The Company operates by holding shares in other companies (Holding Company) with businesses as follows: 1. Insurance broker business, which is a core business, divided into Non-life insurance broker businesses: TQM Insurance Brokers Co., Ltd., TJN Insurance Brokers Co., Ltd., and True Extra Brokers Co., Ltd. Life insurance broker businesses: TQM Life Insurance Broker Co., Ltd. and True Life Brokers Co., Ltd., and Reinsurance broker business: TQR Public Company Limited. The supporting business includes TO 2020 Co., Ltd. (overseas investment), Casmatt Co., Ltd. (IT and software services), TQC Co., Ltd. (health insurance/accident claims management services) and My Group Intelligent Co., Ltd. (invest in other companies, including businesses related to logistics agents). 2. Financial business, consisting of Easy Lending Co., Ltd. (personal loan business), Cashnow Plus Co., Ltd. (secured loan business) and Strong Solutions Co., Ltd. (provide debt management services). 3. Technology platform business, including Insurance platform: SureKrub.com Co., Ltd. and TQD Co., Ltd. and construction platform: Builk One Group Co., Ltd.
| 6M25 | 6M24 | 2024 | 2023 |
|---|
| Revenues | 2,076.88 | 2,068.22 | 3,991.26 | 3,756.82 |
| Expenses | 1,540.12 | 1,485.76 | 2,864.66 | 2,652.43 |
| Net Profit (Loss) | 392.60 | 421.70 | 810.87 | 816.27 |
| Assets | 5,672.69 | 6,226.75 | 5,704.04 | 5,459.40 |
| Liabilities | 2,275.33 | 2,932.01 | 2,248.91 | 2,185.33 |
| Shareholders' Equity | 2,849.78 | 2,738.37 | 2,882.16 | 2,714.49 |
| Operating | 555.88 | -371.53 | 462.59 | 775.64 |
| Investing | 75.55 | 178.35 | 282.75 | -239.94 |
| Financing | -688.26 | 297.88 | -617.88 | -377.68 |
| EPS (Baht) | 0.65 | 0.70 | 1.35 | 1.36 |
| GP Margin (%) | 48.95 | 51.04 | 50.64 | 52.90 |
| NP Margin (%) | 19.93 | 21.63 | 21.59 | 22.88 |
| D/E Ratio (x) | 0.67 | 0.89 | 0.65 | 0.67 |
| ROE (%) | 27.98 | 31.63 | 28.98 | 30.89 |
| ROA (%) | 18.38 | 21.27 | 20.39 | 21.41 |
The Company has a long-term goal of 5 years to create growth both from existing businesses and new ventures. The aim is to achieve growth in new businesses that keep pace with the main business, expanding new ventures in finance and technology platforms to generate revenue in proportions close to the insurance brokerage, which is the core business. There are plans to list outstanding subsidiary companies on the stock market.
The Company operates under a philosophy of honesty, integrity, excellent service, and giving back to society, focusing on being a trusted advisor to customers rather than just an insurance broker. It adheres to sustainable policies in ESG, aligning with the United Nations' Sustainable Development Goals.
As an insurance broker, the Company's primary responsibility is sourcing and presenting valuable products for customers, considering after-sales services and managing relationships with partner insurers. By offering high-quality sales channels, the Company achieves sales targets and fosters long-term mutual growth, operating under the strict supervision of the Office of the Insurance Commission (OIC). [More]
Insurance business - Motor insurance segment continues to grow, driven by an improving renewal rate and an expanding customer base. Meanwhile, non-motor insurance, such as home insurance, have gained significant traction following recent natural disasters, reflecting a consumer awareness of risk management. This year, Company also plans to enter life and health insurance markets, which are expected to become key growth drivers in the future.
Financial business - Growing through effective risk management, with a focus on low-risk loan products and strategic business partnerships.
Technology platform business - Focused on broadening the customer base and supporting the growth of both the insurance and financial services segments.
Total revenue in 1H25 was 2,077 MB, compared to 2,068 MB in 1H24, increasing by 0.4%. The overall economic conditions have had an impact, while motor insurance, TQM’s core product, has continued to grow from a high renewal rate and customer base expansion strategies.
Cost of services was 1,036 MB, increasing by 4.9%.
Administrative expenses were 504 MB, increasing by 1.3%. This was due to the use of sales promotion and public relations budgets to drive sales growth.
Gross profit was 994 MB, changing by 3.6%.
Net Profit was 414 MB, changing by 7.4%. Net profit attributable to the parent company was 393 MB, showing a 6.9% change.
On 13 August 2025, the Board of Directors’ meeting No. 4/2568 approved the interim dividend payment from the financial statements of 1 January to 30 June 2025 of Baht 0.50 per share, up to 600 million shares, totaling not more than Baht 300 million. The dividend payment date set for 9 September 2025.
The Company's risk management system involves identifying, assessing, responding to, monitoring, and reporting various risks, including compliance risks, business risks such as major partners and recruitment of skilled personnel with licenses, risks associated with shifts in consumer behavior, and competitive conditions. It also addresses risks from alterations in insurance company policies, reputational risks, information technology system risks, and environmental, social, and governance (ESG) concerns.
- Received awards from the Office of Insurance Commission (OIC) since 2012, including Outstanding Corporate Insurance Broker Promoting Insurance Policies for Public Award, and Outstanding Corporate Life Insurance Broker Award
- Outstanding CEO Awards from SET in 2021 and 2024
- Thailand’s Top Corporate Brands 2021 - 2023
- Thailand Top Awards 2022 - Best Customer Experience Award
- Certified with ISO/IEC 27001:2022
- Listed on the list of SET ESG Ratings with "A" rating and achieved CG Score at “Excellent” level from 2020 to 2024
- Scored 100/100 on the AGM checklist by the Thai Investors Association from 2021 to 2025
| as of 30/06/25 | TQM | INSUR | SET |
|---|---|---|---|
| P/E (X) | 10.74 | 10.32 | 14.76 |
| P/BV (X) | 2.85 | 0.87 | 1.03 |
| Dividend yield (%) | 6.52 | 5.53 | 4.39 |
| 30/06/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 8,820.00 | 15,300.00 | 17,250.00 |
| Price (B/Share) | 14.70 | 25.50 | 28.75 |
| P/E (X) | 10.74 | 17.97 | 21.34 |
| P/BV (X) | 2.85 | 5.63 | 6.80 |
