Year 2007

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BOARD OF DIRECTORS AND BOARD OF DIRECTORS PROFILE Mr. Chai Sophonpanich Chairman Education - B.Sc., University of Colorado, U.S.A. - Advanced Management Program, the Wharton School, 1984 - The Joint State - Private Sectors Class 6, The National Defence College of Thailand - Directors Certifcation Program (DCP) Class 16/2002, Thai Institute of Directors Association - Chairman 2000 Class 10/2004, Thai Institute of Directors Association Work Experiences - President, Bangkok Insurance Public Co., Ltd. (1976 - present) - Chairman, Bangkok Insurance Public Co., Ltd. (1978 - present) - Chairman, Bumrungrad Hospital Public Co., Ltd. (1979 - present) - Chairman, Charoong Thai Wire & Cable Public Co., Ltd. (1986 - present) - Chairman, Furukawa Metal (Thailand) Public Co., Ltd. (1988 - present) - Vice Chairman, Thai Reinsurance Public Co., Ltd. (1978 - present) - Director, Bangkok Life Assurance Co., Ltd. (1968 - present) - Director, The General Insurance Association (1972 - present) - President, The General Insurance Association (1984, 1985, 1989, 1990, 1997 - 2000, 2005 - 2006) - Chairman, The Federation of Thai Insurance Organization (2006 - present) - President, The East Asian Insurance Congress (1985, 1986, 2005, 2006) - Chairman, Asean Insurance Council, Jakarta (1987, 1988) - Chairman, Asean Reinsurance Corp., Ltd., Singapore (1988 - 1992) Mr. Plengsakdi Prakaspesat Independent Director and Chairman of the Audit Committee Education - Graduate in Commerce from Ross College (Dublin), Ireland - Ph.D. (Honoraris Causa) on Mass Communication, Ramkhamhaeng University - Ph.D. (Honoraris Causa) on Arts, Rajabhat Institute Lampang - Certificate of the Course for Top Executives, The Association for Overseas Technical Scholarship (AOTS), Japan - The Joint State - Private Sectors Class 1, The National Defence College of Thailand - Directors Accreditation Program (DAP) Class 27/2003, Thai Institute of Directors Association - The Characteristics of Effective Directors Class 1/2006, Thai Institute of Directors Association - Certificate of Attendance Audit Committee Program (ACP) Class 17/2007, Thai Institute of Directors Association Work Experiences - Honorary Chairman, Asia Pacific Potash Corporation Ltd. (1984 - 2006) - Corporate Chairman, MC. Industrial Chemical Co., Ltd. (1997 - 2005) - Adviser, MC. Industrial Chemical Co., Ltd. (2005 - present) - Vice Chairman, United Flour Mill Public Co., Ltd. (1980 - 2001) - Adviser, United Flour Mill Public Co., Ltd. (2001 - present) - Senior Adviser, Thai Central Chemical Public Co., Ltd. (1997 - present) - Independent Director and Member of the Audit Committee, ACL Bank Public Co., Ltd. (2005 - present) - Member of the Corporate Governance Committee, ACL Bank Public Co., Ltd. (2007 - present) - Audit Committee, Bangkok Insurance Public Co., Ltd. (1999 - 2005) - Independent Director, Bangkok Insurance Public Co., Ltd. (1999 - present) - Director of Remuneration & Nomination Committee, Bangkok Insurance Public Co., Ltd. (2004 - 2005) - Chairman of the Audit 34 Committee, Bangkok Insurance Public Co., Ltd. (2005 - present) Mr. Singh Tangtaswas Independent Director and Chairman of Remuneration & Nomination Committee Education - B.A. (Economics), Thammasat University - M.B.A. (Finance), Wharton School of Finance and Commerce, University of Pennsylvania - Certificate of Management Development Program, Wharton School - Certificate of Executive Development Program, Harvard Business School - Directors Certification Program (DCP) Class 0/2000, Thai Institute of Directors Association Work Experiences - President, Krung Thai Bank Public Co., Ltd. (1999 - 2001) - Adviser, Corporate Governance Center, The Stock Exchange of Thailand (2002 - present) - Director and Chairman of the Audit Committee, Thai Optical Group Public Co., Ltd. (2004 - present) - Director, TWZ Corporation Public Co., Ltd. (2005 - present) - Executive Director, Bangkok Bank Public Co., Ltd. (2005 - present) - Managing Director, Bangkok Bank Public Co., Ltd. (2006 - present) - Independent Director and Chairman of Remuneration & Nomination Committee, Bangkok Insurance Public Co., Ltd. (2004 - present)
Miss Potjanee Thanavaranit Independent Director and Audit Committee Education - B.B.A. (Accounting), Chulalongkorn University - M.B.A., Syracuse University, U.S.A. - Advanced Course in General Insurance, Swiss Insurance Training Center, Switzerland - Advanced Management Program, Australian Management College, Australia - Executive Development Program, Office of the Civil Service Commission - National Defence College, Class 42 - Directors Certification Program (DCP) Class 17/2002, Thai Institute of Directors Association - The Role of The Chairman Program (RCP) Class 13/2006, Thai Institute of Directors Association Work Experiences - Deputy Director General, Department of Insurance, Ministry of Commerce (1994 - 1999) - Inspector - General, Ministry of Commerce (1999 - 2001) - Director - General, Department of Insurance, Ministry of Commerce (2001 - 2006) - Second Vice - President of the National Legislative Assembly (October 2006 - March 2008) - Council of State (Group 3 - Monetary Laws) (present) - Economic Adviser, Council for National Security (September 2006 - January 2008) - Adviser, Ministry of Commerce (October 2006 - January 2008) - Member of the Monetary Policy Board, The Bank of Thailand (present) - Chairperson, Thailand Insurance Institute (2002 - 2007) - Qualified Committee, The Federation of Thai Insurance Organization (present) - Sub - Commissioner, the Sub - Commission on the Development and Promotion of Public Organization and other Organizations under Governmental Supervision, the Public Sector Development Commission (present) - Director, Thai Reinsurance Public Co., Ltd. (present) - Chairperson (Independent Director), Audit Committee and Chairperson Compensation & Nominating Sub - Committee, Univentures Public Co., Ltd. (present) - Independent Director and Audit Committee, Bangkok Insurance Public Co., Ltd. (2007 - present) Dr. Areepong Bhoocha-oom Independent Director and Audit Committee Education - Ph.D. Finance, University of Mississippi, U.S.A. - M.B.A. Finance, Marshall University, U.S.A. - B.S. International Management, Boston University, U.S.A. - Directors Certification Program (DCP) Class 3/2000, Thai Institute of Directors Association - Government Debt Monitoring System, World Bank - Global Trend and Public Enterprise Reform, Harvard University, U.S.A. - Awareness, Vision, Imagination, Responsibility, Action (AVIRA), INSEAD Work Experiences - Director - General, Bureau of State Enterprises and Government Securities, Ministry of Finance (2001 - 2002) - Deputy Director - General, State Enterprises Policy Office, Ministry of Finance (2002 - 2007) - Director, State Enterprises Policy Office, Ministry of Finance (2007 - present) - Director, Airport of Thailand Public Co., Ltd. (2002 - 2007) - Director, Ratchaburi Electricity Generating Co., Ltd. (2000 - 2007) - Director, Ratchaburi Electricity Generating Holding Public Co., Ltd. (2000 - present) - Independent Director and Audit Committee, Bangkok Insurance Public Co., Ltd. (November 2007 - present) 35 Mr. Thira Wongjirachai Independent Director and Director of Remuneration & Nomination Committee Education - B. Eng., Linnan University - Directors Accreditation Program (DAP) Class 51/2006, Thai Institute of Directors Association Work Experiences - Director, Micro Fiber Industry Co., Ltd. (present) - Independent Director, Bangkok Insurance Public Co., Ltd. (1993 - present) - Director of Remuneration & Nomination Committee, Bangkok Insurance Public Co., Ltd. (2004 - present)
Page 3 and 4: CONTENTS FINANCIAL HIGHLIGHTS MESSA
Page 5 and 6: 2007 2006 Change 2007 For The Year
Page 7 and 8: The year 2008, therefore, is anothe
Page 9 and 10: In 2007, the Company developed a nu
Page 11 and 12: Marketing and Competition in 2007 F
Page 13 and 14: Nevertheless, there are still many
Page 15 and 16: 2. Underwriting Risks Thailand has
Page 17 and 18: 6.2 Interest Rate Risk As at Decemb
Page 19 and 20: Active Care Uniform Care Service Un
Page 21 and 22: (Baht : million) 2007 2006 Change N
Page 23 and 24: The net investment income in 2007 w
Page 25 and 26: to industrial all risks insurance.
Page 27 and 28: Investments in non-listed securitie
Page 29 and 30: INVESTMENTS IN SECURITIES Investmen
Page 31: THREE YEARS REVIEW (Baht’000) 200
Page 36 and 37: Mr. Suvarn Thansathit Independent D
Page 38 and 39: MANAGEMENT COMMITTEE AND MANAGEMENT
Page 40 and 41: Miss Pagamas Charusathien Senior Vi
Page 42 and 43: Mr. Boonkird Chirapathama Senior Vi
Page 44 and 45: FIRST VICE PRESIDENT AND VICE PRESI
Page 46 and 47: ASSISTANT VICE PRESIDENT 1. Mr. Cha
Page 48 and 49: SOCIAL ACTIVITIES IN 2007 Continuin
Page 50 and 51: Scholarship Grants to Poor Students
Page 52 and 53: REPORT OF THE AUDIT COMMITTEE The B
Page 54 and 55: REPORT ON THE BOARD OF DIRECTOR’S
Page 56 and 57: BALANCE SHEETS As at December 31, 2
Page 58 and 59: INCOME STATEMENTS Financial stateme
Page 60 and 61: INCOME STATEMENTS Separate financia
Page 62 and 63: STATEMENTS OF CHANGES IN SHAREHOLDE
Page 64 and 65: STATEMENTS OF CASH FLOWS For the ye
Page 66 and 67: 4. Significant Accounting Policies
Page 68 and 69: 4.9 Unearned premium reserve Unearn
Page 70 and 71: Investments in debt securities as a
Page 72 and 73: 7.2 Summarised financial informatio
Page 74 and 75: (Baht’000) 2007 2006 Investments
Page 76 and 77: 12. Intangible Assets (Baht’000)
Page 78 and 79: 18. Basic Earnings Per Share Basic
Page 80 and 81: Foreign Currency Risk The Company
Page 82 and 83: Debtors, overdue under 3 months, fo
Page 84 and 85:
FINANCIAL RATIO 2007 2006 2005 Fina
Page 86 and 87:
SHAREHOLDING IN OTHER COMPANIES Inv
Page 88 and 89:
THE MANAGEMENT Management Structure
Page 90 and 91:
Name Position No. Of Attendance/ An
Page 92 and 93:
The Management Committee is made up
Page 94 and 95:
SHAREHOLDINGS STRUCTURE Breakdown o
Page 96 and 97:
Shareholding of Management Committe
Page 98 and 99:
PRINCIPLES OF GOOD CORPORATE GOVERN
Page 100 and 101:
For every shareholder’s meeting,
Page 102 and 103:
Customers The Company offers variou
Page 104 and 105:
4.3 Role and Duty Performance of th
Page 106 and 107:
(4) The Company’s Secretary The C
Page 108 and 109:
- The Use of Insider Information In
Page 110 and 111:
5.5 Procedure on the Determination
Page 112 and 113:
North Eastern Region: Khon Kaen 345
Page 114:
LINES OF BUSINESS Fire & Allied Lin
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Year 2007

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