Page 36 - TGIA_AnnualReport2023_EN
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Thai General Insurance Association
         36 Annual Report 2023





            Profit ratio from underwriting


                In 2023, the underwriting profit ratio was 7.4%, an increase from -25.0% in the previous year due to the decrease
            in the claims ratio from 88.4% to 55.5%, while the expense ratio slightly decreased to 27.9% and the cost ratio of net
            wages and commissions increased from 8.7% to 9.2%.




























































            Source: Office of Insurance Commission (OIC)
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