KBank Subsidiaries and ASEAN Economic Strategy
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank's Strategic Acquisition in Muang Thai Group Holding (MTGH)
MTGH
MTI
MTL
MTB
FVC
AIGEN
เมืองไทย
ประกันชีวิต
MTIB
Current KBank Economic Interests
Muang Thai Group Holding Co. Ltd
51.0%
(MTGH)
Muang Thai Life Assurance PCL
38.3%
(MTL)
Muang Thai Insurance PCL
10.1%
(MTI)
Muang Thai Broker Co, Ltd
50.98%
(MTB)
MT Insure Broker Co, Ltd
38.2%
(MTIB)
Fuchsia Venture Capital Co, Ltd
■Established April 6, 1951
■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:
BBB+ from S&P Global
A- and AAA (tha) from Fitch Ratings
Life Insurance Company with Outstanding Management
(1st Place) 2006-2018 (13 consecutive years)
from Office of Insurance Commission
38.3%
(FVC)
■Life Insurance Company of the Year 2014, 2017 & 2018
from Asia Insurance Industry Awards
AIGEN Co, Ltd
51.0%
(AIGEN)
Note: OIC Office of Insurance Commission
Ageas holds 7.83% in MTGH and holds 24.9999% in MTL
บริการทุกระดับประทับใจ
95
2018
2019
1H20
Net premiums earned
91.4
80.5
Net investment income
19.0
20.5
Total revenues
110.4
100.9
Life policy reserve increase from the previous period
46.6
35.1
Net benefit payments and insurance claims
37.2
41.4
Commissions and brokerages
9.0
9.1
Other underwriting expenses
0.8
0.7
Operating expenses & Other
5.2
5.0
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORN BANK
Muang Thai Life Assurance (MTL) Information Summary
เมืองไทย
daouthe
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 2020
To sustainably deliver happiness to customers, employees, and stakeholders, MTL
will reinforce its "MTL Everyday Life Partner" strategic direction to offer excellent
products, services, and customer experience. We will continue to enhance
distribution capabilities to grow market share sustainably as well as exploring new
growth in regional markets. MTL plans to enhance connectivity with ecosystem
partners. We aim to become a data-driven company with the advanced data
analytics capabilities to enhance business opportunities and efficiency. Human
development remains our priority while also placing great emphasis on cost
management and intelligent automation. MTL ensures effective risk management
and is well-prepared for new regulatory standards.
33.9
10.0
43.6
8.0
24.1
4.3
0.3
2.2
Total Expenses
98.9
91.4
38.8
2020 Key Financial Targets
Profit before income tax expense
11.5
9.5
4.8
Bt bn
2015
2016
2017
2018
2019
2020
Income tax expense
2.2
1.8
-0.9
Total Premium
87.9
97.0
102.7
94.5
83.8
Net profit (loss)
9.3
7.7
3.9
(after refund)
>=Industry
growth
% Growth
17%
10%
6%
-8% -11%
Statements of Financial Position (Bt bn)
2018
2019
1H20
2018
2019
1H20
Total Assets
479.6
531.1
536.3
ROE (%)
Total Liabilities
421.5
464.5
468.6
Total Equities
58.1
66.6
67.7
ROA (%)
16.6%
2.1%
Risk-Based Capital (RBC)
323.7%
12.4%
1.5%
385.7%
10.8%
1.4%
311.1%
Source: Muang Thai Life Assurance, data based on book value except for RBC
Note: OIC Office of Insurance Commission
บริการทุกระดับประทับใจ
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