Thai Life Insurance 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	35,636	32,220	89,712	87,636	90,104
Total Interest & Dividend Income	2,009	1,792	20,360	20,282	19,341
Gain (Loss) on Sale of Investments	57.42	-992.73	-566.25	360.86	-1,058
Other Revenue	1,181	4,843	-1,314	-764.85	-198.79
Total Revenue	38,883	37,862	108,192	107,513	108,188
Revenue Growth (YoY)	2.70%	-65.00%	0.63%	-0.62%	0.75%
Policy Benefits	18,445	16,739	79,656	79,905	81,683
Policy Acquisition & Underwriting Costs	4,113	2,946	8,725	8,672	8,678
Selling, General & Administrative	350.57	311.82	5,594	5,444	5,051
Other Operating Expenses	1,371	1,288	2,211	2,070	1,975
Total Operating Expenses	24,280	21,286	96,186	96,091	97,387
Operating Income	14,603	16,576	12,007	11,422	10,802
Earnings From Equity Investments	15.61	14.43	-	-	-
Currency Exchange Gain (Loss)	-0.47	0.05	-	-	-
Other Non Operating Income (Expenses)	97.85	100.71	-	-	-
EBT Excluding Unusual Items	14,716	16,692	12,007	11,422	10,802
Pretax Income	14,716	16,692	12,007	11,422	10,802
Income Tax Expense	2,834	3,322	2,300	2,157	2,408
Net Income	11,882	13,369	9,707	9,265	8,394
Net Income to Common	11,882	13,369	9,707	9,265	8,394
Net Income Growth	-11.13%	37.73%	4.77%	10.38%	9.12%
Shares Outstanding (Basic)	11,450	11,450	11,450	10,982	10,600
Shares Outstanding (Diluted)	11,450	11,450	11,450	10,982	10,600
Shares Change (YoY)	-	-	4.26%	3.60%	-
EPS (Basic)	1.04	1.17	0.85	0.84	0.79
EPS (Diluted)	1.04	1.17	0.85	0.84	0.79
EPS Growth	-11.13%	37.73%	0.48%	6.54%	9.12%
Free Cash Flow	2,841	9,031	3,610	-10,513	-445.45
Free Cash Flow Per Share	0.25	0.79	0.32	-0.96	-0.04
Dividend Per Share	0.600	0.500	0.340	0.300	0.250
Dividend Growth	20.00%	47.06%	13.33%	20.00%	17.37%
Operating Margin	37.56%	43.78%	11.10%	10.62%	9.98%
Profit Margin	30.56%	35.31%	8.97%	8.62%	7.76%
Free Cash Flow Margin	7.31%	23.85%	3.34%	-9.78%	-0.41%
EBITDA	14,885	16,849	12,276	11,719	11,145
EBITDA Margin	38.28%	44.50%	11.35%	10.90%	10.30%
D&A For EBITDA	282.39	272.4	268.99	296.54	343.02
EBIT	14,603	16,576	12,007	11,422	10,802
EBIT Margin	37.56%	43.78%	11.10%	10.62%	9.98%
Effective Tax Rate	19.26%	19.90%	19.16%	18.88%	22.29%
Revenue as Reported	-	-	108,759	107,153	109,246

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