Thai Life Insurance PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	493,916	540,685	491,116	32,980	25,694	20,887
Investments in Equity & Preferred Securities	72,335	72,922	35,312	30,325	33,455	35,631
Policy Loans	-	-	-	30,025	29,374	29,908
Other Investments	-	449	449	454,393	442,536	424,640
Total Investments	566,271	625,088	570,581	547,778	531,114	511,406
Cash & Equivalents	14,524	7,867	10,917	7,696	7,686	7,326
Reinsurance Recoverable	1.09	1.89	1.65	494.84	312.34	133.24
Other Receivables	8,156	5,621	5,257	9,853	9,446	8,464
Property, Plant & Equipment	2,347	2,406	2,415	2,519	2,501	2,534
Other Intangible Assets	2,025	822.98	803.74	923.26	1,165	1,292
Other Current Assets	2,695	7,214	6,363	2,810	3,174	900.35
Long-Term Deferred Tax Assets	-	-	-	31.9	-	-
Other Long-Term Assets	612.7	546.89	426.02	686.69	643.24	1,650
Total Assets	596,631	649,568	596,765	572,793	556,042	533,706
Accounts Payable	-	337.14	386.29	370.02	281.33	153.08
Accrued Expenses	-	1,535	478.58	2,017	1,959	2,136
Insurance & Annuity Liabilities	455,895	450,605	435,442	451,330	439,628	426,216
Unpaid Claims	-	21,733	21,902	1,107	958.8	963.82
Unearned Premiums	-	-	-	5,693	5,598	5,469
Reinsurance Payable	589	673.96	663.83	457.05	351.52	183.36
Current Income Taxes Payable	2,403	1,531	1,517	1,016	720.88	1,451
Long-Term Deferred Tax Liabilities	1,763	9,532	3,514	-	24.53	2,027
Other Current Liabilities	1,998	1,346	1,652	1,924	4,200	5,062
Other Long-Term Liabilities	4,913	6,033	4,223	2,667	2,635	2,020
Total Liabilities	469,290	495,054	471,427	468,214	457,974	447,275
Common Stock	11,450	11,450	11,450	11,450	11,450	10,600
Additional Paid-In Capital	19,782	19,782	19,782	19,782	19,782	7,293
Retained Earnings	88,888	85,093	78,810	70,780	64,545	57,907
Comprehensive Income & Other	7,221	38,189	15,296	2,567	2,292	10,632
Shareholders' Equity	127,341	154,514	125,338	104,579	98,068	86,431
Total Liabilities & Equity	596,631	649,568	596,765	572,793	556,042	533,706
Filing Date Shares Outstanding	11,450	11,450	11,450	11,450	11,450	10,600
Total Common Shares Outstanding	11,450	11,450	11,450	11,450	11,450	10,600
Net Cash (Debt)	14,524	7,867	10,917	7,696	7,686	7,326
Net Cash Growth	253.46%	-27.94%	41.85%	0.13%	4.91%	-30.21%
Net Cash Per Share	1.27	0.69	0.95	0.67	0.70	0.69
Book Value Per Share	11.12	13.49	10.95	9.13	8.56	8.15
Tangible Book Value	125,316	153,691	124,534	103,656	96,903	85,139
Tangible Book Value Per Share	10.94	13.42	10.88	9.05	8.46	8.03
Land	-	1,034	1,034	1,034	1,034	1,034
Buildings	-	3,428	3,430	3,430	3,430	3,421
Machinery	-	4,833	4,647	4,531	4,446	4,329
Construction In Progress	-	62.53	60.91	184.11	101.24	47.08

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