Thai Group Holdings Public Co Ltd
10.20
THB
-0.10
(-0.97%)
Thai Group Holdings Public Co Ltd
SET:TGH
(Stock Exchange of Thailand)
Recent
price
10.20
P/E
ratio
8.45
div
yld
0.98%
ROIC.AI
Capital Structure
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- Business
- Thai Group Holdings Public Company Limited operates as a core insurance and financial services company within the TCC Group, headquartered in Bangkok, Thailand, and founded in 2018. The company manages its operations across four primary business segments: life insurance, non-life insurance, car rental, and financial services. Its life insurance segment is conducted through its subsidiary Southeast Life Insurance Public Company Limited, offering a range of products including ordinary life insurance (whole life, term, endowment, and annuity insurance), group life insurance, and credit life insurance catering to individual and corporate clients. The non-life insurance business is conducted via its subsidiary Indara Insurance Public Company Limited, underwriting motor insurance (compulsory and voluntary), property casualty, marine insurance, and various miscellaneous insurance types like burglary, plate glass, money, engineering, and contractor’s all risk insurance. Its car rental business operates primarily through Southeast Capital Company Limited and several other affiliated subsidiaries, providing leasing services and expanding into car subscriptions under the brand "SUB A CAR." The financial services segment is delivered through subsidiaries Southeast Money Company Limited and Southeast Money Retail Company Limited, focusing on leasing, hire purchase, lending, and financial product offerings. Recent major company changes include restructuring its shareholding and capital structure within the insurance, car rental, and financial business groups to enhance management efficiency and competitiveness. The company established three new holding subsidiaries—Thai Group Auto Company Limited for car rental, Thai Group Money Company Limited for financial services, and Pro Checker 2023 Company Limited for surveyor services under the insurance business group. Thai Group Holdings launched "SUB A CAR" in 2024 to support its car rental segment expansion. In 2024, the company engaged in several shareholding adjustments, especially increasing direct and indirect control over Indara Insurance to 77.02%. It also renewed ISO/IEC 27001:2022 certification for information security for the sixth consecutive year and implemented a new corporate values framework "THAIs" to enhance organizational culture and synergy. The company reported a significant net profit increase of 313% in 2024, driven by steady revenue in life insurance, non-life insurance, and financial services. It received awards such as the Top CEO 2024 in finance and investment, best health insurance product, and Thailand Top Company Awards in the financial industry category, underscoring its market leadership and innovation commitment. Thai Group Holdings operates mainly in Thailand, targeting individual customers, corporate clients including government agencies and private companies, and maintaining a broad distribution channel network incorporating agents, brokers, banks, financial institutions, and digital platforms. Its subsidiaries handle underwriting, investment, insurance brokerage, car leasing, and financial lending services, reflecting a diversified portfolio geared toward long-term financial security and well-being for the Thai market. The company’s strategic focus includes profitability through portfolio rebalancing, operational improvements, risk management, and leveraging technology and innovation for sustainable growth. The company is listed on the Stock Exchange of Thailand under the ticker TGH.BK, maintaining a registered capital of approximately 12 billion baht and paid-up capital of 7.5 billion baht. It aligns closely with the broader TCC Group ecosystem while expanding its leadership position in the insurance and financial sectors of Thailand. Thai Group Holdings continues to pursue growth, governance excellence, and sustainable development goals aimed at creating value for its stakeholders. This comprehensive profile captures Thai Group Holdings Public Company Limited’s core products, services, recent organizational changes, business segmentation, and market positioning relevant as of 2025.