Thaire Life Assurance PCL 2024 IR
The report highlights Thaire Life Assurance PCL's (THREL) business performance and sustainability initiatives for the fiscal year 2024. In 2024, the company achieved reinsurance premiums of THB 4,559 million, representing a 32% increase from the previous year, driven primarily by health and group insurance growth. Despite this growth, THREL experienced a net loss of THB 85 million due to rising medical cost inflation and increased claims. On the ESG front, the company maintained its 'A' level in the SET ESG Ratings for the third consecutive year and received an 'Excellent' corporate governance rating for the eighth consecutive year. Additionally, THREL relocated to a new strategic office in Bangkok and prepared its systems for the implementation of the new IFRS 17 accounting standards.
Company: Thaire Life Assurance PCL
Sector: Financials
Country: Thailand
Year: 2024
Type: IR
Pages: 190
Thaire Life Assurance PCL
One Report
The report highlights Thaire Life Assurance PCL's (THREL) business performance and sustainability initiatives for the fiscal year 2024. In 2024, the company achieved reinsurance premiums of THB 4,559 million, representing a 32% increase from the previous year, driven primarily by health and group insurance growth. Despite this growth, THREL experienced a net loss of THB 85 million due to rising medical cost inflation and increased claims. On the ESG front, the company maintained its 'A' level in the SET ESG Ratings for the third consecutive year and received an 'Excellent' corporate governance rating for the eighth consecutive year. Additionally, THREL relocated to a new strategic office in Bangkok and prepared its systems for the implementation of the new IFRS 17 accounting standards.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English, Thai
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees