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    Insurance - Property & Casualty
Muang Thai Insurance Public Company Limited

Muang Thai Insurance Public Company Limited

MTI.BK
Muang Thai Insurance Public Company LimitedTH flagStock Exchange of Thailand
15.30
THB
- -
- -
9.03BMarket Cap
Muang Thai Insurance Public Company Limited
MTI.BK
(Stock Exchange of Thailand)

Recent

price

15.30

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
2.67
8.1
9.16
11.19
11.77
13.59
15.13
15.4
15.34
15.42
16.78
17.42
19.19
21.38
299.45
376.29
37.62
Revenue per Share
0.67
0.1
-1.46
1.31
1.45
1.57
1.07
1.05
0.7
0.72
1
1.3
1.37
1.11
25.45
16.23
1.76
Basic EPS, GAAP
1.72
0.49
-0.05
-0.14
-0.13
-0.26
-0.21
-0.25
-0.09
-0.17
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.26
0.4
0.08
- -
0.52
0.58
0.63
0.43
0.43
0.28
0.29
0.45
0.52
0.62
5
8
- -
Dividend per Share
2.92
2.63
2.19
3.49
4.42
5.41
5.84
6.43
6.76
7.16
7.78
8.69
9.57
10.89
129.02
136.42
13.65
Book Value per Share
5.75
5.23
3.83
4.88
5.77
6.5
7.18
7.88
7.71
8.18
7.91
8.87
9.39
9.85
117.02
125.73
13
Tangible Book Value per Share
590
588
590
590
590
590
590
590
590
590
590
590
590
590
59
59
590
Basic Weighted Avg Shares
1,577
4,758
5,402
6,600
6,946
8,021
8,931
9,086
9,058
9,096
9,893
10,275
11,320
12,616
17,667
22,201
22,197
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
393
57
-862
772
856
928
633
618
416
426
591
767
810
655
1,501
958
1,040
Net Income, GAAP
8.54
79.82
- -
24.63
18.25
17.36
19.36
17.24
17.32
20.5
21.33
21.02
20.19
21.67
20.19
18.85
18.53
Effective Tax Rate (%)
24.96
1.2
-15.97
11.7
12.32
11.57
7.09
6.81
4.59
4.68
5.97
7.47
7.16
5.2
8.5
4.31
4.69
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
51
76
37
138
93
88
103
LT Debt
4,177
3,849
3,019
3,618
4,143
4,565
4,956
5,358
5,265
5,568
5,429
6,005
6,305
6,584
7,719
8,279
8,534
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
20.06
3.48
- -
35.63
36.64
32
19.08
17.08
10.68
10.37
13.38
15.64
14.89
10.69
21
12.08
13
Return on Capital (%)
20.06
3.48
-60.82
46.09
36.64
32
19.08
17.08
10.68
10.37
13.42
15.8
15.04
10.86
21.39
12.23
13.15
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
19
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
112
88
103
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
590
590
590
Market Capitalization
10,502
9,204
8,909

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
16,096
16,278
17,518
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
430
816
696
ST Debt
- -
19
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.27%
8.91%
7.26%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
8.35%
21.84%
-36.22%
Sales/Revenue/Turnover
11.31%
18.24%
25.66%
Total Cash Common Dividend
- -
26.11%
60%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,405
4,336
4,019
3,542
17,667
2025
3,640
3,691
3,626
11,244
22,201
2026
3,636
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.73
0.8
0.69
- -
25.45
2025
0.33
0.66
0.53
- -
16.23
2026
0.47
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5
2025
- -
- -
- -
- -
8
2026
- -
- -
- -
- -
- -
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Business
Muang Thai Insurance Public Company Limited operates as a leading non-life insurance provider in Thailand, offering a comprehensive portfolio of insurance products and services. The company’s core offerings encompass motor insurance, including coverage for car crashes, collisions, theft, and natural disasters; non-motor insurance products such as property, marine and transportation, fire, engineering, personal accident and health, special, liability, travel, and commercial insurance. Additionally, Muang Thai Insurance engages in financial and investment management across various securities. Founded in 1932 and headquartered in Bangkok, the company serves both individual and commercial clients within Thailand. In recent developments, Muang Thai Insurance has enhanced its digital transformation initiatives, implementing advanced data processing systems to comply with evolving accounting standards such as TFRS 17, which impacts insurance income and expense recognition. The company also emphasizes sustainability in its operations with active ESG policies that integrate environmental, social, and governance dimensions to support long-term value creation. Financially, Muang Thai Insurance reported an increase in revenue and net income for the year ending 2024, reflecting growth and operational strength. The company continues to expand its product offerings with new travel insurance plans and maintains strategic advances in online customer service platforms. Muang Thai Insurance operates primarily within Thailand’s insurance market, targeting various segments including private vehicle owners, property owners, businesses, and travelers. It upholds a commitment to comprehensive coverage tailored to diverse risk needs while focusing on digital innovation and sustainability to secure competitive positioning. Its longstanding market presence and continuous operational enhancements reinforce its status as a key player in the Thai non-life insurance sector.