KASIKORNTHAI Regulatory Capital and Financial Performance Update
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Muang Thai Life Assurance (MTL) Information Summary
เมืองไทย
mtl
MUANG THAI LIFE
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 2023
Under the strategic concept of "Happiness Reinvented", the Company continues to
develop life and health insurance products and be the No.1 most trusted life &
health partner with products, services and innovations that cater to the diverse
needs of consumers, covering all genders, ages, groups, lifestyles and every role
and responsibility in life. Our goal is to democratize insurance and make it accessible
for all through our four core pillars: People, Preferred Partner, Customers and
Beyond Our Customers. 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.
2021
2022
9M23
Net premiums earned
69.4 66.1
49.8
Net investment income
22.5
20.4
17.2
Total revenues
91.9
86.5
67.0
Long-term technical reserve increase from the previous period
25.6
14.5
11.0
Net benefit payments and insurance claims
41.6
50.6
39.6
Commissions and brokerages
8.6
7.4
5.3
Other underwriting expenses
0.7
2.5
1.9
Operating expenses & Other
5.5
4.6
3.9
Key Financial Targets
Total Expenses
82.0
79.6
61.7
Bt bn
2018
2019
2020 2021
2022
9M23
Profit before income tax expense
9.9
6.9
5.3
Total Premium
Income tax expense
94.5
83.8
75.3
73.0
69.3
52.5
1.8
1.2
1.0
(after refund)
Net profit (loss)
8.1
5.7
4.3
% Growth
-8%
-11%
-10%
-3%
-5%
3%
Statements of Financial Position (Bt bn)
2021
2022
9M23
2021
2022 9M23
ROE (%)
10.2%
6.6%
7.7%
Total Assets
607.5 625.0
634.1
Total Liabilities
520.9 537.6
547.7
ROA (%)
1.4%
0.9%
1.1%
Total Equities
86.6 87.4
86.5
Risk-Based Capital (RBC)
359.7%
331.5%
343.6%
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
MTL Investment Portfolio and Insurance Premium
MTL Investment Portfolio:
MTL Total Premium
Fixed Income accounted for around 82%
(bn)
90
83.8
75.3
Ghehqwxuh
5917 (
80
73.0
69.3
70
60
57.9
52.5
53.8
49.3
Vwr fn
<1; (
50
43.3
Orwh
614 (
Srdf #rdq
618 (
40
30 26.0
26.0
21.6
23.7
34.7
17.8
20
XqlWuxvw
613 (
10
0
T
Jry# #2#
Erqg
85k (
Ghsrvlw
314(
T
Total
Premium
Growth
(%YOY)
Y2019
Y2020
Y2021
Y2022
9M23
MTL
Industry
-11%
-10%
-3%
-5%
3%
គុំនុំ ន ៩ ៖
-3%
-2%
2019
2020
2021
2022
9M23
P ruwjdjh#
Ordq
319(
New Business Premium
Renewal Year Premium
■Total Premium
Iqyhvwp hqw
Surshuw
31; (
Assets Under Management (AUM)* (30 Sep 23): Bt 592,092 bn
MTL Total Premium by Products:
Ordinary product accounted for around 86% in 9M23
100%
80%
60%
40%
20%
0%
2019
Group
2020
Personal Accident
*Remark: Invested Assets + Investment Property
2021
■Industrial
2022
Ordinary
9M23
Source: The Thai Life Assurance Association
MTL Total Premium by Channels:
Bancassurance accounted for about 55% in 9M23
100%
80%
60%
40%
20%
0%
2019
Other
2020
■Direct Marketing
2021
2022
9M23
Bancassurance
■Agents
Source: The Thai Life Assurance Association (TLAA)/2019 - 3Q22 data from TLAA monthly report (new format)
บริการทุกระดับประทับใจ
101
102View entire presentation