Thai Life Insurance
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Thai Life Insurance - overview
Established
1942
Location
Bangkok, -, Thailand
Primary Industry
Insurance
About
Thai Life Insurance is a leading provider of insurance solutions in Thailand, offering diverse products such as life, health, and retirement insurance designed to enhance financial security for individuals and families. Founded in 1942, Thai Life Insurance operates from its headquarters in Bangkok, Thailand. The company provides life insurance solutions and has engaged in a significant business deal in November 2022, when Meiji Yasuda Life Insurance acquired an additional 2% stake for approximately JPY 14. 0 billion, marking a continued partnership.
The company has raised a total of JPY 14. 0 billion across its funding activities, with its most recent funding round being the LP Direct. ไทยประกันชีวิต offers a comprehensive range of insurance products tailored to various customer needs throughout different life stages. Their main offerings include life insurance, health insurance, retirement plans, and investment-linked insurance.
These products are designed to provide financial security and peace of mind, addressing specific needs such as retirement savings and health-related expenses. Their clientele spans individuals, families, and businesses throughout key urban centers in Thailand, with ongoing strategies to expand into other ASEAN regions. For the fiscal year 2023, Thai Life Insurance reported a revenue of JPY 3,093,567,366 and an EBITDA of JPY 345,567,365. 5, reflecting the company's solid operational performance driven primarily by direct-to-consumer channels and partnerships with financial institutions.
Thai Life Insurance plans to expand its product offerings with new insurance solutions aimed at addressing emerging customer needs, with launches expected in the coming years. The company is also focused on geographic expansion into additional ASEAN markets, supported by the investment from Meiji Yasuda Life Insurance, which will provide further growth opportunities. The recent investment will enable Thai Life Insurance to enhance its capabilities and market presence, allowing it to serve a broader customer base effectively.
Current Investors
Meiji Yasuda Life Insurance
Primary Industry
Insurance
Sub Industries
Consulting Services, Personal Insurance, Life Insurance
Website
www.thailife.com
Total Amount Raised
Subscriber access only
Thai Life Insurance - timeline of key events
Thai Life Insurance - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|
| Revenue (USD) | 106,986,690,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - |
| EBITDA (USD) | 9,988,722,000 | - | - | - |
| Operating Income (USD) | 9,988,722,000 | - | - | - |
| Operating Margin | 9.3% | - | - | - |
| % EBITDA Margin | 9.3% | - | - | - |
| NET Income (USD) | 7,692,322,000 | - | - | - |
| % Net Margin | 7.2% | - | - | - |
Thai Life Insurance - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Thai Life Insurance | - |
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Thai Life Insurance - employee data
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