Thai Life Insurance PCL Balance Sheet

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
Investments in Debt Securities	552,125	33,162	32,980	25,694	20,887
Investments in Equity & Preferred Securities	72,922	35,464	30,325	33,455	35,631
Policy Loans	-	30,697	30,025	29,374	29,908
Other Investments	-	469,828	454,393	442,536	424,640
Total Investments	625,070	569,198	547,778	531,114	511,406
Cash & Equivalents	7,867	10,917	7,696	7,686	7,326
Reinsurance Recoverable	1.89	1,041	494.84	312.34	133.24
Other Receivables	5,639	9,620	9,853	9,446	8,464
Property, Plant & Equipment	2,406	2,415	2,519	2,501	2,534
Other Intangible Assets	822.98	803.74	923.26	1,165	1,292
Other Current Assets	7,214	6,523	2,810	3,174	900.35
Long-Term Deferred Tax Assets	-	-	31.9	-	-
Other Long-Term Assets	546.89	626.83	686.69	643.24	1,650
Total Assets	649,568	601,146	572,793	556,042	533,706
Accounts Payable	-	365.29	370.02	281.33	153.08
Accrued Expenses	-	2,082	2,017	1,959	2,136
Insurance & Annuity Liabilities	472,338	467,511	451,330	439,628	426,216
Unpaid Claims	-	987.39	1,107	958.8	963.82
Unearned Premiums	-	6,271	5,693	5,598	5,469
Reinsurance Payable	673.96	966.48	457.05	351.52	183.36
Current Income Taxes Payable	1,531	1,517	1,016	720.88	1,451
Long-Term Deferred Tax Liabilities	9,532	313.85	-	24.53	2,027
Other Current Liabilities	551.4	1,675	1,924	4,200	5,062
Other Long-Term Liabilities	8,700	5,270	2,667	2,635	2,020
Total Liabilities	495,054	488,607	468,214	457,974	447,275
Common Stock	11,450	11,450	11,450	11,450	10,600
Additional Paid-In Capital	19,782	19,782	19,782	19,782	7,293
Retained Earnings	85,093	76,756	70,780	64,545	57,907
Comprehensive Income & Other	38,189	4,551	2,567	2,292	10,632
Shareholders' Equity	154,514	112,538	104,579	98,068	86,431
Total Liabilities & Equity	649,568	601,146	572,793	556,042	533,706
Filing Date Shares Outstanding	11,450	11,450	11,450	11,450	10,600
Total Common Shares Outstanding	11,450	11,450	11,450	11,450	10,600
Net Cash (Debt)	7,867	10,917	7,696	7,686	7,326
Net Cash Growth	-27.94%	41.85%	0.13%	4.91%	-30.21%
Net Cash Per Share	0.69	0.95	0.67	0.70	0.69
Book Value Per Share	13.49	9.83	9.13	8.56	8.15
Tangible Book Value	153,691	111,735	103,656	96,903	85,139
Tangible Book Value Per Share	13.42	9.76	9.05	8.46	8.03
Land	-	1,034	1,034	1,034	1,034
Buildings	-	3,430	3,430	3,430	3,421
Machinery	-	4,647	4,531	4,446	4,329
Construction In Progress	-	60.91	184.11	101.24	47.08

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