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Thai (SET) Insurance Industry Analysis
UpdatedApr 07, 2026
DataAggregated Company Financials
Companies18
- 7D1.9%
- 3M5.4%
- 1Y10.8%
- YTD4.6%
In the last week, the Insurance industry is up 1.9%, with Thai Life Insurance up 2.9%. This means that the industry has gained 11% over the past year. As for the next few years, earnings are expected to grow by 5.7% per annum.
Industry Valuation and Performance
Has the Thai Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 07 Apr 2026 | ฿251.9b | ฿200.5b | ฿28.3b | 10.3x | 8.9x | 1.3x |
| Thu, 05 Mar 2026 | ฿245.2b | ฿199.5b | ฿26.9b | 10.5x | 9.1x | 1.2x |
| Sat, 31 Jan 2026 | ฿263.4b | ฿269.2b | ฿23.0b | 10.6x | 11.5x | 1x |
| Mon, 29 Dec 2025 | ฿233.0b | ฿269.2b | ฿23.0b | 10.5x | 10.1x | 0.9x |
| Wed, 26 Nov 2025 | ฿233.4b | ฿269.1b | ฿22.9b | 9.4x | 10.2x | 0.9x |
| Fri, 24 Oct 2025 | ฿247.1b | ฿265.6b | ฿21.7b | 11.2x | 11.4x | 0.9x |
| Sun, 21 Sep 2025 | ฿249.8b | ฿268.3b | ฿20.9b | 11.9x | 12x | 0.9x |
| Tue, 19 Aug 2025 | ฿242.7b | ฿268.4b | ฿20.8b | 11.9x | 11.7x | 0.9x |
| Thu, 17 Jul 2025 | ฿236.6b | ฿264.4b | ฿18.7b | 11.2x | 12.6x | 0.9x |
| Sat, 14 Jun 2025 | ฿229.7b | ฿264.4b | ฿18.7b | 10.9x | 12.3x | 0.9x |
| Mon, 12 May 2025 | ฿251.6b | ฿267.5b | ฿22.3b | 9.6x | 11.3x | 0.9x |
| Wed, 09 Apr 2025 | ฿228.0b | ฿267.8b | ฿22.6b | 8.9x | 10.1x | 0.9x |
| Fri, 07 Mar 2025 | ฿256.4b | ฿268.3b | ฿22.6b | 9.7x | 11.3x | 1x |
| Sun, 02 Feb 2025 | ฿243.2b | ฿261.8b | ฿20.5b | 10.9x | 11.9x | 0.9x |
| Tue, 31 Dec 2024 | ฿261.1b | ฿261.8b | ฿20.5b | 11.9x | 12.7x | 1x |
| Thu, 28 Nov 2024 | ฿254.7b | ฿261.8b | ฿20.5b | 11.4x | 12.4x | 1x |
| Sat, 26 Oct 2024 | ฿270.9b | ฿263.8b | ฿20.4b | 10.9x | 13.3x | 1x |
| Mon, 23 Sep 2024 | ฿243.7b | ฿263.8b | ฿20.4b | 10.4x | 11.9x | 0.9x |
| Wed, 21 Aug 2024 | ฿217.0b | ฿263.9b | ฿20.5b | 9.6x | 10.6x | 0.8x |
| Fri, 19 Jul 2024 | ฿221.3b | ฿262.8b | ฿20.2b | 10.4x | 11x | 0.8x |
| Sun, 16 Jun 2024 | ฿223.8b | ฿262.8b | ฿20.2b | 10.8x | 11.1x | 0.9x |
| Tue, 14 May 2024 | ฿253.2b | ฿258.5b | ฿20.4b | 11.5x | 12.4x | 1x |
| Thu, 11 Apr 2024 | ฿247.2b | ฿258.2b | ฿20.0b | 10.7x | 12.4x | 1x |
| Sat, 09 Mar 2024 | ฿251.0b | ฿258.2b | ฿20.0b | 11x | 12.6x | 1x |
| Mon, 05 Feb 2024 | ฿246.0b | ฿268.9b | ฿16.2b | 10.8x | 15.2x | 0.9x |
| Wed, 03 Jan 2024 | ฿260.2b | ฿268.9b | ฿16.2b | 11.9x | 16x | 1x |
| Fri, 01 Dec 2023 | ฿260.7b | ฿268.9b | ฿16.2b | 12.4x | 16.1x | 1x |
| Sun, 29 Oct 2023 | ฿283.4b | ฿265.6b | ฿16.9b | 13.8x | 16.8x | 1.1x |
| Tue, 26 Sep 2023 | ฿326.2b | ฿265.6b | ฿16.9b | 16.4x | 19.3x | 1.2x |
| Thu, 24 Aug 2023 | ฿294.5b | ฿265.6b | ฿16.9b | 14.1x | 17.5x | 1.1x |
| Sat, 22 Jul 2023 | ฿298.5b | ฿269.1b | ฿15.9b | 18.4x | 18.8x | 1.1x |
| Mon, 19 Jun 2023 | ฿334.0b | ฿269.1b | ฿15.9b | 18.6x | 21.1x | 1.2x |
| Wed, 17 May 2023 | ฿317.4b | ฿269.6b | ฿14.5b | 15.4x | 21.9x | 1.2x |
| Fri, 14 Apr 2023 | ฿328.2b | ฿271.2b | -฿14,503,187,083.00 | 15.5x | -22.6x | 1.2x |
Price to Earnings Ratio
-22.6x
Current Industry PE
- Investors are pessimistic on the Thai Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.9x which is lower than its 3-year average PE of 12.1x.
- The 3-year average PS ratio of 0.98x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- Total earnings for the Insurance industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 9.6% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Thai Financials industry?
| TH Market | 0.51% | |
| Financials | 0.61% | |
| Insurance | 1.95% | |
| Insurance Brokers | 6.44% | |
| Life and Health Insurance | 2.23% | |
| Property and Casualty Insurance | 1.17% | |
| General Insurance | 0% | 0 |
| Reinsurance | -2.09% | |
Industry PE
- Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 16.5x.
- Analysts are expecting annual earnings growth of 5.2%, which is higher than its past year's earnings decline of 4.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 5.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 20% per year.
- In contrast, the Insurance Brokers industry is expected to see its earnings grow by 5.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TLI Thai Life Insurance | ฿10.70 | 2.9% +฿3.4b | 2.9% | PE10.3x | |
| BKIH BKI Holdings | ฿333.00 | 3.7% +฿1.2b | 22.0% | PE11.3x | |
| TQM TQM Alpha | ฿13.50 | 9.8% +฿710.8m | 7.1% | PE10.9x | |
| BLA Bangkok Life Assurance | ฿20.80 | 2.0% +฿683.0m | 30.0% | PE5.1x | |
| MTI Muang Thai Insurance | ฿15.40 | 2.0% +฿177.0m | 41.3% | PE9.5x |