Free Cash Flow Margin	6.50%	8.43%	3.34%	-9.78%	-0.41%	3.39%
EBITDA	11,888	14,855	12,276	11,719	11,145	9,989
EBITDA Margin	11.11%	13.63%	11.35%	10.90%	10.30%	9.30%
D&A For EBITDA	273.25	272.4	268.99	296.54	343.02	403.81
EBIT	11,615	14,582	12,007	11,422	10,802	9,585
EBIT Margin	10.85%	13.38%	11.10%	10.62%	9.98%	8.93%
Effective Tax Rate	19.20%	19.89%	19.16%	18.88%	22.29%	19.75%
Revenue as Reported	109,510	109,510	108,759	107,153	109,246	107,642

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