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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

Directors and management’s remuneration

For the year ended 31 December 2023 and 2022, the Company had employee benefit expenses payable
to their directors and management as below.

2023 2022
Thousand Thousand
Baht Baht
Short-term employee benefits 78,519 66,519
Other long-term employee benefits 45 28
Post-employment benefit 2,672 944

Total 81,236 67,491

29 Securities placed with the Registrar and assets reserved with the Registrar

29.1 Securities placed with the Registrar

The Company’s investments in debt securities were pledged with the Registrar in accordance with
Section 19 of the Non-Life Insurance Act B.E. 2535 and the Non-Life Insurance Act (No. 2)
B.E. 2551 as follows:

2023 2022
Book value Face value Book value Face value
Thousand Thousand Thousand Thousand
Baht Baht Baht Baht
Government and state enterprise
bonds and Bank of Thailand bonds 15,027 15,000 15,034 15,000
Total 15,027 15,000 15,034 15,000

29.2 Assets reserved with the Registrar

The Company’s investments in debt securities were allocated to the reserve fund in accordance
with the Notification of the Office of Insurance Commission regarding “Rates, Rules and Procedures
for unearned premium reserve of Non-Life Insurance Company B.E.2558” as follows:

2023 2022
Book value Face value Book value Face value
Thousand Thousand Thousand Thousand
Baht Baht Baht Baht

Government and state enterprise
bonds and Bank of Thailand bonds 1,827,910 1,786,000 1,839,113 1,796,000

Total 1,827,910 1,786,000 1,839,113 1,796,000

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รายงานประจำาปี 2566 | ANNUAL REPORT 2023 | 177