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Financial Highlights

For the fiscal year ended 31 December

  Financial Statements in which the equity method is applied
  Unit 2019 2018 2017
Financial Position
        
   Total assets million Baht          5,703.30         5,228.00          5,164.95
   Total liabilities million Baht          3,636.81          3,120.82          2,992.53
   Company shareholders' equity million Baht          2,066.49          2,107.18         2,172.42
   Investment in securities million Baht          3,044.19           2,820.82          2,960.75
   Dividend per share Baht                1.28                1.79                1.80
   Paid-up capital Share       35,000,000       34,000,000       33,000,000
   Authorized capital Share       35,000,000       34,000,000       33,000,000
Operating Performance
        
   Gross written premium million Baht          3,023.91          2,892.62          2,635.82
   Net written premium million Baht          2,278.50          2,192.43          2,010.22
   Earned premium million Baht          2,209.45          2,094.44          2,086.21
   Fee and commission income million Baht             182.36             197.96             179.93
   Net loss incurred million Baht          1,434.81          1,218.97          1,350.34
   Underwriting expenses include operating expenses million Baht          2,542.89          2,286.59          2,296.14
   Underwriting profit (loss) after operating expenses have been deducted million Baht (151.09) 5.81               (30.00)
   Investment and other Income (loss)  million Baht             180.69             98.87             159.53
   Profit before income tax expenses million Baht               29.60             104.68            129.53
   Income tax expenses million Baht                (0.04)              18.17               18.88
   Net profit million Baht              29.64          86.51             110.65
Liquidity Ratio        
   Liquidity ratio Times 1.35 1.37 1.39
   Collection period for premium due and uncollected Days 54 53 54
Profitability Ratio        
   Retention rate % 75.35 75.79 76.27
   Loss ratio % 64.94 58.20 64.73
   Underwriting profit margin % 9.54 18.01 14.01
   Underwriting expenses ratio % 51.45 50.97 45.34
   Return on investment % 5.65 3.28 5.14
   Net written premium to shareholders' fund Times                1.09 1.02 0.93
   Net profit margin % 1.15 3.62 4.56
   Return on equity % 1.42 4.04 5.12
   Earning per share* Baht                0.85                2.47                3.16
Efficiency Ratio        
   Return on assets % 0.54 1.66 2.06
   Assets turnovers Times                0.47                0.46                0.45
Financial Position Ratio        
   Debt to equity ratio Times                1.76                1.48                1.38
   Policy Liability to Capital Fund Times                1.25                1.04                0.99
   Unearned premium reserve to equity Times                0.79                0.74                0.66
   Unearned reserve to total assets % 28.80 29.67 27.70
   Dividend payout ratio % 151.79 70.51 53.68

* The Company adjusted number of shares used to calculate earnings per share as if the stock dividend has been issued 
  since the first day of the year of the offer.