TVH profit doubles, expands into travel cover, joins national disaster scheme
First-half profit more than doubled TVH's first-half 2569 profit rose 102% and insurance service operations grew over 34%, helped by more sales channels, better products and data-driven underwriting. Strong earnings give investors more confidence in the company and support the share price.
This is the core earnings result that shows the business is growing fast and profitably.
Buys 25.1% of Thoon Insurance for travel cover TVH paid 60.24 million baht for a 25.1% stake in Thoon Insurance, a travel insurance specialist. This widens its non-motor business and partner network, giving it a new source of growth beyond its core motor insurance.
A concrete investment that expands TVH into a new insurance market and adds future earnings potential.
Joins national catastrophe insurance pool TVH's insurance arm is one of 11 companies in the government-backed disaster scheme covering 30 million homes, with a 15.5 billion baht premium pool. This brings new policy volume and shows TVH is a trusted industry player.
A new government programme that directly adds premium demand for TVH and its peers.
Floods raise claims and hit insurance shares Widespread floods pushed insurance stocks down, with TVH falling the most, 7.02%. The regulator ordered claims paid within seven days, so payouts will pressure fourth-quarter results. This is a real near-term drag on profit.
The main counterweight: flood claims will cost TVH money and already hurt its share price.