TQM Showcases Strong Q1 / 64 Performance – Post Today Insurance

TQM showcases strong Q1 / 64 performance.

On May 15, 2021 at 1:25 p.m.

TQM showcases Q1 / 64 performance, strong All Time High profits, reaching 202 million baht.

Dr. Unchalin Phannipa, President of TQM Corporation Public Company Limited or TQM, leading insurance and financial advisor. Disclosed overall operating results for the first quarter of 2021 that the company had a net profit of 201.7 million baht, an increase of 12.4% compared to the same period last year. Hit the all-time record (All Time High) following an increase in total income reaching 845.6 million baht, especially service income of 828.8 million baht, which came from almost all types of insurance sales, growing across all channels. COVID-19 insurance premiums were about 200 million baht, while online channels grew by leaps and bounds, the customer base hit 1.5 million, accounting for about 50% of the total customer base. After the epidemic of coronavirus disease 2019 (COVID-19) changed consumer behavior, turned to Work Form Home and online shopping. To avoid going out

At the same time, the company can manage costs and control expenses more efficiently. The cost and service expenses continued to decline 1.4% to 401.8 million baht due to the adoption of digital technology. To raise the level of efficiency and effectiveness in service work As a result, the Company was able to maintain a high Gross Profit Margin at 51.5% while administrative expenses were 189.6 million baht, resulting in Net Profit Margin in the Level 23.8%

Dr. Unchalin said that for the second half of 2021 continuous growth prospects, the second half of 2021 is confident that it will continue to set a new record. Pushing the overall picture of the year 2021, the strongest closed the sales target of 25,000 million baht, the benefits of COVID-19 insurance premiums continued to grow from the first quarter of 2021 that achieved about 200 million baht, supporting the whole picture of the year by over 1,000 million baht April 2021 achieved over 700 million baht, which is about 500 million baht higher than the average for the whole year 2020, most recently, the company has released a COVID-19 insurance product with vaccine allergy insurance. Which has a response that is better than expected

In addition, the company continues to develop a full segment of online insurance products to meet the needs and behaviors of New-normal consumers from offline to online. And turned to focus on insurance Especially health insurance From the strong design and development of online systems, the company is able to develop further products and services. To present at the same time as the situation Target audience And close work quickly

While progress In the case of investing in True Life Broker Company Limited, a leading life insurance broker group in Thailand With a customer base of over 500,000 and True Extra Broker Co., Ltd. estimates the year 2021, which has a total insurance premium of more than 1,000 million baht, total income of more than 200 million baht, net profit of more than 30% per year. this Which will be able to start recognizing income (Consolidate) within 3Q21, which is another important step in expanding the business into life insurance brokers. Ready to strengthen the insurance brokerage business Continue the puzzle of growing stronger Drive sales in 2021 to surpass the target of 25,000 million baht and reach 50,000 million baht by 2026.

“The results of the first quarter of 2020 can continue to be outstanding. In the midst of the COVID-19 epidemic that has suddenly changed consumer behavior. Avoid going out Many agencies focus on Work Form Home, an important part of the technology preparation. Able to support both sales and service work anywhere All the time full While personnel are ready to respond to and follow the Company’s policy, this will lead to a quick change in strategy and working style, ”said Dr. Unchalin.

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