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

INCOME STATEMENTS
Financial Statements in which the equity method is applied
For the years ended December 31, 2009 and 2008
(Baht’000)
Fire
Marine
Underwriting Income
Premium Written (Note 9) 1,531,761 420,991
Less Premium Ceded (Note 9) 367,866 186,617
Net Premium Written 1,163,895 234,374
Less
Increase (Decrease) in Unearned Premium
Reserve from Previous Year 99,031 (5,698)
Total Underwriting Income 1,064,864 240,072
Underwriting Expenses
Losses Incurred During the Year 335,451 62,677
Commissions and Brokerages 257,885 19,149
Other Underwriting Expenses 128,761 40,704
Total Underwriting Expenses 722,097 122,530
Income on Underwriting 342,767 117,542
Investment Income
Interest and Dividends Income (Note 9)
Gains (Losses) on Sales of Securities
Less
Investment Expenses
Reversal of (Allowance for) Impairment of Investments
Income on Investments
Share of Income from Associates (Note 8)
Other Income
Gains on Sales of Assets
Others
Total Income on Underwriting and Investments
Operating Expenses
Personnel Expenses
Premise and Equipment Expenses
Taxes and Duties
Bad Debt and Doubtful Accounts
Directors’ Remuneration (Note 19)
Other Operating Expenses
Total Operating Expenses
Income Before Income Tax
Less
Corporate Income Tax
Net Income for the Year
Basic Earnings Per Share (Note 20)
Net Income
The accompanying notes are an integral part of the financial statements.
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