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Thaire Life Assurance Public Company Limited

Thaire Life Assurance Public Company Limited

THREL.BK
Thaire Life Assurance Public Company LimitedTH flagStock Exchange of Thailand
1.00
THB
-0.02
- -
620.00MMarket Cap
Thaire Life Assurance Public Company Limited
THREL.BK
(Stock Exchange of Thailand)

Recent

price

1.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
17.3
2.12
2.62
2.73
3.05
3.33
3.54
3.89
3.81
3.72
4.39
4.81
5.45
4.37
2.85
2.6
Revenue per Share
3.89
0.43
0.69
0.6
0.63
0.52
0.71
0.41
0.31
0.19
0.15
0.25
0.1
-0.93
-0.12
-0.1
Basic EPS, GAAP
-0.03
- -
- -
- -
-0.03
-0.02
-0.04
-0.02
- -
- -
-0.04
- -
-0.01
-0.04
-0.01
-0.01
Free Cash Flow per Basic Share
1.94
0.6
0.4
0.44
0.44
0.49
0.39
0.48
0.27
0.12
0.13
0.19
0.07
0.07
- -
- -
Dividend per Share
14.81
1.31
1.67
1.66
1.86
1.9
2.21
2.11
2.14
2.2
2.2
2.31
1.98
0.86
0.71
0.56
Book Value per Share
15.76
1.46
1.97
1.92
2.05
2.09
2.44
2.25
2.27
2.21
2.25
2.28
1.91
0.88
0.75
0.67
Tangible Book Value per Share
52
517
555
620
618
616
617
624
627
627
636
620
620
620
620
620
Basic Weighted Avg Shares
893
1,093
1,456
1,694
1,884
2,049
2,180
2,428
2,390
2,331
2,795
2,985
3,380
2,711
1,766
1,609
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
201
221
383
372
389
322
436
253
194
121
98
153
62
-579
-77
-65
Net Income, GAAP
32.64
22.98
19.14
17.25
18.71
17.5
19.65
18.24
16.27
14.84
12.84
15.67
12.99
- -
- -
50.4
Effective Tax Rate (%)
22.48
20.19
26.31
21.95
20.63
15.7
19.98
10.44
8.13
5.21
3.52
5.13
1.84
-21.35
-4.34
-4.03
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
2
1
- -
- -
- -
- -
- -
- -
1
- -
- -
3
10
2
5
LT Debt
814
754
1,092
1,190
1,282
1,313
1,543
1,439
1,459
1,424
1,469
1,447
1,218
587
501
450
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
30.63
47.68
37.93
35.68
27.76
34.43
18.95
14.64
8.93
7.08
10.82
4.67
- -
- -
-52.27
Return on Capital (%)
- -
30.67
47.77
37.96
35.68
27.76
34.43
18.95
14.64
8.92
7.09
10.82
4.67
-65.61
-15.69
-16.52
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
4
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
7
2
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
620
620
620
Market Capitalization
738
639
632

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
255
226
1,822
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
3
2
2
ST Debt
- -
4
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.85%
-16.13%
-14.68%
Free Cash Flow
122.04%
253.55%
-69.29%
Net Income, GAAP
-122.57%
-228.24%
-86.77%
Sales/Revenue/Turnover
0.78%
-2.95%
-34.85%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
646
535
843
1,170
2,711
2025
550
336
512
368
1,766
2026
393
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.15
-0.1
-0.14
- -
-0.93
2025
-0.16
0.02
0.01
- -
-0.12
2026
-0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.07
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Thaire Life Assurance Public Company Limited, founded in 2000 and headquartered in Bangkok, Thailand, specializes in life reinsurance services primarily for life insurance companies in Thailand. The company operates through two main segments: Conventional Products and Non-Conventional Products. Its core offerings include life reinsurance capacity and consultancy; medical underwriting and claim management; research and analytics; marketing planning; product design and development; new distribution channel development; and technical training covering medical and claim underwriting, actuarial, and operational management, as well as big data analytics. Thaire Life Assurance aims to provide innovative life insurance products and adapt its services to meet evolving market demands. In recent developments, the company has focused on expanding its product portfolio by launching new products targeting critical illness and credit life insurance opportunities, reflecting a strategic shift toward diversified risk management and product innovation. It actively manages its portfolio balance by revising group business exposure and promoting individual business growth. The firm also navigates operational adaptations under the new Thai Financial Reporting Standard No. 17 (TFRS 17), which enhances transparency in insurance contract liabilities and risk adjustments. Additionally, it engages shareholders with ongoing corporate governance activities and strategic agenda planning in 2025. Thaire Life Assurance maintains a strong focus on risk adjustment reserves and contractual service margins as part of its financial strategy to support future income streams. The company primarily serves the Thai market and sustains its operations through comprehensive reinsurance solutions, market-driven product development, and technical consultancy targeting life insurers, brokers, and financial intermediaries. As a public limited company with a registered capital of approximately THB 620 million, Thaire Life Assurance positions itself as a vital player in Thailand's life reinsurance industry, bolstered by its technical expertise and evolving service offerings consistent with current market and regulatory requirements.