3Q23 & 9M23 performance summary
Premiums and Business & Operation (K.Chaiyapol Inthuprabha - SVP, Corporate Strategy & Planning)
Key Highlights
Investments (K. Nattachai Rangpholsamrit, AVP - Equity Investment Department)
P&L and Key accounting change (K. Warnarajit Pinyojit - Head of Accounting Department)
Q&A
2
Agenda
3Q23 & 9M23 performance summary
Premiums and Business & Operation (K.Chaiyapol Inthuprabha - SVP, Corporate Strategy & Planning)
Key Highlights
Investments
P&L and Key accounting change
Q&A
3
3Q23 & 9M23 Performance summary
3Q23
3.55%
ROI
-44 bps YoY, -17bps QoQ
Due to lower realized gain
9M23
3.65%
ROI
(9M22: 4.07%)
Due to lower realized gain
645 MB
Net Profit
-32%YoY,-18%QoQ
From lower investment income
2,190 MB
Net Profit -25%YoY
From lower realized gain
378%
CAR
2Q23: 375%
378%
CAR
4Q22: 377%
4
9M23: Growth exceeds industry thanks to the Banca channel RYP is still in line with expectation.
3Q23
FYP
-14%
RYP +3%
TP
-0.1%
2,086
1,790
76%
74%
19%
20%
5%
6%
8,351 8,632
62%
63%
34%
33%
4%
4%
10,437 10,422
65%
65%
31%
31%
4%
4%
Unit : Million Baht
9M23
5BLA Market Shares
Industry Growth
3Q22
3Q23
+12%
5,311
4,751
69%
66%
25%
20%
11%
9%
9M22
9M23
4.1%
+6%
3Q22
3Q23
-6%
22,239 20,966
59%
56%
36%
38%
5%
6%
9M22
9M23
6.5%
+3%
3Q22 3Q23
-3%
26,990 26,277
60%
59%
34%
34%
6%
7%
9M22
9M23
5.8%
+4%
Bancassurance
Agent Channel
Others
Source : TLAA
Banca: FYP grew from rising sales of Endowment products
3Q23
Bancassurance
9M23
New Business Premium
-17%
Product Mix
New Business Premium
Product Mix
+17%
1,588
1,324
21%
26%
16%
69%
58%
3,659
3,122
30%
51%
27%
43%
Unit : Million Baht
Others
MRTA
Par
Endowment
10%
19%
30%
3Q22
3Q23
3Q22
3Q23
9M22
9M23
9M22
9M23
6
Agent : 9M23 FYP -10% YoY, but rider attachment increase to 29%
3Q23
Agent Channel
9M23
New Business Premium
-11%
394
350
Product Mix
4%
7%
4%
3%
30%
29%
10%
16%
16%
19%
New Business Premium
-10%
1,182
1,059
Product Mix
4%
6%
3%
4%
31%
30%
13%
11%
18%
18%
Unit : Million Baht
Unit-Linked
Pension & Others
Endowment
Par-Endowment
Par-WL
3Q22 3Q23
Riders Attachment
26%
36%
3Q22
3Q23
25%
31%
31%
31%
9M22
9M23
9M22
9M23
Riders Attachment
27%
29%
WL
7
9M23 Other channel : FYP +33%YoY
Group : Strong FYP growth + 36%YoY
Partnership : FYP +98% YoY
Online : FYP -37%YoY
Direct marketing : FYP -19%YoY
8
Agenda
3Q23 & 9M23 performance summary
Key Highlights
2.1 Investments (K. Nattachai Rangpholsamrit, AVP - Equity Investment Department)
2.3 P&L and Key accounting change
3 Q&A
9
Investment asset -1.1% QoQ from MTM & benefit payment
Allocation to Fixed income was stable QoQ, Equity/REIT changed from market price.
Asset Class
4Q22
2Q23
3Q23
Remark for movement
ST Investment
3.8%
1.1%
2.1%
Bonds
48.2%
50.2%
49.8%
MTM down of AFS assets
Debenture & Notes
31.7%
32.5%
31.8%
Total Fixed Income
83.7%
83.8%
83.7%
Equity
8.7%
8.9%
9.3%
Increase from price increase
REIT
4.1%
3.7%
3.3%
Lower allocation and price decline
Loan
3.5%
3.6%
3.7%
- Policy loan
2.9%
3.0%
3.1%
- Secured loan
0.6%
0.6%
0.6%
Total Investment Assets (MB)
333,164
318,835
315,267 Decrease from MTM and benefit payment
Foreign currencies account for 5.9% (-0.3% QoQ) of investment assets as of Sep 2023
Fixed income accounts for 3.2% (-0.2% QoQ) Equity 2.2% (flat QoQ) REIT 0.6% (-0.1% QoQ)
10
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Bangkok Life Assurance pcl published this content on 09 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 05:40:56 UTC.
Bangkok Life Assurance Public Company Limited is a Thailand-based company, which is principally engaged in life insurance services. The Company operates a life insurance business and provides comprehensive financial planning services to the general public. Its products include life insurance, general insurance, Bangkok Bank bancassurance products, mutual funds, and business loans. The Company sells its products through various channels in order to be able to access and provide suitable service to each group of customers, both sales channels through financial institutions and various partners through life insurance agents and financial advisors, and direct sales channels. It provides whole life insurance, pension, term life insurance, endowment insurance, unit-linked and rider contract. The Companyâs rider contract offers coverage, such as in the event of accidents, total permanent disability, health benefits, daily hospitalization compensation or critical illness.
BANGKOK LIFE ASSURANCE 
