Message from the Chairman and CEO.

Over the past year, the global economy continued to face challenges arising from geopolitical uncertainties, climate change, and cybersecurity risks. Meanwhile, Thailand’s economy in 2024 experienced gradual growth, supported by a recovery in the tourism and export sectors. However, the automobile market remained under pressure due to challenges in loan approvals, which, in turn, has constrained the growth of the non-life insurance industry.

Despite these challenges, TQM maintained steady growth throughout 2024. We recorded total revenue of Baht 3,991.3 million, reflecting a 6.2% increase, with a net profit of Baht 861.9 million, marking a 0.3% growth. Our net profit margin remained strong at 21.6%. Furthermore, we delivered outstanding returns within the industry, achieving a return on assets (ROA) of 15.4% and a return on equity (ROE) of 25.6%.

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