TQR's profit jumps, national disaster insurance opens, and IPO nears
Q2 profit jumps 48%, first-half net profit 66.6 million baht TQR's second-quarter net profit rose 48% to 29.88 million baht, and first-half profit reached 66.59 million baht, up 25%. The reinsurance brokerage business expanded and cost management improved margins. Strong earnings support the stock because they show the core business is growing and profitable.
This is the period's first hard earnings result and the base for the stock's positive momentum.
National disaster insurance scheme approved, covering 30 million households The government approved a national catastrophe insurance system covering 30 million households against floods, storms and earthquakes. TQR, as a reinsurance broker, expects to manage part of this national risk, which could bring significant new revenue and lift second-half results to a record.
This is the biggest new demand driver this period and directly explains why TQR is in focus.
New products in EV, cyber, ESG and AI target megatrends TQR is developing reinsurance products for electric vehicles, cyber risks, ESG and AI-related risks, and is using AI in its own operations. These new areas open fresh demand beyond traditional insurance and support the company's goal of record revenue and continued growth into the third quarter.
Shows a second growth engine beyond the disaster scheme, supporting the long-term positive case.
IPO on mai set at 5.65 baht, listing 21 October 2026 TQR will sell 32 million new shares at 5.65 baht each and list on the mai market on 21 October 2026. The money raised will fund research, hiring and strategic investments. The listing raises TQR's profile and gives it capital to grow, though new shares also slightly dilute existing holders.
The IPO is a major new capital event that changes TQR's shareholder base and funding.