Press Releases

Thai Life Insurance Public Company Limited (TLI) reported its financial results for the first quarter of 2025, marking the company’s first reporting period under the new financial reporting standards, TFRS 17 and TFRS 9. The company posted a solid net profit of 2,683 million Baht, representing a net profit margin of 20.4%, while the Value of New Business (VONB) rose sharply by 39.5% year-on-year to 2,561 million Baht, driven by a product strategy focusing on long-term profitability.

Mr. Chai Chaiyawan, Director and Chief Executive Officer, stated that the VONB growth was mainly attributed to strong sales through the agency channel, particularly for health riders. This surge was largely due to rising consumer demand ahead of the industry’s implementation of co-payment measures. The agency channel continues to demonstrate strong capabilities in offering complex, high-value products. Meanwhile, the Annualized Premium Equivalent (APE) reached 3,718 million Baht, growing 26.3% year-on-year.

In the first quarter of 2025, net profit remained strong at 2,683 million Baht after the adoption of the new accounting standards, representing a net profit margin of 20.4%. Despite some impact from the reclassification of investment assets, insurance profit remained the main contributor, amounting to 2,428 million Baht.

Net profit, excluding extraordinary and market fluctuation items, totaled 2,752 million Baht, reflecting a 4.1% increase year-on-year. Investment profit, excluding extraordinary and market fluctuations items, also remained stable, consistent with the company’s investment strategy focused on sustainable returns that support long-term growth.

In late 2024, the company restructured its offshore equity investments, shifting from unit trusts to private funds. This change enables fair value measurement through Other Comprehensive Income (FVOCI) instead of recognizing unrealized gains or losses directly through net profit. The transition helps minimize the impact of short-term market volatility, allowing net profit under the new accounting standards to reflect sustainable investment returns, aligned with the company’s long-term investment strategy aimed at generating stable returns.

As of March 31, 2025, over 90% of the company’s total investment assets were allocated to investment-grade fixed income instruments, both domestically and internationally, demonstrating a well-diversified and risk-managed portfolio.

Capital position of the Company remains robust, with a Capital Adequacy Ratio (CAR) of 551%, well above the regulatory minimum of 140%. The Company also maintains strong credit ratings from Fitch Ratings, with an Insurer Financial Strength Rating (IFS) of A- and a National IFS Rating of AAA(tha), both with a stable outlook.

Beyond financial results, Thai Life continues to enhance various aspects of its operations in line with its aspiration to become a life solutions provider in health and financial planning. This includes the development of innovative products that meet the needs of every life stage, life event, and lifestyle of the Thai people, as well as improving service efficiency to deliver a seamless and satisfying customer experience.

The Company’s “Thai Life Insurance mobile application”, which serves over 1 million registered users, recently launched Live Chat feature to provide real-time customer support. The Company also introduced “Thai Life AI Chat” on its LINE Official Account, powered by Generative AI, to offer easily accessible product and service information to both existing and prospective customers.

Mr. Chai added, “At Thai Life Insurance, we are committed to be “a value-driven life insurance company of sustainability” that delivers long-term value to all stakeholders. We integrate ESG principles into our business practices and social initiatives. The company continues to support a wide range of shared value projects, including “One for Lives, a New Life for Child’s Congenital Heart Disease”, Thai Life Insurance: Enhancing Opportunities, Creating Career”, “Thai Life Insurance Sport Showcase”, “Thai Life Insurance Read for Life” and various community-based initiatives.

For environmental dimension, the company’s headquarters has been certified LEED (The Leadership in Energy and Environmental Design) Gold by the U.S. Green Building Council (USGBC) & Green Business Certification Institute (GBCI). The Company has also received ISO 14064-1:2018 certification for its greenhouse gas emissions

Furthermore, the Company has invested 25,831 million Baht in environmental, social, and sustainability-linked corporate bonds, accounting for 4.46% of its total investment portfolio in 2024, affirming Thai Life’s long-standing commitment to delivering value that truly benefits Thai society.