Thai Reinsurance Public Co., Ltd. · SET:THRE
Thai Reinsurance Public — Q2 2019 Earnings Presentation
12 slides from Thai Reinsurance Public's earnings presentation, Aug 8, 2019
Slide 1: Thai Re Q2/19 results
Thai Re Q2/19 results
Slide 2: Q2/19 Key Messages
GWP +17%yoy, driven by Non-conventional Investment income business turned to positive, compared to marked THB 202m losses from trading securities in Q2/19 Q2/18 Key Messages Accrued interest expense of terrorist claims of THB 13m Provision for employee benefits THB 10m Major loss from 3 fire claims
Slide 3: 1H19 Key Messages
GWP +10%yoy, driven by Non-conventional business There were no impact from one-time items as last year ROI climb to 6%, turn from -4.7% last year and better than our guideline 1H19 Key Messages Major loss from 3 fire claims approx. THB 33m Accrued interest expense of terrorist claims of THB 13m Prov
Slide 4: Snapshots
Snapshots System wide (THBm) Q2/18 Q1/19 Q2/19 QoQ YoY 6M18 6M19 YoY Gross written premium 1,097 1,283 1,283 0% 17% 2,328 2,567 10% Net written premium 933 880 967 10% 4% 1,677 1,846 10% Net earned premium 865 868 947 9% 9% 1,618 1,815 12% U/W profit (loss) -28 -32 -93 -191% -232% -280 -125 55% Net
Slide 5: Business breakdown
Business breakdown 6M18 6M19 56% Conventional 43% 44% Non-conventional 57% 8% Property 7% 1% Marine &cargo 2% 36% Motor 25% 42% PA&H 54% 13% Others 12%
Slide 6: ROI Investment Assets approx. THB 5,185m
ROI Investment Assets approx. THB 5,185m 6.0% Bank deposits, 6M19 14% 5.9% Common stock, -4.7% 33% T-bills & T-bonds, 22% 6M18 4.7% Debentures & loans, Unit trusts, 5% 27% Report Excl trading securities & status changed
Slide 7: FY2019-2020 Investment Theme
FY2019-2020 Investment Theme • One-time impacted end • Expected lower retrocession expense • Local premium growth unlocking • Foreign unit on track • Leveraging technology and expanding our service scope to accelerate the growth of 15-20% in next 3 years • Target average ROE ~ 8% in next 3 years
Slide 8: Q&A
Q&A
Slide 9: Appendix
Appendix
Slide 10: Consolidate quarterly income statement
Consolidate Quarterly income statement Q2/18 Q1/19 Q2/19 QoQ YoY 6M18 6M19 YoY Gross premium written 1,097 1,283 1,283 0% 17% 2,328 2,567 10% Net premium written 933 880 967 10% 4% 1,677 1,846 10% Net earned premium 865 868 947 9% 9% 1,618 1,815 12% Net claims 484 434 532 23% 10% 836 965 15% Net com
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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