Page 122 - รายงานประจำปี 2566

Tokio Marine Safety Insurance (Thailand) Public Company Limited
Statement of Comprehensive Income
Tokio Marine Safety Insurance (Thailand) Public Company Limited
Statement of Comprehensive Income
For the year ended 31 December 2023
For the year ended 31 December 2023

2023 2022
Notes Thousand Baht Thousand Baht

Income

Gross written premium 5, 28 21,098,143 21,148,145
Less Ceded premium 28 (4,211,467) (3,915,594)

Net written premium 16,886,676 17,232,551
Less Increase in unearned premium reserve
from previous period (233,038) (641,795)

Net premium earned 16,653,638 16,590,756
Fee and commission income 28 1,110,279 1,166,525
Investment income 406,386 345,567
Gain from financial instruments 963 2,767
Gain from remeasurement of financial instruments 2,922 3,665
Other income 28 141,917 107,710

Total Income 18,316,105 18,216,990

Expenses

Change in long-term insurance liabilities 24,486 362,714
Gross claim 28 10,471,489 9,718,571
Less Claim recovered from reinsurers 28 (1,266,588) (919,250)

Net claim 9,204,901 8,799,321
Commissions and brokerages 28 3,378,527 3,353,200
Other underwriting expenses 28 1,864,027 2,067,335
Operating expenses 25, 28 1,351,019 1,177,048

Total expenses 15,822,960 15,759,618

Profit before income tax 2,493,145 2,457,372
Income tax expense 26 (494,070) (489,901)

Net profit for the period 1,999,075 1,967,471

The accompanying notes are an integral part of these financial statements.

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122 | รายงานประจำาปี 2566 | ANNUAL REPORT 2023