TQR Public Company Limited

TQR Public Company Limited, or TQR, disclosed that it is still gathering detailed information on the national catastrophe insurance programme, after the government began providing coverage from 1 October 2026 to 30 September 2027. It views the government's support and establishment of a risk-distribution mechanism as an important development for the country, and one that may help raise its capacity to absorb catastrophe risk closer to international standards. Under the programme, the government purchases insurance on behalf of the public, covering 30 million households nationwide, with protection against floods, windstorms and earthquakes. A total of 11 insurance companies are participating, five of which are listed on the Thai stock exchange: TIPH, BKIH, MTI, TVH, THRE and TQR. Meanwhile, ASL Securities views the programme as positive for the insurance sector in terms of premium growth and expanding insurance penetration, and recommends gradually accumulating TIPH, KTB and BBL. TIPH is the standout stock, benefiting directly through Thip Insurance, which has the opportunity to take on new premiums and build them into recurring premium income if the government renews the programme next year. KTB and BBL, meanwhile, gain indirect positive sentiment.

TQR expects total revenue in 2026 to reach a new record high, following the government's approval in principle of establishing a national disaster insurance system that covers approximately 30 million households against floods, windstorms, and earthquakes. As a reinsurance broker, the company will participate in managing national-level risks. Additionally, TQR is promoting reinsurance business in electric vehicles, cyber, ESG, and personal accident, which will support growth this year. The information was disclosed at an Opportunity Day event after the release of Q2 2026 results.

TQR expects its second-half performance to hit a new high following the government's approval in principle of establishing a national disaster insurance system, which will protect around 30 million households from floods, storms, and earthquakes. As a specialized reinsurance broker, the company will play a role in managing national-level risks. Meanwhile, reinsurance for EV, Cyber, ESG, and PA categories continues to drive revenue to new records. This information was disclosed at a recent Opportunity Day event.

TQR Quality Organization received the Outstanding Corporate Non-Life Insurance Broker Award for 2025 from the Office of the Insurance Commission (OIC), reflecting its leadership as a comprehensive reinsurance broker operating professionally, while leveraging technology and AI to develop products and services to drive the industry sustainably. Meanwhile, WHAUP reported net profit of 532 million baht for Q2/2026, up 276%, driven by growth in water sales in Thailand and Vietnam and the recovery of the Gheco-One power plant, which has returned to full operation. GUNKUL is jointly developing the Laguna Lake Floating Solar project, the largest floating solar project in ASEAN, located in the Philippines, expanding its renewable energy base from Japan, Vietnam, and Malaysia into the high-potential Philippine market.

TQR views the national catastrophe insurance project as a significant opportunity, as damage from natural disasters could reach tens of billions of baht, exceeding the capacity of the domestic insurance system. Therefore, it is necessary to spread risk through reinsurance to foreign markets, with TQR ready to act as an intermediary manager. CEO Chanaphan Piriyaphan stated that this project covers 30 million households against three perils: floods, storms, and earthquakes, with maximum compensation of 100,000 baht per household and 2,000,000 baht per death case. He also highlighted the concept that risk is opportunity, developing new products such as reinsurance for electric vehicles, cyber, and Active Assailant. Meanwhile, he is confident that revenue will continue to hit new highs, and negotiations with 2-3 partners are underway, with clarity expected soon.

Mr. Chanaphan Phiriyaphan, Chief Executive Officer of TQR Public Company Limited (TQR), revealed that the business outlook for the third quarter of 2026 remains positive, driven by its general reinsurance brokerage and reinsurance brokerage for jointly developed channels and new products. The company focuses on developing new products with leading insurance companies, as well as continuously applying AI technology to product development and service delivery to cater to current and future mega trends. It assesses that demand for insurance and reinsurance continues to flow in, stemming from increased risk management needs of the public and private sectors and citizens, amid challenges from severe and frequent natural disasters, economic uncertainty, geopolitical tensions, and new risks arising from technological changes. Meanwhile, the government's push for natural disaster insurance projects will be another key factor supporting the growth of the insurance and reinsurance industry, providing TQR with more opportunities to play a role in risk management. Mrs. Yuparet Phiriyaphan, Deputy Chief Executive Officer, stated that reinsurance lines expected to support revenue targets include ESG-related reinsurance for solar energy projects, which is growing in line with the sustainable business trend, and electric vehicles (EV) due to higher EV adoption. Cyber reinsurance, both corporate and personal, is an important product given the increasing cybersecurity risks across businesses and industries. Additionally, personal accident and health reinsurance is significant as Thailand becomes a fully aged society and consumers increasingly prioritize health. The partnership with business allies includes AlphaSec Company Limited, a joint venture in which TQR holds a 30% stake, aiming to develop cybersecurity, cyber risk management, and business resilience solutions to become a leader in digital trust in the ASEAN region. Meanwhile, TQR continues to collaborate with TQM Alpha Public Company Limited (TQM) to develop insurance products and risk management solutions covering all customer segments, including home, health, cyber, and auto insurance. For the second quarter of 2026 performance, the company reported a net profit of 29.88 million baht, up 48.07% year-on-year, and total revenue of 75.26 million baht, up 15.24% year-on-year. For the first six months of 2026, total revenue was 161.80 million baht, up 9.51% year-on-year, and net profit was 66.59 million baht, up 25.20% year-on-year. The board of directors has approved an interim dividend payment in cash at 0.203 baht per share, totaling 46.69 million baht, with the record date set for August 25, 2026, and payment date on September 4, 2026.

The Cabinet has approved a national disaster insurance system covering 30 million households, with the government subsidizing premiums totaling 15.5 billion baht per year. The coverage amounts to 75 billion baht in damages annually. Analysts indicate that THRE and TQR will benefit, while banks and real estate sectors gain indirectly.

TQR reported second quarter 2026 net profit up 48.07 percent from the same period last year, and its board approved an interim cash dividend of 0.203 baht per share, with the XD date on 24 August 2026 and payment on 4 September 2026. Thai Eastern Group Holdings received a perfect score of 100 points at the excellent level for the third consecutive year in the 2026 annual general meeting quality assessment. Supalai received a perfect score of 100 points at the excellent level for the fourteenth consecutive year. Samo Thong Group posted second quarter 2026 revenue up 2.48 percent to 3.52 billion baht. North East Rubber announced an interim cash dividend of 0.05 baht per share, with the XD date on 20 August and payment on 4 September.

The board of TQR Public Company Limited has approved an interim cash dividend of 0.203 baht per share, totaling 46.69 million baht. The record date for shareholders entitled to receive the dividend is 25 August 2026, with payment on 4 September 2026. The announcement came alongside the release of second-quarter 2026 results, in which the company posted a net profit of 29.88 million baht, up 48.07 percent from the same period last year, and total revenue of 75.26 million baht, an increase of 15.24 percent, driven by both traditional and new-channel reinsurance brokerage. For the first six months of 2026, total revenue reached 161.80 million baht and net profit was 66.59 million baht, up 9.51 percent and 25.20 percent respectively.

GULF reported record-breaking second-quarter 2026 results, with total revenue of 50.294 billion baht, up 24%, and profit of 12.332 billion baht, up 74% from the same period last year. TQR announced second-quarter 2026 profit exceeding 29.88 million baht, up 48.07%, marking a new consecutive high, while the board approved an interim cash dividend of 0.203 baht per share, payable on 4 September 2026. Meanwhile, SA launched a special offer, "Live free, no installments for 3 years," for the Siamese Holm Phahon–Vibhavadi and Siamese Blossom Phahon–Vibhavadi projects, with additional discounts and privileges until 31 August 2026.