Staff Reporter
,
Thailand
/Marc Mintel from Unsplash
Total income climbed 5.3% YoY, whilst net premiums jumped 5.6% YoY.
Thailand’s general insurance industry saw its total income jump 5.3% year-on-year (YoY) to ฿172.4b ($4.89b), a much better performance than last year’s ฿163.8b ($4.62b).
Written premiums jumped 6.1% YoY to ฿220.6b ($6.25b), whilst net written premiums rose 5.6% YoY to ฿155.5b ($4.41b). Following this trend, total expenses fell 26.5% YoY to ฿159.2b ($4.51b), versus the ฿216.5b ($6.13b) last year.
This led to a net profit of ฿14.5b ($410m), opposite last year’s ฿40.5b ($1.15b) loss.
(฿1.00 = $0.028)
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