Reported Earnings • May 17
First quarter 2026 earnings released: ฿0.14 loss per share (vs ฿0.16 loss in 1Q 2025) First quarter 2026 results: ฿0.14 loss per share (improved from ฿0.16 loss in 1Q 2025). Revenue: ฿565.0m (down 21% from 1Q 2025). Net loss: ฿89.0m (loss narrowed 12% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 38% per year. Announcement • Feb 26
Thaire Life Assurance Public Company Limited, Annual General Meeting, Apr 28, 2026 Thaire Life Assurance Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time. Location: at the victor club at sathorn square, 8th floor, sathorn square office tower, north sathorn road, bangrak, bangkok, Thailand Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.023 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.023 in 3Q 2024). Revenue: ฿34.9m (down 98% from 3Q 2024). Net income: ฿6.92m (down 52% from 3Q 2024). Profit margin: 20% (up from 0.9% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Nov 10
Now 20% overvalued Over the last 90 days, the stock has fallen 5.8% to ฿1.13. The fair value is estimated to be ฿0.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 24
Now 20% overvalued Over the last 90 days, the stock has fallen 6.6% to ฿1.14. The fair value is estimated to be ฿0.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 08
Now 20% overvalued Over the last 90 days, the stock has fallen 4.2% to ฿1.14. The fair value is estimated to be ฿0.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Board Change • Sep 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. MD & Director Vipon Vorasowharid was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.10 loss in 2Q 2024) Second quarter 2025 results: EPS: ฿0.02 (up from ฿0.10 loss in 2Q 2024). Revenue: ฿540.8m (up 2.8% from 2Q 2024). Net income: ฿9.44m (up ฿73.4m from 2Q 2024). Profit margin: 1.7% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 04
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to ฿1.17. The fair value is estimated to be ฿0.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 14
First quarter 2025 earnings released: ฿0.16 loss per share (vs ฿0.14 loss in 1Q 2024) First quarter 2025 results: ฿0.16 loss per share (further deteriorated from ฿0.14 loss in 1Q 2024). Net loss: ฿100.8m (loss widened 16% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 11
Now 22% overvalued Over the last 90 days, the stock has fallen 24% to ฿1.29. The fair value is estimated to be ฿1.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 26
Full year 2024 earnings released Full year 2024 results: Revenue: ฿4.53b (up 34% from FY 2023). Net loss: ฿84.6m (down 236% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ฿1.54b (up 72% from 3Q 2023). Net income: ฿14.4m (down 52% from 3Q 2023). Profit margin: 0.9% (down from 3.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.052 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.02 (down from ฿0.052 in 2Q 2023). Revenue: ฿919.6m (up 13% from 2Q 2023). Net income: ฿13.3m (down 59% from 2Q 2023). Profit margin: 1.4% (down from 4.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
Thaire Life Assurance Public Company Limited Announces Retirement of Sutti Rajitrangson as Chief Executive Officer Thaire Life Assurance Public Company Limited announced the retirement of Mr. Sutti Rajitrangson from his position as Chief Executive Officer, effective July 1, 2024, as per his request. Mr. Sutti Rajitrangson will continue to serve as a Director's (non-executive director), Director of Enterprise Risk Management Committee, and Director of Investment Committee, effective from July 1, 2024. Reported Earnings • May 16
First quarter 2024 earnings released: ฿0.14 loss per share (vs ฿0.024 loss in 1Q 2023) First quarter 2024 results: ฿0.14 loss per share (further deteriorated from ฿0.024 loss in 1Q 2023). Revenue: ฿896.1m (up 23% from 1Q 2023). Net loss: ฿87.1m (loss widened 494% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Apr 27
Thaire Life Assurance Public Company Limited Approves Annual Dividend for the Year 2023, Payable on May 24, 2024 Thaire Life Assurance Public Company Limited announced that at its AGM held on April 26, 2024, approved the appropriation of profits for the 2023 annual dividend payment in the amount of THB 53,000,000 at the rate of THB 0.0863934 per share, according to the company's dividend payment policy. The dividend payment shall be derived from 2023 net profit after deduction of corporate income tax at the rate of 20%. The dividend will be paid to the company's shareholders whose names appear on the record date fixed on 7 May 2024 for determining the rights of shareholders to receive dividend. The payment would be made on May 24, 2024. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. MD & Director Vipon Vorasowharid was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 22
Dividend of ฿0.07 announced Shareholders will receive a dividend of ฿0.07. Ex-date: 3rd May 2024 Payment date: 1st January 1970 Dividend yield will be 3.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 23% to shift the payout ratio to a potentially unsustainable range, which is less than the 25% EPS decline seen over the last 5 years. Announcement • Feb 21
Thaire Life Assurance Public Company Limited Announces Board Changes The Board of Director' Meeting of Thaire Life Assurance Public Company Limited No.1/2024 held on February 19, 2024 resolved the meeting's resolutions in the following manners: The change of which shall take an effect as of 19 February 2024. The audit committee is consisted of: Chairman of the audit committee Mrs. Komkai Thusaranon remaining term in office 1 year 2 months, Member of the audit committee Mrs. Kittiya Todhanakasem remaining term in office - year 2 months, Member of the audit committee Mr. Nophadon Ruengchinda remaining term in office - year 2 months and Secretary of the audit committee Miss Phanida Arkad-Amnuay. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: ฿0.10 (vs ฿0.25 in FY 2022) Full year 2023 results: EPS: ฿0.10 (down from ฿0.25 in FY 2022). Revenue: ฿3.38b (up 13% from FY 2022). Net income: ฿62.1m (down 59% from FY 2022). Profit margin: 1.8% (down from 5.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 18% per year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿2.08, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 11x in the Insurance industry in Thailand. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿1.93, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 12x in the Insurance industry in Thailand. Total loss to shareholders of 35% over the past three years. Buy Or Sell Opportunity • Jan 19
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to ฿1.93. The fair value is estimated to be ฿2.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 11%. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿2.30, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 12x in the Insurance industry in Thailand. Total loss to shareholders of 22% over the past three years. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.05 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.05 (in line with 3Q 2022). Revenue: ฿893.4m (up 14% from 3Q 2022). Net income: ฿30.3m (flat on 3Q 2022). Profit margin: 3.4% (down from 3.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿2.92, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 15x in the Insurance industry in Thailand. Total returns to shareholders of 25% over the past three years. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: ฿0.053 (vs ฿0.066 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.053 (down from ฿0.066 in 2Q 2022). Revenue: ฿811.8m (up 12% from 2Q 2022). Net income: ฿32.3m (down 20% from 2Q 2022). Profit margin: 4.0% (down from 5.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jul 04
Thaire Life Assurance Public Company Limited Appoints Vipon Vorasowharid as Managing Director Thaire Life Assurance Public Company Limited announced that at the board meeting held on May 8, 2023 approved the appointment Mr. Vipon Vorasowharid as Managing Director, under employment agreement, effective from July 1, 2023 onwards. Meanwhile, Mr. Sutti Rajitrangson will continue to carry on his duties as President of the company. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿3.88, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 19x in the Insurance industry in Thailand. Total returns to shareholders of 72% over the past three years. Reported Earnings • May 12
First quarter 2023 earnings released: ฿0.02 loss per share (vs ฿0.12 profit in 1Q 2022) First quarter 2023 results: ฿0.02 loss per share (down from ฿0.12 profit in 1Q 2022). Revenue: ฿727.4m (up 2.5% from 1Q 2022). Net loss: ฿14.7m (down 121% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿5.10, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 16x in the Insurance industry in Thailand. Total returns to shareholders of 116% over the past three years. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: ฿0.26 (vs ฿0.16 in FY 2021) Full year 2022 results: EPS: ฿0.26 (up from ฿0.16 in FY 2021). Revenue: ฿2.99b (up 6.9% from FY 2021). Net income: ฿153.1m (up 55% from FY 2021). Profit margin: 5.1% (up from 3.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿5.05, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 23x in the Insurance industry in Thailand. Total returns to shareholders of 61% over the past three years. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Kittiya Todhanakasem was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: ฿0.07 (vs ฿0.062 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.07 (up from ฿0.062 in 2Q 2021). Revenue: ฿722.8m (down 2.2% from 2Q 2021). Net income: ฿40.2m (up 8.5% from 2Q 2021). Profit margin: 5.6% (up from 5.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Kittiya Todhanakasem was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: ฿0.12 (vs ฿0.047 in 1Q 2021) First quarter 2022 results: EPS: ฿0.12 (up from ฿0.047 in 1Q 2021). Revenue: ฿709.6m (up 31% from 1Q 2021). Net income: ฿70.1m (up 150% from 1Q 2021). Profit margin: 9.9% (up from 5.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Kittiya Todhanakasem was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 17% share price gain to ฿5.85, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 20x in the Insurance industry in Thailand. Total returns to shareholders of 20% over the past three years. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.16 (down from ฿0.20 in FY 2020). Revenue: ฿2.80b (up 20% from FY 2020). Net income: ฿98.5m (down 19% from FY 2020). Profit margin: 3.5% (down from 5.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 22% share price gain to ฿3.90, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 21x in the Insurance industry in Thailand. Total loss to shareholders of 32% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.063 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿789.1m (up 28% from 3Q 2020). Net income: ฿20.8m (down 45% from 3Q 2020). Profit margin: 2.6% (down from 6.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ฿2.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Insurance industry in Asia. Total loss to shareholders of 59% over the past three years. Reported Earnings • May 08
First quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.048 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿543.7m (up 1.2% from 1Q 2020). Net income: ฿28.1m (down 1.6% from 1Q 2020). Profit margin: 5.2% (down from 5.3% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 15% share price gain to ฿3.92, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 16.8x. This compares to an average P/E of 24x in the Insurance industry in Thailand. Total return to shareholders over the past three years is a loss of 53%. Reported Earnings • Feb 24
Full year 2020 earnings released: EPS ฿0.20 (vs ฿0.32 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.33b (down 2.4% from FY 2019). Net income: ฿121.4m (down 38% from FY 2019). Profit margin: 5.2% (down from 8.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 23
New 90-day high: ฿3.74 The company is up 24% from its price of ฿3.02 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ฿3.44 The company is up 33% from its price of ฿2.58 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ฿3.36 The company is up 50% from its price of ฿2.24 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 19% share price gain to ฿3.02, the stock is trading at a trailing P/E ratio of 20.4x, up from the previous P/E ratio of 17.2x. This compares to an average P/E of 25x in the Insurance industry in Thailand. Total return to shareholders over the past three years is a loss of 70%. Is New 90 Day High Low • Nov 20
New 90-day high: ฿2.80 The company is up 36% from its price of ฿2.06 on 21 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 9.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ฿0.06 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿614.1m (down 2.6% from 3Q 2019). Net income: ฿37.7m (down 46% from 3Q 2019). Profit margin: 6.1% (down from 11% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 39% per year. Is New 90 Day High Low • Nov 02
New 90-day high: ฿2.78 The company is up 17% from its price of ฿2.38 on 04 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: ฿2.62 The company is up 6.0% from its price of ฿2.48 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 5.0% over the same period.