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Tokio Marine Safety Insurance (Thailand) Public Company Limited
Notes to the Financial Statements

Tokio Marine Safety Insurance (Thailand) Public Company Limited
For the year ended 31 December 2023
Notes to the Financial Statements
For the year ended 31 December 2023

11 Amount due from reinsurance

2023 2022
Thousand Thousand
Baht Baht

Due from reinsurers 977,921 1,062,258

Amount due from reinsurance 977,921 1,062,258
Less Allowance for doubtful accounts (38,001) (1,221)

Amount due from reinsurance, net 939,920 1,061,037

The balance of due from reinsurers is classified by aging as follows:

2023 2022
Thousand Thousand
Baht Baht

Not yet due 559,481 748,657
Not over 12 months 382,936 293,886
1 - 2 years 57,629 17,004
Over 2 years 1,608 2,711
Total reinsurance premium receivable 1,001,654 1,062,258
Less Due to reinsurer with setoff arrangement (23,733) -
Less Allowance for doubtful account (38,001) (1,221)

Total due from reinsurers 939,920 1,061,037

12 Financial assets - Debt instruments

The details of investment in securities as at 31 December 2023 and 2022 are as follows:
Fair value
2023 2022
Thousand Thousand
Baht Baht
Debt instruments designated at fair value through
other comprehensive income
Government and state enterprise promissory notes 336,823 504,621
Private enterprise debt securities 9,352,030 8,114,547
Total debt instruments designated at fair value through
other comprehensive income 9,688,853 8,619,168

Debt instruments designated at fair value through
profit or loss
Unit trust 1,112,995 733,985

Total debt instruments designated at fair value through
profit or loss 1,112,995 733,985

152 | รายงานประจำาปี 2566 | ANNUAL REPORT 2023 35