Creating the Future of Finance - Breakthrough Innovation slide image

Creating the Future of Finance - Breakthrough Innovation

K KASIKORNTHAI ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Muang Thai Life Assurance (MTL) Information Summary stema 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 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. 2020 2021 9M22 Net premiums earned 72.2 69.4 48.0 Net investment income 21.4 22.5 Total revenues 93.6 91.9 14.0 62.0 Long-term technical reserve increase from the previous period 26.0 25.6 10.0 Net benefit payments and insurance claims 43.0 41.6 37.7 Commissions and brokerages 9.1 8.6 5.3 Other underwriting expenses 0.6 0.7 1.8 Operating expenses & Other 5.2 5.5 3.3 Key Financial Targets Total Expenses 83.9 82.0 58.1 Bt bn 2017 2018 2019 2020 2021 9M22 Profit before income tax expense 9.7 9.9 3.9 Income tax expense 1.8 1.8 0.7 Total Premium (after refund) 102.7 94.5 83.8 75.3 73.0 50.8 Net profit (loss) 7.9 8.1 3.2 % Growth 6% -8% -11% -10% -3% -6% Statements of Financial Position (Bt bn) 2020 2021 9M22 2020 2021 9M22 Total Assets Total Liabilities Total Equities 556.4 607.5 483.4 520.9 73.0 86.6 619.1 ROE (%) 11.3% 10.2% 5.6% 537.3 ROA (%) 1.4% 1.4% 0.8% 81.8 Risk-Based Capital (RBC) 323.3% 359.7% 320.3% Source: Muang Thai Life Assurance, data based on book value except for RBC 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 83% (bn) 94.5 Ghehqwxuh 5916( 100 90 Vwr fn 4316 ( 80 70 60 Qrwh 50 615 ( 40 30 Srdf #Ordq 20 618 ( Jry# #72H# Erqg 8513( 10 TTTTTTTTT 83.8 Total Premium MTL Industry 75.3 73.0 Growth 71.7 (%YOY) 57.9 53.8 50.8 49.3 Y2018 -8% 4% Y2019 -11% -3% 31.1 26.0 22.8 23.7 21.6 19.8 Y2020 -10% -2% Y2021 -3% 2% Xqlwuxvw 0 T 9M22 -6% 0% 5k ( Ghsrvlw 2018 2019 2020 2021 9M22 319 ( P ruwjdjh New Business Premium Renewal Year Premium ■Total Premium Ordq 318 ( 100% Typ hqwSurshuw 31; ( Assets Under Management (AUM)* (9M22): Bt 573,310 bn MTL Total Premium by Products: Ordinary product accounted for around 88% in 9M22 IIIII 80% 60% 40% 20% 0% 2018 2019 2020 2021 9M22 Group Personal Accident *Remark: Invested Assets + Investment Property ■Industrial ■Ordinary Source: The Thai Life Assurance Association MTL Total Premium by Channels: Bancassurance accounted for about 59% in 9M22 100% 80% 60% 40% 20% 0% 2018 Other 2019 ■Direct Marketing 2020 2021 9M22 Bancassurance ■Agents Source: The Thai Life Assurance Association (TLAA) / 2019 - 3Q22 data from TLAA monthly report (new format) บริการทุกระดับประทับใจ 97 98
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