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Thai Reinsurance Public Company Limited

Thai Reinsurance Public Company Limited

THRE.BK
Thai Reinsurance Public Company LimitedTH flagStock Exchange of Thailand
0.38
THB
- -
- -
1.60BMarket Cap
Thai Reinsurance Public Company Limited
THRE.BK
(Stock Exchange of Thailand)

Recent

price

0.38

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
3.04
5
2.2
1.89
1.4
1.79
1.13
1.16
0.88
1.12
1
1.04
1.15
1.2
- -
- -
0.75
Revenue per Share
0.38
-1.4
-1.44
-0.8
-0.52
0.63
0.07
-0.03
-0.24
0.03
0.05
-0.08
-0.05
0.05
- -
- -
0.03
Basic EPS, GAAP
1.08
5.03
-0.02
-0.01
-0.01
-0.01
-0.03
-0.01
-0.01
-0.01
-0.01
-0.01
-0.01
-0.04
- -
- -
-0.01
Free Cash Flow per Basic Share
0.32
0.44
- -
0.02
- -
- -
0.11
0.12
0.05
- -
- -
0.04
- -
- -
- -
- -
- -
Dividend per Share
1.84
0.25
-0.57
-1.29
-1.55
1.35
1.38
1.33
0.87
0.91
0.93
0.79
0.85
0.83
- -
- -
0.91
Book Value per Share
1.95
0.61
1.15
0.8
1.01
1.28
1.33
1.28
0.83
0.82
0.8
0.7
0.77
0.86
- -
- -
0.92
Tangible Book Value per Share
1,517
1,187
3,017
3,512
3,740
4,214
3,967
3,705
4,216
4,171
4,440
4,456
3,874
4,192
4,214,994
4,214,994
4,215
Basic Weighted Avg Shares
4,607
5,940
6,633
6,642
5,218
7,556
4,488
4,316
3,722
4,690
4,427
4,643
4,452
5,016
3,317
4,335
3,181
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
580
-1,660
-4,349
-2,799
-1,953
2,655
278
-111
-1,012
125
222
-356
-194
210
275
-3
143
Net Income, GAAP
15.13
- -
- -
- -
- -
19.59
18.62
135.23
- -
23.7
12.78
- -
- -
19.02
18.71
1.28
19.54
Effective Tax Rate (%)
12.6
-27.95
-65.57
-42.14
-37.44
35.14
6.19
-2.58
-27.19
2.67
5.02
-7.68
-4.35
4.18
8.3
-0.06
4.5
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
22
2
2
1
23
13
9
4
- -
4
6
4
2
7
11
6
10
LT Debt
2,980
742
3,489
2,828
3,782
5,456
5,380
4,866
3,620
3,549
3,681
3,245
3,114
3,801
4,013
4,002
4,077
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
22.05
- -
- -
- -
- -
729.43
4.49
-2.42
- -
3.35
5.61
- -
- -
5.33
6.61
-0.57
3.03
Return on Capital (%)
22.54
-107.8
- -
- -
- -
- -
4.98
-2.14
-23.52
3.34
5.61
-9.36
-5.69
6.17
7.59
-0.07
3.79
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
8
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
16
6
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,215
4,215
4,215
Market Capitalization
1,855
1,391
1,686

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
4,038
3,879
3,953
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
2
3
5
ST Debt
- -
8
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.33%
2.29%
-0.29%
Free Cash Flow
30.15%
50.04%
-64.91%
Net Income, GAAP
-3.83%
-116.82%
-101%
Sales/Revenue/Turnover
-2.76%
2.05%
30.67%
Total Cash Common Dividend
- -
- -
-2.41%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
876
864
781
1,497
3,317
2025
1,929
867
552
984
4,335
2026
778
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
- -
- -
- -
2025
-0.01
0.02
0.01
- -
- -
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Thai Reinsurance Public Company Limited (THRE.BK), established in 1978 and headquartered in Bangkok, Thailand, operates as a professional non-life reinsurer offering comprehensive reinsurance coverage across major property and casualty lines; including motor, property, fire, industrial all risk, engineering, marine hull and cargo, liability, financial lines, personal accident, health, and natural catastrophe risks; alongside professional risk pool management, tailored reinsurance solutions, product development, claim management through affiliates, actuarial advisory, training, and electronic commerce services primarily for non-life insurers in Thailand and select ASEAN markets such as Cambodia, Laos, Myanmar, and Vietnam. The company maintains a registered capital exceeding 3,700 million baht, a Fitch rating of A- with stable outlook, and a capital adequacy ratio around 300%, supporting its focus on risk diversification, innovation, and regional expansion. In recent developments, Thai Reinsurance reported a 418% net profit surge to THB 57 million in Q1 2024 driven by improved reinsurance results, delivered Q3 2025 net income of THB 46.65 million with earnings per share of THB 0.011, anticipates stable 2025 underwriting performance below a 100% combined ratio amid accident and health pressures offset by property and motor growth comprising 40-45% of business, and participates in the inaugural Thailand Reinsurance Conference in 2025 to bolster its role as an ASEAN reinsurance hub.