KASIKORNTHAI Regulatory Capital and Financial Performance Update
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Accounting Treatment of KIV on KBank's Consolidated Financial Statements
KBank
Statement of Financial Position
Assets
Cash
Financial assets measured at FVTPL
Investments - net
Investments in subsidiaries,
associates and joint venture - net
Premises and equipment - net
Other assets
Liabilities and Equity
Total Liabilities
Total Equity
Accounting Treatment:
"
KIV
1.Subsidiaries
Accounting Method:
Consolidation
2.Associate /
Joint Venture
Accounting Method:
Equity Method
3.Investment
(FVTPL, FVTOCI)
Accounting Method:
Fair Value
Subsidiaries: line by line consolidation to statement of financial position, profit and loss and OCI
Associate / Joint Venture: Investment return from net profit as share of profit (loss) from investments using
equity method and from OCI as share of OCI from investment using equity method
Investment:
o Investment return as dividend income (equity instrument) and interest income (debt instrument)
о Investment value is mark to market to statement of Profit and Loss or OCI subjected to the instrument type
บริการทุกระดับประทับใจ
KBank
Statement of Profit or Loss
Interest income - net
Fees and service income - net
Gain (loss) on financial instrument
measured at FVTPL
Share of profit (loss) from investments
using equity method
Dividend income
Total other operating expenses
Expected credit loss
Net Profit
Statement of Other Comprehensive
Income (OCI)
Gain (loss) on investments in equity
instruments designed at FVTOCI - net
K
KASIKORNTHAI
Life Insurance Industry in Thailand
Premium per % GDP by Country
(%)
20.0
15.0
14.0
11.6
10.0
8.2
6.45.85.4 7.67.57.4
5.0
3.23.23.0 4.03.98.7
1.11.00.9
2.4.12.0 3.43.4.4
-Y2020
■Y2021
Y2022
1.10.9 1.21.51.3 1.6 1.6 1.6
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
In 2022, Thailand insurance penetration rate
was 3.4% with a high opportunity for growth.
■Muang Thai Life Assurance (MTL) ranked #4 in
life insurance industry in Thailand, in 9M23 with
11.5% market share of total premium.
#4 in life insurance industry in Thailand, in 2022
Source: Swiss Reinsurance
Size of Market by Premium(%)
Market Share by Total Premium in Life Insurance (%)
Source: The Thai Life Assurance Association
New Business
Total Premium
Premium
(%)
(Bt bn)
CAGR 13-22: 5%
(Bt bn)
30.0
700.0
614.1 611.4
200.0
24.9
25.6
180.0
25.0
23.8
600.0
500.0
537.5
568.3
601.7 627.4
160.0
610.9
20.0
140.0
503.9
600.2
15.3
14.7
400.0
442.5
1455.1
120.0
15.0
13.2 13.7
100.0
300.0
80.0
10.0
200.0
60.0
14.44.0 11.1.31.58.1
5.8 5.9
5.0
100.0
40.0
20.0
0.0
2013
2014
2015
2016
2017
2018 2019
Total Premium
2020 2021
New Business Premium
2022 9M23
ΑΙΑ
FWD
TLI
MTL
KTAL
BLA
*New Business Premium in 9MM23 = Bt132.0bn
Source: The Thai Life Assurance Association
Note: Total Premium = New Business Premium + Renewal Premium; New Business Premium First Year Premium + Single Premium
บริการทุกระดับประทับใจ
■2021
2022
B
9M23
5.8
5.2 5.6°
5.4
5.1
4.4
7.1 7.5 7.4
1.8
2.4
1.51.7
AZAY PLT
OLIC TMLTH Others
98
97
40View entire presentation