Thai Reinsurance Public Co., Ltd. · SET:THRE
Thai Reinsurance Public — Q2 2018 Earnings Presentation
12 slides from Thai Reinsurance Public's earnings presentation, Aug 23, 2018
Slide 1: Q2/18 results & outlooks
Thai Re Q2/18 results & outlooks
Slide 2: Major Events
Major Events
Slide 3: Reported After-tax Losses
Core Profit was THB 71m Marked THB 202m Improved QoQ and YoY Losses from Trading Securities Reported After-tax Losses
Slide 4: Snapshot (THBm)
Snapshot (THBm) Q2/17 Q1/18 Q2/18 QoQ YoY 6M17 6M18 YoY Gross premium written 1,048 1,232 1,097 -11% 5% 2,263 2,328 3% Net earned premium 806 753 865 15% 7% 1,611 1,618 0% Underwriting profit (loss) 23 -137 -10 -92% -144% -4 -148 3977% Net investment income 37 88 80 -9% 118% 163 168 3% Mark-to-marke
Slide 5: ROI (annualized) and Investment assets
ROI (annualized) -4.7% Bank 6M18 deposits, 13% 4.9% Common T-bills & T- stock, 34% bonds, 21% 4.5% 4.7% Debentures 6M17 & loans, 1% 4.5% Unit trusts, 30% Report Excl trading securities Investment assets THB 5,969m
Slide 6: Outlooks 2H18
Outlooks 2H18
Slide 7: Core business
Core business • Underwriting results expected to improve as we saw - the double-digit premium growth from new business - the less impact from the 9-project in 2H18. • Confirm our target ROI ~4-5%
Slide 8: Appendix: Details of Q2/18
Appendix Details of Q2/18
Slide 9: Consolidate quarterly income statement
Consolidate Quarterly income statement Q2/17 Q1/18 Q2/18 QoQ YoY 6M17 6M18 YoY Gross premium written 1,048 1,232 1,097 -11% 5% 2,263 2,328 3% Net earned premium 806 753 865 15% 7% 1,611 1,618 0% Net claims 349 352 484 37% 39% 769 836 9% Net commission expenses 393 504 356 -29% -10% 775 859 11% Other
Slide 10: Key metrics: conventional vs non-conventional
Key metrics Q2/17 Q1/18 Q2/18 QoQ YoY 6M17 6M18 YoY Conventional business net earned premium (THBm) 355 321 474 48% 34% 703 795 13% Non-conventional business net earned premium (THBm) 451 432 391 -9% -13% 908 823 -9% 1H17 1H18 44% Conventional 49% 56% Non-conventional 51% 10% Property 8% 2% Marine &
Slide 11: Contact us
Contact us Mr. Bheerawas Bhunakh, IR • (66)2-660-6111 #1429 • ir@thaire.co.th • http://investor.thaire.co.th/home.html
Slide 12: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your personal reference. Please do not circulate this material. If you are not an intended recipient, you must not read, disclose, copy, retain, distribute or take any action in reliance upon it. Some statements made in
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