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
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70
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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%
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9M22
-6%
0%
5k ( Ghsrvlw
2018
2019
2020
2021
9M22
319 (
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New Business Premium
Renewal Year Premium
■Total Premium
Ordq
318 (
100%
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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)
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