Thai Reinsurance Reports 40% Profit Growth Amid Central Thailand Flooding

According to a report by Prachachat Business, Thai Reinsurance Public Company Limited (THRE) has reported a net profit of 140 million baht for the first nine months of 2026, marking a 40% increase compared to the previous year. This financial performance was achieved despite the company having to set aside significant reserves to cover insurance claims resulting from recent flooding in Central Thailand. The company noted that its combined ratio rose to 95.3%, reflecting the impact of these claims. Additionally, gross written premiums saw a slight decline of 3%, totaling 3,917 million baht. For residents and travellers, this report highlights the ongoing economic impact of the recent flooding events on the insurance sector. While the company remains confident that its full-year performance will meet its established targets, the situation underscores the financial pressure placed on insurers by natural disasters in the region. It remains to be confirmed how future weather patterns might influence insurance premiums or coverage availability for individuals and businesses in affected areas. The company continues to monitor the situation as it works toward its annual financial goals.