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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	86,051	89,712	87,636	90,104	91,237	91,750
Total Interest & Dividend Income	20,839	20,360	20,282	19,341	15,816	15,989
Gain (Loss) on Sale of Investments	-11.37	-566.25	360.86	-1,058	-263.07	177.78
Other Revenue	-1,172	-1,314	-764.85	-198.79	588.79	649.07
Total Revenue	105,707	108,192	107,513	108,188	107,379	108,566
Revenue Growth (YoY)	-1.90%	0.63%	-0.62%	0.75%	-1.09%	7.65%
Policy Benefits	76,840	79,656	79,905	81,683	90,808	79,517
Policy Acquisition & Underwriting Costs	7,982	8,725	8,672	8,678	-	12,236
Selling, General & Administrative	5,664	5,594	5,444	5,051	5,029	5,807
Other Operating Expenses	2,258	2,211	2,070	1,975	1,957	2,462
Total Operating Expenses	92,744	96,186	96,091	97,387	97,794	100,022
Operating Income	12,963	12,007	11,422	10,802	9,585	8,545
EBT Excluding Unusual Items	12,963	12,007	11,422	10,802	9,585	8,545
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.06
Pretax Income	12,963	12,007	11,422	10,802	9,585	8,545
Income Tax Expense	2,585	2,300	2,157	2,408	1,893	1,767
Net Income	10,377	9,707	9,265	8,394	7,692	6,777
Net Income to Common	10,377	9,707	9,265	8,394	7,692	6,777
Net Income Growth	15.64%	4.77%	10.38%	9.12%	13.50%	1.02%
Shares Outstanding (Basic)	11,450	11,450	10,982	10,600	10,600	10,600
Shares Outstanding (Diluted)	11,450	11,450	10,982	10,600	10,600	10,600
Shares Change (YoY)	-0.03%	4.26%	3.60%	-	-	-
EPS (Basic)	0.91	0.85	0.84	0.79	0.73	0.64
EPS (Diluted)	0.91	0.85	0.84	0.79	0.73	0.64
EPS Growth	15.67%	0.48%	6.54%	9.12%	13.50%	1.02%
Free Cash Flow	8,522	3,610	-10,513	-445.45	3,642	2,080
Free Cash Flow Per Share	0.74	0.32	-0.96	-0.04	0.34	0.20
Dividend Per Share	0.340	0.340	0.300	0.250	0.213	0.133
Dividend Growth	13.33%	13.33%	20.00%	17.37%	60.15%	0%
Operating Margin	12.26%	11.10%	10.62%	9.98%	8.93%	7.87%
Profit Margin	9.82%	8.97%	8.62%	7.76%	7.16%	6.24%
Free Cash Flow Margin	8.06%	3.34%	-9.78%	-0.41%	3.39%	1.92%
EBITDA	13,211	12,276	11,719	11,145	9,989	8,951
EBITDA Margin	12.50%	11.35%	10.90%	10.30%	9.30%	8.24%
D&A For EBITDA	248.32	268.99	296.54	343.02	403.81	406.08
EBIT	12,963	12,007	11,422	10,802	9,585	8,545
EBIT Margin	12.26%	11.10%	10.62%	9.98%	8.93%	7.87%
Effective Tax Rate	19.94%	19.16%	18.89%	22.29%	19.75%	20.68%
Revenue as Reported	105,718	108,759	107,153	109,246	107,642	108,389

Source: S&P Capital IQ. Insurance template. Financial Sources.