We aim to be the most preferred non-life insurer in Thailand

We aim to be the most preferred non-life insurer in Thailand
We develop and update our website constantly in order
to provide fully integrated services to customers.
Thus, customers have the greater convenience and
ease in purchasing insurance and making premium
payments online through our website anytime, anywhere.
INVESTMENT INCOME
The Company’s investment portfolio at 2009 year-end had increased by Baht 1,328.7 million, or 14.6 percent, to
Baht 10,452.6 million. The Baht 4,666.7 million fixed income investment accounted for 44.7 percent of the total investment portfolio,
while the remaining Baht 5,785.9 million, or 55.3 percent, was invested in both listed and unlisted common stocks.
Fixed income investments consisted of deposits at commercial banks, saving deposits, promissory notes, and government
bonds and monetary notes. Deposits with commercial banks rose by Baht 184.9 million, or 24.5 percent, from the previous year to
Baht 939.8 million, or 9.0 percent of the total investment portfolio. Saving deposits were Baht 89.0 million. Promissory notes of Baht
463.2 million, representing 4.4 percent of the total investment portfolio, increased by 90.5 percent. Government bonds and
monetary notes rose by 64.2 percent from the previous year to Baht 775.2 million, or 7.4 percent of the total investment portfolio.
In addition, the Company’s mortgaged loans with real estate as collateral decreased by 7.5 percent to Baht 2,431.7 million,
representing 23.3 percent of the total investment portfolio.
In 2009, the Company’s investments in listed securities rose by Baht 354.3 million, or 10.6 percent, to Baht 3,707.2 million,
or 35.5 percent of the total investment portfolio, compared to 2008. The Company chose to invest in fundamentally sound stocks
and focused on long-term investments. It believed that in the long run the stocks’ sound fundamentals would lead to their
appropriate prices and help avoid price fluctuation.
Investments in non-listed securities increased by Baht 272.7 million to Baht 764.6 million, representing 7.3 percent of the
total investment portfolio. They were regarded as strategic investments in order to generate business relationships with others and
support the Company’s business transactions.
The investment capital in associated companies rose by 0.3 percent to Baht 119.0 million, or 1.1 percent of the total
investment portfolio, the increase stemming from the acknowledgement of income in those associated companies. It was
shareholding that ranged from 20.0 percent and over, and comprised overseas investments. This was aimed at enhancing an
opportunity to make business transactions with foreign companies. Those associated companies had growth potential, with a high
rate of turnover, and were able to pay a dividend.
Furthermore, investments in listed real estate funds amounted to Baht 506.7 million, or 4.8 percent of the total investment
portfolio. Similarly, investments in funds investing in debt securities increased by 43.8 percent to Baht 489.2 million, or 4.7 percent
of the total investment portfolio, while investments in funds investing in non-marketable equity securities totalled Baht 199.1 million,
representing 2.0 percent of the total investment portfolio.
Net investment incomes in 2009 amounted to Baht 656.4 million. They comprised Baht 168.5 million from the interest
(a decrease of 5.6 percent due to reduced rates of interest in 2009); Baht 1.1 million from loan fees (an increase of Baht 1.0 million,
or 1,000.0 percent, from 2008); Baht 399.9 million from dividends (a decrease of Baht 53.1 million, or 11.7 percent, which was
mainly due to Bangkok Life Assurance Public Company Limited’s payment of extra dividends totalling Baht 51.2 million in 2008,
and regular payment in 2009, causing a total amount of dividends in 2009 to diminish); Baht 72.4 million profit from stocks and
assets sale (a rise of 434.4 percent); Baht 103.9 million from rents and services (a decrease of 4.7 percent), and Baht 2.3 million of
profit share from investments in associated companies (a reduction of 22.3 percent). In 2009, the Company’s investment expenses
rose by 6.0 percent to Baht 78.7 million.
At 2009 year-end, the SET index closed at 734.54, an increase of 284.58, or 63.2 percent, from 2008, which closed at
449.96, resulting in the Company’s having a surplus on revaluation of investments in stocks in the SET totalling Baht 6,925.9 million,
a rise of Baht 4,057.9 million, or 141.5 percent, over 2008.
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