Thai Life Insurance PCL
Thai Life Insurance Public Company Limited provides life insurance products and services in Thailand. The company offers basic ordinary life insurance, including endowment, whole life, term life, and annuity insurance products; investment-linked insurance products, such as universal life and unit-linked insurance products; and industrial life insurance. It also provides insurances for life after … Read more
Thai Life Insurance PCL (TLI) - Net Assets
Latest net assets as of September 2025: ฿160.80 Billion THB
Based on the latest financial reports, Thai Life Insurance PCL (TLI) has net assets worth ฿160.80 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿666.09 Billion) and total liabilities (฿505.29 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿160.80 Billion |
| % of Total Assets | 24.14% |
| Annual Growth Rate | -13.04% |
| 5-Year Change | 44.68% |
| 10-Year Change | N/A |
| Growth Volatility | 30.88 |
Thai Life Insurance PCL - Net Assets Trend (2016–2024)
This chart illustrates how Thai Life Insurance PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thai Life Insurance PCL (2016–2024)
The table below shows the annual net assets of Thai Life Insurance PCL from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿112.54 Billion | +7.61% |
| 2023-12-31 | ฿104.58 Billion | +6.64% |
| 2022-12-31 | ฿98.07 Billion | +13.46% |
| 2021-12-31 | ฿86.43 Billion | +11.11% |
| 2020-12-31 | ฿77.79 Billion | +10.47% |
| 2019-12-31 | ฿70.41 Billion | +15.46% |
| 2018-12-31 | ฿60.98 Billion | +3.94% |
| 2017-12-31 | ฿58.68 Billion | -82.95% |
| 2016-12-31 | ฿344.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thai Life Insurance PCL'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 grown by 156.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿75.60 Billion | 67.17% |
| Other Components | ฿36.94 Billion | 32.83% |
| Total Equity | ฿112.54 Billion | 100.00% |
Thai Life Insurance PCL Competitors by Market Cap
The table below lists competitors of Thai Life Insurance PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flight Centre Travel Group Ltd
AU:FLT
|
$1.18 Billion |
|
Dongguan Yiheda Automation Co. Ltd.
SHE:301029
|
$1.18 Billion |
|
Biohaven Pharmaceutical Holding Co Ltd
NYSE:BHVN
|
$1.18 Billion |
|
HUTCHMED (CHINA) LS-1
F:H7T2
|
$1.18 Billion |
|
C*Core Technology Co Ltd
SHG:688262
|
$1.18 Billion |
|
Brederode SA
BR:BREB
|
$1.18 Billion |
|
Shenzhen Batian Ecotypic Engineering Co Ltd
SHE:002170
|
$1.18 Billion |
|
ChengDu Hi-Tech Development Co Ltd
SHE:000628
|
$1.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Life Insurance PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 104,579,362,000 to 112,538,294,000, a change of 7,958,932,000 (7.6%).
- Net income of 11,682,088,000 contributed positively to equity growth.
- Dividend payments of 5,724,159,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,727,444,000.
- Other factors increased equity by 5,728,447,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿11.68 Billion | +10.38% |
| Dividends Paid | ฿5.72 Billion | -5.09% |
| Other Comprehensive Income | ฿-3.73 Billion | -3.31% |
| Other Changes | ฿5.73 Billion | +5.09% |
| Total Change | ฿- | 7.61% |
Book Value vs Market Value Analysis
This analysis compares Thai Life Insurance PCL'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: 1.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.23x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿4.66 | ฿10.40 | x |
| 2017-12-31 | ฿5.12 | ฿10.40 | x |
| 2018-12-31 | ฿5.75 | ฿10.40 | x |
| 2019-12-31 | ฿664.28 | ฿10.40 | x |
| 2020-12-31 | ฿7.34 | ฿10.40 | x |
| 2021-12-31 | ฿8.15 | ฿10.40 | x |
| 2022-12-31 | ฿8.93 | ฿10.40 | x |
| 2023-12-31 | ฿9.13 | ฿10.40 | x |
| 2024-12-31 | ฿9.83 | ฿10.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Life Insurance PCL 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): 10.38%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.72%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 5.34x
- Recent ROE (10.38%) is below the historical average (10.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 12.02% | 6.41% | 0.27x | 7.02x | ฿997.47 Million |
| 2017 | 12.11% | 7.27% | 0.25x | 6.54x | ฿1.24 Billion |
| 2018 | 11.00% | 6.66% | 0.24x | 6.84x | ฿610.78 Million |
| 2019 | 9.63% | 6.25% | 0.24x | 6.50x | ฿-263.99 Million |
| 2020 | 9.89% | 7.16% | 0.22x | 6.35x | ฿-86.22 Million |
| 2021 | 9.71% | 7.68% | 0.20x | 6.17x | ฿-249.60 Million |
| 2022 | 9.45% | 8.65% | 0.19x | 5.67x | ฿-541.76 Million |
| 2023 | 9.28% | 8.97% | 0.19x | 5.48x | ฿-751.28 Million |
| 2024 | 10.38% | 10.72% | 0.18x | 5.34x | ฿428.26 Million |
Industry Comparison
This section compares Thai Life Insurance PCL's net assets metrics with peer companies in the Insurance - Life industry.
No peer company data available for comparison.