Thai Reinsurance Public Company Limited (THRE) - Net Assets
Based on the latest financial reports, Thai Reinsurance Public Company Limited (THRE) has net assets worth ฿4.07 Billion THB (≈ $126.71 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿6.83 Billion ≈ $212.81 Million USD) and total liabilities (฿2.76 Billion ≈ $86.10 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check THRE financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿4.07 Billion |
| % of Total Assets | 59.54% |
| Annual Growth Rate | 3.94% |
| 5-Year Change | 7.8% |
| 10-Year Change | -27.27% |
| Growth Volatility | 76.96 |
Thai Reinsurance Public Company Limited - Net Assets Trend (2000–2024)
This chart illustrates how Thai Reinsurance Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Thai Reinsurance Public Company Limited (THRE) total assets for the complete picture of this company's asset base.
Annual Net Assets for Thai Reinsurance Public Company Limited (2000–2024)
The table below shows the annual net assets of Thai Reinsurance Public Company Limited from 2000 to 2024. For live valuation and market cap data, see market value of Thai Reinsurance Public Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.97 Billion ≈ $123.69 Million |
+4.40% |
| 2023-12-31 | ฿3.80 Billion ≈ $118.48 Million |
+22.09% |
| 2022-12-31 | ฿3.11 Billion ≈ $97.05 Million |
-4.05% |
| 2021-12-31 | ฿3.24 Billion ≈ $101.14 Million |
-11.86% |
| 2020-12-31 | ฿3.68 Billion ≈ $114.75 Million |
+3.72% |
| 2019-12-31 | ฿3.55 Billion ≈ $110.63 Million |
-1.95% |
| 2018-12-31 | ฿3.62 Billion ≈ $112.83 Million |
-25.61% |
| 2017-12-31 | ฿4.87 Billion ≈ $151.68 Million |
-9.55% |
| 2016-12-31 | ฿5.38 Billion ≈ $167.70 Million |
-1.39% |
| 2015-12-31 | ฿5.46 Billion ≈ $170.07 Million |
+44.26% |
| 2014-12-31 | ฿3.78 Billion ≈ $117.89 Million |
+33.74% |
| 2013-12-31 | ฿2.83 Billion ≈ $88.15 Million |
-18.94% |
| 2012-12-31 | ฿3.49 Billion ≈ $108.74 Million |
+369.94% |
| 2011-12-31 | ฿742.40 Million ≈ $23.14 Million |
-72.29% |
| 2010-12-31 | ฿2.68 Billion ≈ $83.52 Million |
+9.61% |
| 2009-12-31 | ฿2.44 Billion ≈ $76.19 Million |
+17.46% |
| 2008-12-31 | ฿2.08 Billion ≈ $64.87 Million |
-16.62% |
| 2007-12-31 | ฿2.50 Billion ≈ $77.79 Million |
+6.11% |
| 2006-12-31 | ฿2.35 Billion ≈ $73.32 Million |
-0.31% |
| 2005-12-31 | ฿2.36 Billion ≈ $73.55 Million |
-0.04% |
| 2004-12-31 | ฿2.36 Billion ≈ $73.58 Million |
-4.09% |
| 2003-12-31 | ฿2.46 Billion ≈ $76.71 Million |
+24.46% |
| 2002-12-31 | ฿1.98 Billion ≈ $61.64 Million |
+9.95% |
| 2001-12-31 | ฿1.80 Billion ≈ $56.06 Million |
+14.57% |
| 2000-12-31 | ฿1.57 Billion ≈ $48.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Reinsurance Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 98.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿3.90 Million | 0.11% |
| Common Stock | ฿3.71 Billion | 100.09% |
| Other Comprehensive Income | ฿-7.26 Million | -0.20% |
| Total Equity | ฿3.71 Billion | 100.00% |
Thai Reinsurance Public Company Limited Competitors by Market Cap
The table below lists competitors of Thai Reinsurance Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chin Yang Ind
KO:003780
|
$51.27 Million |
|
Aksu Enerji ve Ticaret AS
IS:AKSUE
|
$51.29 Million |
|
SOLUCIONES CUATROO.EO-04
F:5XW
|
$51.30 Million |
|
Metalstech Ltd
AU:MTC
|
$51.31 Million |
|
Foods & Inns Limited
NSE:FOODSIN
|
$51.22 Million |
|
Burberry Group PLC
LSE:BRBY
|
$51.21 Million |
|
MNC Vision Networks PT
JK:IPTV
|
$51.21 Million |
|
Mediaco Holding Inc
NASDAQ:MDIA
|
$51.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Reinsurance Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,542,725,322 to 3,705,836,599, a change of 163,111,277 (4.6%).
- Net income of 227,118,213 contributed positively to equity growth.
- Dividend payments of 13,072,502 reduced retained earnings.
- Other comprehensive income decreased equity by 51,043,315.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿227.12 Million | +6.13% |
| Dividends Paid | ฿13.07 Million | -0.35% |
| Other Comprehensive Income | ฿-51.04 Million | -1.38% |
| Other Changes | ฿108.88K | +0.0% |
| Total Change | ฿- | 4.60% |
Book Value vs Market Value Analysis
This analysis compares Thai Reinsurance Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.42x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.25x to 0.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿1.56 | ฿0.39 | x |
| 2006-12-31 | ฿1.54 | ฿0.39 | x |
| 2007-12-31 | ฿1.63 | ฿0.39 | x |
| 2008-12-31 | ฿1.36 | ฿0.39 | x |
| 2009-12-31 | ฿1.60 | ฿0.39 | x |
| 2010-12-31 | ฿1.76 | ฿0.39 | x |
| 2011-12-31 | ฿0.61 | ฿0.39 | x |
| 2012-12-31 | ฿1.15 | ฿0.39 | x |
| 2013-12-31 | ฿0.65 | ฿0.39 | x |
| 2014-12-31 | ฿0.82 | ฿0.39 | x |
| 2015-12-31 | ฿1.28 | ฿0.39 | x |
| 2016-12-31 | ฿1.34 | ฿0.39 | x |
| 2017-12-31 | ฿1.31 | ฿0.39 | x |
| 2018-12-31 | ฿0.86 | ฿0.39 | x |
| 2019-12-31 | ฿0.84 | ฿0.39 | x |
| 2020-12-31 | ฿0.87 | ฿0.39 | x |
| 2021-12-31 | ฿0.77 | ฿0.39 | x |
| 2022-12-31 | ฿0.74 | ฿0.39 | x |
| 2023-12-31 | ฿0.85 | ฿0.39 | x |
| 2024-12-31 | ฿0.92 | ฿0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Reinsurance Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.06%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.20x
- Recent ROE (6.13%) is above the historical average (-11.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 22.18% | 17.63% | 0.62x | 2.02x | ฿191.22 Million |
| 2001 | 17.01% | 14.58% | 0.64x | 1.83x | ฿126.06 Million |
| 2002 | 16.81% | 14.12% | 0.66x | 1.81x | ฿134.61 Million |
| 2003 | 16.03% | 15.89% | 0.57x | 1.76x | ฿148.52 Million |
| 2004 | 19.08% | 18.69% | 0.55x | 1.87x | ฿214.27 Million |
| 2005 | 20.46% | 17.15% | 0.60x | 1.97x | ฿246.36 Million |
| 2006 | 19.81% | 16.16% | 0.62x | 1.98x | ฿228.89 Million |
| 2007 | 20.82% | 16.37% | 0.63x | 2.01x | ฿267.72 Million |
| 2008 | 23.19% | 13.29% | 0.74x | 2.36x | ฿271.40 Million |
| 2009 | 21.46% | 14.33% | 0.66x | 2.26x | ฿277.88 Million |
| 2010 | 22.04% | 14.45% | 0.60x | 2.52x | ฿320.85 Million |
| 2011 | -228.07% | -28.53% | 0.23x | 35.36x | ฿-1.73 Billion |
| 2012 | -125.13% | -65.57% | 0.20x | 9.68x | ฿-4.70 Billion |
| 2013 | -123.14% | -42.50% | 0.23x | 12.36x | ฿-3.03 Billion |
| 2014 | -63.97% | -28.26% | 0.47x | 4.81x | ฿-2.26 Billion |
| 2015 | 49.05% | 35.29% | 0.50x | 2.79x | ฿2.11 Billion |
| 2016 | 5.22% | 6.19% | 0.31x | 2.71x | ฿-254.39 Million |
| 2017 | -2.28% | -2.58% | 0.35x | 2.55x | ฿-597.78 Million |
| 2018 | -27.95% | -27.19% | 0.38x | 2.72x | ฿-1.37 Billion |
| 2019 | 3.53% | 2.67% | 0.60x | 2.20x | ฿-229.80 Million |
| 2020 | 6.03% | 5.02% | 0.63x | 1.90x | ฿-146.14 Million |
| 2021 | -10.99% | -7.68% | 0.65x | 2.19x | ฿-680.96 Million |
| 2022 | -6.22% | -4.35% | 0.66x | 2.15x | ฿-505.03 Million |
| 2023 | 5.92% | 4.18% | 0.64x | 2.21x | ฿-144.69 Million |
| 2024 | 6.13% | 4.06% | 0.69x | 2.20x | ฿-143.47 Million |
Industry Comparison
This section compares Thai Reinsurance Public Company Limited's net assets metrics with peer companies in the Insurance - Reinsurance industry.
Industry Context
- Industry: Insurance - Reinsurance
- Average net assets among peers: $1,367,878,321
- Average return on equity (ROE) among peers: 4.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thai Reinsurance Public Company Limited (THRE) | ฿4.07 Billion | 22.18% | 0.68x | $51.24 Million |
| Thaire Life Assurance Public Company Limited (THREL) | $1.37 Billion | 4.54% | 1.00x | $19.71 Million |
About Thai Reinsurance Public Company Limited
Thai Reinsurance Public Company Limited, together with its subsidiaries, provides non-life reinsurance products and services in Thailand. It operates through Conventional Products, Non-Conventional Products, and Other Service segments. The company offers reinsurance products, including motor, property, fire, industrial all risk, marine hull and cargo, liability, financial, personal accident, heal… Read more