KASIKORNBANK Strategic Acquisition
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank's Strategic Acquisition in Muang Thai Group Holding (MTGH)
MTL's insurance business supports KBank's strategic objective of providing a full range of
financial services to satisfy customers' needs and universal banking platform
MTGH
■ Established on 6 April 1951
MTI
MTL
MTB
FVC
AIGEN
MTIB
mtl
MUHS THAI LIFI
เมืองไทย
■First life insurance company to have received
the Royal benevolence in granting the appointment as the life
insurance company of His Majesty King Bhumibol Adulyadej
■ Joined hands with Ageas in 2004 (formerly known as Fortis
Insurance International NV) and joined hands with KBank in 2009
■Credit Rating:
S&P Global: BBB+ (Stable Outlook)
Fitch Ratings: A- (Stable Outlook) /AAA(tha) (Stable Outlook)
■Life Insurance Company with Outstanding Management
(1st Place Award) 2006 - 2020 (15 consecutive years) resulting in
the Company receiving the Insurance Hall of Fame Award 2020
from Office of Insurance Commission (OIC)
■Best Life Insurance Company - Thailand 2021
Current KBank Economic Interests
Muang Thai Group Holding Co., Ltd. (MTGH)
51.00%
Muang Thai Life Assurance PCL. (MTL)
38.25%
Muang Thai Insurance PCL. (MTI)
10.20%
Muang Thai Broker Co., Ltd. (MTB)
50.99%
MT Insure Broker Co., Ltd. (MTIB)
Fuchsia Venture Capital Co., Ltd. (FVC)
AIGEN Co., Ltd. (AIGEN)
38.20%
38.25%
■ Best Life Insurance Product Thailand 2021
from Global Banking and Finance Review Magazine
51.00%
from International Finance Magazine
Health Insurance Initiative of the Year 2021 - Thailand
from Insurance Asia Magazine
Ageas holds 7.83% in MTGH and holds 24.99990% in MTL
บริการทุกระดับประทับใจ
(Data as of 31 Mar 2022)
107
2020
2021 1Q22
Net premiums earned
72.2 69.4
Net investment income
21.4 22.5
Total revenues
93.6 91.9
Long-term technical reserve increase from the previous period
26.0
25.6
Net benefit payments and insurance claims
43.0
41.6
Commissions and brokerages
9.1
8.6
Other underwriting expenses
0.6
0.7
k
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORN BANK
Muang Thai Life Assurance (MTL) Information Summary
mtl
MUANG THAI LIFE
เมืองไทย
Strong fundamentals and revenue generation, helped by process efficiency and service quality
enhancements; platform and synergy alignment between MTL and KBank
Risk-Based Capital (RBC) remains strong, sufficient to support business growth and much higher than
OIC minimum requirement
Statements of Comprehensive Income (Bt bn)
Strategy in 2022
To become the trusted brand that is ready to take care of and stand by next to
customers during their every life stage and challenging environments under "MTL
Next to You". This can be achieved through presentations of products and services
via multi-channel distribution, with innovations and technologies that can address
customer needs in every target group in a more personalized manner on digital and
non-digital platforms responding to all needs of different lifestyles. The Company
also progresses to develop its workforce for handling and adapting itself to the
digital world completely and continuously emphasizes market expansion in
countries with potential for economic growth.
15.7
5.3
21.0
3.9
12.6
1.7
0.6
Operating expenses & Other
5.2
5.5
1.0
Key Financial Targets
Total Expenses
83.9
82.0
19.8
Bt bn
2017
2018
2019
2020
2021
1Q22
Profit before income tax expense
9.7
9.9
1.2
Income tax expense
1.8
1.8
0.2
Total Premium
(after refund)
102.7
94.5
83.8
75.3
73.0
16.9
Net profit (loss)
7.9
8.1
1.0
% Growth
6%
-8%
-11% -10%
-3%
-6%
Statements of Financial Position (Bt bn)
2020
2021
1Q22
2020
2021 1Q22
Total Assets
556.4 607.5
ROE (%)
11.3%
10.2%
8.6%
614.7
Total Liabilities
483.4 520.9
529.5 ROA (%)
Total Equities
73.0
86.6 85.2 Risk-Based Capital (RBC)
1.4%
323.3%
1.4%
1.2%
359.7%
323.9%
Source: Muang Thai Life Assurance, data based on book value except for RBC
บริการทุกระดับประทับใจ
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