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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
2) Unearned premium reserves
2023 2022
Thousand Thousand
Baht Baht
Beginning balance of the years 9,348,697 8,660,562
Premium written in the years 19,996,868 19,539,546
Earned premium in the years (19,711,533) (18,851,411)
Ending balance of the years 9,634,032 9,348,697
19 Amount due to reinsurance
2023 2022
Thousand Thousand
Baht Baht
Amount withheld on reinsurance 1,191,921 1,227,679
Due to reinsurance 1,550,398 1,383,445
Total 2,742,319 2,611,124
20 Employment benefit obligation
2023 2022
Thousand Thousand
Baht Baht
Statement of Financial Position
Short - term employee benefits 219,746 215,562
Long - term employee benefits 37,610 29,231
Retirement benefits 305,243 267,419
Employment benefit obligation 562,599 512,212
The movement in the defined retirement benefit obligation over the year is as follows:
2023 2022
Thousand Thousand
Baht Baht
Beginning balance of the years 267,419 239,975
The amount from transferred staff to related company - 204
Current service cost 17,838 15,781
Past service cost - -
Interest expense 5,437 3,624
Remeasurements :
Actuarial loss (gain) - financial assumptions 2,470 (2,370)
Actuarial loss - demographic assumptions 16,528 -
Losses from experiences 6,949 17,781
Less Benefit payment during the years (11,398) (7,576)
As at 31 December 305,243 267,419
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รายงานประจำาปี 2566 | ANNUAL REPORT 2023 | 167
