Company Summary
THRE THAI REINSURANCE PUBLIC COMPANY LIMITED
Financials/Insurance
sSET
CG Report:   
 
  Data as of 03 Aug 2021  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.)
1.45 1.85 / 0.79 17.33 1.59 3,709.19 6,111.74
News
Date/Time Subject
25 May 2021 12:32   Appointment the Board Chairman and Vice Chairman and Shareholding Restructure of the Company's Subsidiaries
20 May 2021 18:26   Trading Commencement of THRE-F
19 May 2021 20:15   Notification of the registration of the amendment to clause 10 of the Company's Articles of Association
12 May 2021 08:32   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2021
12 May 2021 08:31   Financial Statement Quarter 1/2021 (Reviewed)
more

Company Profile
Address 48/22-24 Soi Rajchadapisek 20, Rajchadapisek Road, Samsennok, Huaykwang Bangkok 10310
Telephone 0-2660-6111, 0-2290-3111
Fax 0-2660-6100, 0-2290-3100
URL www.thaire.co.th
  Annual Report 2020
Establish Date 18/7/1978 Listed Date 26/02/1993
IPO Price (Baht) 80.00 @Par10.00 Baht
IPO Financial Advisory
  • SRISAWAD FINANCE PUBLIC COMPANY LIMITED
  • TISCO BANK PUBLIC COMPANY LIMITED
  • Par 0.88 Baht
    Last Par Change Old 1.00 : New 0.88 @ 15/10/2020

    Business
    The Company is a professional reinsurer which offers reinsurance coverage in all major property and casualty business lines, with particular expertise in property, casualty, engineering, and marine. Its customers are mostly local non-life insurers and a selected number of customers in foreign markets.

    Free Float 10 Mar 2021 09 Jun 2020
    % /Shareholders
    50.56% 7,234 50.60% 4,545
    Foreign Shareholders 48.70% (As of 03/08/2021) Foreign Limit 49.00%
    NVDR Shareholders  1.96% (As of 03/08/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 4.32 5.56 4.63
    20 Days 9.02 15.39 11.71
    60 Days -5.84 -2.83 -3.24
    120 Days -11.59 -9.93 -14.96
    YTD 13.28 12.10 6.58
    P/E (X) 17.33 14.90 29.08
    P/BV (X) 1.59 1.27 1.70
    Turnover Ratio (%) 0.65 0.26 1.22

    Top 10 Major Shareholders(@30 Apr 2021) Share %
    1. HWIC ASIA FUND A/C CLASS C 1,987,104,436 47.14
    2. บริษัท วิริยะประกันภัย จำกัด (มหาชน) 133,658,535 3.17
    3. นาย วชิระ ทยานาราพร 132,000,000 3.13
    4. บริษัท กรุงเทพประกันภัย จำกัด (มหาชน) 103,551,996 2.46
    5. บริษัท Thai NVDR Company Limited 84,224,053 2.00
    6. บริษัท นวกิจประกันภัย จำกัด (มหาชน) 64,895,919 1.54
    7. บริษัท ที ดับบลิว ดับบลิว ซี จำกัด 41,866,939 0.99
    8. Dr. KANOKKAEW VIRAVAN 37,984,500 0.90
    9. MR. ORAN VONGSURAPHICHET 36,548,300 0.87
    10. นาย เชวง ประพิณวงศ์ 32,400,000 0.77

    Management Position
    1. Mr. JIRAPHANT ASVATANAKUL BOARD CHAIRMAN
    2. Mr. ORAN VONGSURAPHICHET CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. CHANDRAN RATNASWAMI VICE CHAIRMAN
    4. Mr. GOBINATH ARVIND ATHAPPAN DIRECTOR
    5. Mr. KERATI PANICHEWA DIRECTOR
    6. Mr. APISIT ANANTANATARAT DIRECTOR
    7. Miss POTJANEE THANAVARANIT INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    8. Mr. SARA LAMSAM INDEPENDENT DIRECTOR
    9. Mrs. CHAVEEWAN AKSORNSAWADDI INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Miss ADA INGAWANIJ INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    03 Aug 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 4,214.99  4,214.99  4,214.99 
    Market Cap (MB.) 6,111.74  5,395.19  2,739.75 
    Price (B./share) 1.45  1.28  0.65 
    BVPS (B./Share) 0.91  0.84  0.87 
    P/BV (X) 1.59  1.53  0.75 
    P/E (X) 17.33  30.39  N/A 
    Turnover Ratio (%) 98.91  113.37  14.40 
    Value Trade/Day (MB.) 46.83  19.97  1.83 
    Beta 0.87  0.83  0.69 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 13.28  96.92  -25.29 
    Dividend Yield (%) 2.76  N/A  N/A 
    Payout Ratio 0.48  N/A 
    Dividend Policy Not less than 40% of net profit of separate financial statement after deduction of all reserves. In addition, the dividend payment is subject to the approval of Board of Director and shareholders (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2020 - 31 Dec 2020 0.04 Baht 18 May 2021 Cash
     
    Auditor
    (Effective Until 31/12/2021)
    Miss Somjai Khunapasut/EY OFFICE LIMITED
    Miss NARISSARA CHAISUWAN/EY OFFICE LIMITED
    MISS RACHADA YONGSAWADVANICH/EY OFFICE LIMITED
    Miss WANWILAI PHETSANG/EY OFFICE LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Cash And Cash Equivalents 351.84 449.08 209.85 184.60 446.27
    Premium Due & Uncoll. Net - - - - -
    Accrued invest. Income 1.80 8.64 2.66 6.23 2.92
    Reinsurance Assets - Net 175.99 538.50 - - -
    Amount Due From Reinsurers 1,580.86 - 1,535.55 2,297.85 2,736.78
    PP&E Net 229.66 245.83 239.76 248.74 251.86
    Total Assets 7,383.73 7,311.53 7,006.66 7,812.61 9,842.24
    Insurance Liabilities 2,537.23 2,906.89 2,530.70 2,853.36 3,604.88
    Amount Due To Reinsurers 577.41 982.10 406.90 932.09 1,299.97
    Advance Premium 163.23 - 153.38 235.19 694.96
    Total Liabilities 3,529.15 4,163.88 3,325.22 4,263.32 6,222.40
    Authorized Capital 3,709.19 - 3,709.19 4,214.99 4,214.99
    Paid-Up Capital 3,709.19 4,214.99 3,709.19 4,214.99 4,214.99
    Premium (Discount) on Share Capital - - - - -
    Retained Earnings (Deficit) 484.31 -402.11 462.11 -322.38 -442.30
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Shareholders' Equity 3,854.58 3,147.66 3,681.44 3,549.29 3,619.85
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    Statement of Comprehensive Income (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Net Premium Written 933.08 983.92 3,944.18 3,497.68 3,482.79
    Less Increase (Decrease) In Unearned Premium Reserves From Prior Period -50.96 168.49 194.32 -111.15 123.38
    Fee And Commission Income 17.32 48.36 159.68 394.39 309.33
    Net Investment Income 11.48 23.52 118.57 275.17 61.38
    Total Revenues 1,109.82 889.79 4,426.48 4,689.88 3,715.13
    Increase (Decrease) In Life Policy Reserves - - - - -
    Gross Claims 453.76 596.88 2,074.31 3,117.63 3,513.93
    Less Claim Recovery From Reinsurers 14.38 161.01 238.54 1,140.53 1,672.01
    Other Underwriting Expenses 33.06 35.38 144.17 135.28 127.06
    Operating Expenses 49.86 41.32 190.20 187.45 179.27
    Total Expenses 1,045.53 991.59 4,171.95 4,526.33 4,403.18
    EBT 64.29 -101.81 254.53 163.55 -688.05
    Income Tax Expense 11.41 -23.94 32.53 38.76 323.79
    Net Profit : Owners Of The Parent 52.87 -77.86 222.00 125.13 -1,011.84
    EPS (B.) 0.01 -0.02 0.05 0.03 -0.24
    more
    Statement of Cash Flow (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Operating Cash Flow 150.89 282.74 63.72 -229.83 288.56
    Investing Cash Flow -8.22 -17.39 -36.05 -29.41 -20.65
    Financing Cash Flow -0.66 -0.57 -2.29 -3.75 -216.13
    Net Cash Flow 142.02 264.78 25.38 -262.99 51.77
    more
    Annualized: ROE, ROA
    Ratios 3M/2021  3M/2020  2020  2019 
    ROE (%) 10.08 0.21 6.14 3.49
    ROA (%) 5.73 0.20 3.44 1.85
    D/E (X) 0.92 1.32 0.90 1.20
    Total Asset Turnover (X) 0.63 0.53 0.60 0.53
    Net Profit Margin (%) 4.76 -8.75 5.02 2.66

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 3M/2021  3M/2020  2020  2019 
    Total Invest Income growth N/A N/A -56.29 N/A
    Total underwriting exp growth 5.22 -9.21 -9.33 2.96
    Total operating exp growth 20.68 -5.49 1.47 4.56
    Net Profit Growth N/A N/A 77.42 N/A


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
    No Information Found
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    Only Preferred Share and Warrants
    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
     
    Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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