Thailand is experiencing increasingly frequent natural disasters, including earthquakes and major floods in the south, causing significant damage to the population. Meanwhile, insurance businesses, serving as risk management tools, have attracted more attention. But how much did Thailand's non-life insurance companies grow in the first quarter of 2026?
Starting with Mueang Thai Insurance Public Company Limited (MTI) In the first quarter of 2026, MTI reported insurance revenue of 4,905.96 million baht, up 3.41% year-on-year (YoY), mostly from motor insurance of 2,642.36 million baht and other insurance of 2,263.59 million baht. Net investment income was 138.25 million baht, increasing 12.49% YoY, with a quarterly profit of 272.12 million baht, up 42.69% YoY.
Next, Tip Group Holdings Public Company Limited (TIPH) TIPH disclosed its Q1 2026 performance, reporting net profit of 352.9 million baht, a 23.7% YoY increase. This was driven by its core business, Tip Insurance Public Company Limited, which posted net profit of 333.8 million baht, up 18.2% YoY. The company also benefited from restructuring into a holding company.
TIPH also recognized increased net profits from subsidiaries and associates, including profit sharing from Tip Life Insurance Public Company Limited, an associate, following additional investment by Tip IB Company Limited (a subsidiary) since Q3 2025. Additionally, Insureverse Public Company Limited showed growth and reported net profit for the first time.
Meanwhile, BKI Holdings Public Company Limited (BKIH) In Q1 2026, BKIH reported insurance revenue of 8,203.10 million baht, up 0.7% YoY. Net insurance service expenses rose 0.5% YoY to 7,874.9 million baht. Net investment income was 1,006.7 million baht, up 122.5% YoY, while net profit was 1,153.7 million baht, increasing 101.9% YoY.
Finally, Thai Vivat Holdings Public Company Limited (TVH) TVH's Q1 2026 financial report showed insurance revenue of 1,944.7 million baht, up 3.3% YoY, mainly from motor insurance totaling 1,557.8 million baht and other insurance at 386.9 million baht, particularly health insurance, which continued to grow as consumers increasingly plan their health coverage.
The company reported net investment income of 91.5 million baht, a 648.5% YoY increase (compared to a loss of 16.7 million baht the previous year), resulting in a net profit of 216.7 million baht for Q1 2026, up 158.6% YoY.
Data referenced from SET, MTI, BKIH, TIPH, and TVH.
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