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    Insurance - Life
Bangkok Life Assurance Public Company Limited

Bangkok Life Assurance Public Company Limited

BLA-R.BK
Bangkok Life Assurance Public Company LimitedTH flagStock Exchange of Thailand
26.75
THB
+1.25
- -
45.68BMarket Cap
Bangkok Life Assurance Public Company Limited
BLA-R.BK
(Stock Exchange of Thailand)

Recent

price

26.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
17.73
21.49
23.97
27.4
36.26
32.52
32.49
32.91
31.47
28.53
27.46
27.86
28.15
26.29
14.13
15.03
14.06
Revenue per Share
1.66
2.03
2.21
2.58
1.56
2.41
3
2.13
2.91
2.57
0.94
1.87
1.88
1.49
2.71
4.08
4.32
Basic EPS, GAAP
11.35
13.45
-0.04
-0.05
-0.07
-0.14
-0.4
-0.14
-0.06
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.25
0.55
0.5
0.54
0.4
0.78
0.64
0.75
0.54
0.72
0.32
0.23
0.88
0.56
0.4
0.85
0.38
Dividend per Share
3.5
4.81
6.52
8.52
9.66
11.26
13.6
14.96
17.34
19.19
19.25
20.88
21.89
21.94
24.24
26.33
27.27
Book Value per Share
6.49
7.89
11.56
13.13
15.08
15.84
19.53
22.69
22.55
25.91
26.98
28.02
26.14
25.71
28.07
32.25
31.01
Tangible Book Value per Share
1,680
1,680
1,682
1,695
1,695
1,702
1,705
1,708
1,708
1,708
1,708
1,708
1,708
1,708
1,708
1,708
1,708
Basic Weighted Avg Shares
29,781
36,106
40,312
46,435
61,475
55,331
55,402
56,198
53,732
48,710
46,894
47,581
48,069
44,886
24,123
25,673
24,013
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
139
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
2,796
3,417
3,724
4,381
2,650
4,108
5,110
3,635
4,970
4,386
1,608
3,196
3,212
2,548
4,634
6,968
7,385
Net Income, GAAP
22.12
29.43
21.84
17.52
14.34
15.93
16.06
12.4
14.04
17.3
8.68
15.08
15.02
14.82
16.92
13.34
16.29
Effective Tax Rate (%)
9.39
9.46
9.24
9.43
4.31
7.42
9.22
6.47
9.25
9
3.43
6.72
6.68
5.68
19.21
27.14
30.75
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
10,917
13,277
19,465
22,264
25,576
26,990
33,329
38,765
38,508
44,260
46,098
47,966
44,783
44,027
48,064
55,196
53,061
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
59.66
49
39.12
34.49
17.2
23.12
24.13
14.92
18.02
14.06
4.9
9.33
8.79
6.81
11.75
16.14
17.03
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,708
1,708
1,708
Market Capitalization
32,102
34,322
34,834

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
298,282
294,525
278,148
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
2,148
1,793
1,109
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.8%
3.95%
14.84%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
16.79%
42.16%
50.38%
Sales/Revenue/Turnover
-5.99%
-8.79%
6.42%
Total Cash Common Dividend
25.22%
60.58%
114.31%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,738
3,374
6,428
11,656
24,123
2025
5,698
4,863
7,239
5,807
25,673
2026
6,103
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.66
0.58
0.88
- -
2.71
2025
0.73
1.25
1.35
- -
4.08
2026
0.94
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.4
2025
- -
- -
- -
- -
0.85
2026
- -
- -
- -
- -
- -
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Bangkok Life Assurance Public Company Limited (BLA-R.BK)
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Business
Bangkok Life Assurance Public Company Limited operates primarily as a life insurance provider in Thailand, offering a comprehensive range of insurance and financial planning products. The company's main offerings include life insurance products such as protection, savings, education, pension plans, health insurance, critical illness coverage, and total permanent disability insurance. It also provides general insurance products including personal and business all risks insurance, fire, motor, burglary, personal accident, travel accident, cancer, medical malpractice liability, business interruption, marine, hull, workmen's compensation, and contractors' all-risk insurance. Additionally, Bangkok Life Assurance delivers group insurance, bancassurance products in partnership with banks such as Bangkok Bank and Tisco Bank, mutual funds, and business loans. The company primarily serves individual and corporate customers within Thailand. Founded in 1951 and headquartered in Bangkok, the company maintains a strong capital adequacy ratio and asset base representative of its substantial market presence. Recent major changes include a strategic focus on expanding distribution channels with significant growth in the bancassurance channel, which saw a 43% increase in sales in 2024, driving a 42% rise in net profit to 3.6 billion THB for the year. The company launched a new brand campaign centered on "Caring" to emphasize customer-centric service and long-term value creation. It has also sustained high capital adequacy ratios, well above regulatory requirements, underscoring financial stability. Recent financial performance highlights include record first-year premium incomes, improved underwriting margins, and dividends approved reflecting strong earnings growth. Bangkok Life Assurance continues investing in agent empowerment and technology to enhance customer experience and market responsiveness, focusing on sustainable growth through innovation and improved service quality. Overall, Bangkok Life Assurance operates as a leading life and general insurance provider in Thailand, with diversified insurance products, strategic bancassurance partnerships, and an evolving customer care philosophy, underpinned by solid financial performance and sustained operational enhancements.