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Muang Thai Life Assurance Public Company LimitedNotes to the financial statements for the year ended 31 December 2024 (in thousand Baht) 13 Insurance contract liabilities Financial statements in which the equity method is applied and separate financial statements 2023 2024 Reinsurers%u2019 share of insurance contract liabilities Reinsurers%u2019 share of insurance contract liabilities Insurance contract liabilities Insurance contract liabilities Net NetNotes to the financial statements For the year ended 31 December 20245113 Insurance contract liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023 Insurance contract liabilitiesReinsurers%u2019 share of insurance contract liabilities Net Insurance contract liabilities Reinsurers%u2019 share of insurance contract liabilities Net (in thousand Baht)Long-term technical reserves 519,470,275 - 519,470,275 522,476,548 - 522,476,548Short-term technical reserves Loss reserves and outstanding claims - Case reserves 775,962 207,128 568,834 897,399 203,475 693,924- Incurred but not reported 637,035 195,007 442,028 353,969 107,963 246,006Total loss reserves and outstanding claims 1,412,997 402,135 1,010,862 1,251,368 311,438 939,930Unearned premium reserves 4,611,578 1,153,984 3,457,594 4,136,761 939,048 3,197,713Total short-term technical reserves 6,024,575 1,556,119 4,468,456 5,388,129 1,250,486 4,137,643Unpaid policy benefits 774,540 - 774,540 724,993 - 724,993Due to insured 933,842 - 933,842 711,804 - 711,804Total 527,203,232 1,556,119 525,647,113 529,301,474 1,250,486 528,050,988 Notes to the financial statements For the year ended 31 December 20245113 Insurance contract liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023 Insurance contract liabilitiesReinsurers%u2019 share of insurance contract liabilities Net Insurance contract liabilities Reinsurers%u2019 share of insurance contract liabilities Net (in thousand Baht)Long-term technical reserves 519,470,275 - 519,470,275 522,476,548 - 522,476,548Short-term technical reserves Loss reserves and outstanding claims - Case reserves 775,962 207,128 568,834 897,399 203,475 693,924- Incurred but not reported 637,035 195,007 442,028 353,969 107,963 246,006Total loss reserves and outstanding claims 1,412,997 402,135 1,010,862 1,251,368 311,438 939,930Unearned premium reserves 4,611,578 1,153,984 3,457,594 4,136,761 939,048 3,197,713Total short-term technical reserves 6,024,575 1,556,119 4,468,456 5,388,129 1,250,486 4,137,643Unpaid policy benefits 774,540 - 774,540 724,993 - 724,993Due to insured 933,842 - 933,842 711,804 - 711,804Total 527,203,232 1,556,119 525,647,113 529,301,474 1,250,486 528,050,988 Notes to the financial statements For the year ended 31 December 20245113 Insurance contract liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023 Insurance contract liabilitiesReinsurers%u2019 share of insurance contract liabilities Net Insurance contract liabilities Reinsurers%u2019 share of insurance contract liabilities Net (in thousand Baht)Long-term technical reserves 519,470,275 - 519,470,275 522,476,548 - 522,476,548Short-term technical reserves Loss reserves and outstanding claims - Case reserves 775,962 207,128 568,834 897,399 203,475 693,924- Incurred but not reported 637,035 195,007 442,028 353,969 107,963 246,006Total loss reserves and outstanding claims 1,412,997 402,135 1,010,862 1,251,368 311,438 939,930Unearned premium reserves 4,611,578 1,153,984 3,457,594 4,136,761 939,048 3,197,713Total short-term technical reserves 6,024,575 1,556,119 4,468,456 5,388,129 1,250,486 4,137,643Unpaid policy benefits 774,540 - 774,540 724,993 - 724,993Due to insured 933,842 - 933,842 711,804 - 711,804Total 527,203,232 1,556,119 525,647,113 529,301,474 1,250,486 528,050,988 Notes to the financial statements For the year ended 31 December 20245113 Insurance contract liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023 Insurance contract liabilitiesReinsurers%u2019 share of insurance contract liabilities Net Insurance contract liabilities Reinsurers%u2019 share of insurance contract liabilities Net (in thousand Baht)Long-term technical reserves 519,470,275 - 519,470,275 522,476,548 - 522,476,548Short-term technical reserves Loss reserves and outstanding claims - Case reserves 775,962 207,128 568,834 897,399 203,475 693,924- Incurred but not reported 637,035 195,007 442,028 353,969 107,963 246,006Total loss reserves and outstanding claims 1,412,997 402,135 1,010,862 1,251,368 311,438 939,930Unearned premium reserves 4,611,578 1,153,984 3,457,594 4,136,761 939,048 3,197,713Total short-term technical reserves 6,024,575 1,556,119 4,468,456 5,388,129 1,250,486 4,137,643Unpaid policy benefits 774,540 - 774,540 724,993 - 724,993Due to insured 933,842 - 933,842 711,804 - 711,804Total 527,203,232 1,556,119 525,647,113 529,301,474 1,250,486 528,050,988 Notes to the financial statements For the year ended 31 December 20245113 Insurance contract liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023 Insurance contract liabilitiesReinsurers%u2019 share of insurance contract liabilities Net Insurance contract liabilities Reinsurers%u2019 share of insurance contract liabilities Net (in thousand Baht)Long-term technical reserves 519,470,275 - 519,470,275 522,476,548 - 522,476,548Short-term technical reserves Loss reserves and outstanding claims - Case reserves 775,962 207,128 568,834 897,399 203,475 693,924- Incurred but not reported 637,035 195,007 442,028 353,969 107,963 246,006Total loss reserves and outstanding claims 1,412,997 402,135 1,010,862 1,251,368 311,438 939,930Unearned premium reserves 4,611,578 1,153,984 3,457,594 4,136,761 939,048 3,197,713Total short-term technical reserves 6,024,575 1,556,119 4,468,456 5,388,129 1,250,486 4,137,643Unpaid policy benefits 774,540 - 774,540 724,993 - 724,993Due to insured 933,842 - 933,842 711,804 - 711,804Total 527,203,232 1,556,119 525,647,113 529,301,474 1,250,486 528,050,988 Notes to the financial statements For the year ended 31 December 20245113 Insurance contract liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023 Insurance contract liabilitiesReinsurers%u2019 share of insurance contract liabilities Net Insurance contract liabilities Reinsurers%u2019 share of insurance contract liabilities Net (in thousand Baht)Long-term technical reserves 519,470,275 - 519,470,275 522,476,548 - 522,476,548Short-term technical reserves Loss reserves and outstanding claims - Case reserves 775,962 207,128 568,834 897,399 203,475 693,924- Incurred but not reported 637,035 195,007 442,028 353,969 107,963 246,006Total loss reserves and outstanding claims 1,412,997 402,135 1,010,862 1,251,368 311,438 939,930Unearned premium reserves 4,611,578 1,153,984 3,457,594 4,136,761 939,048 3,197,713Total short-term technical reserves 6,024,575 1,556,119 4,468,456 5,388,129 1,250,486 4,137,643Unpaid policy benefits 774,540 - 774,540 724,993 - 724,993Due to insured 933,842 - 933,842 711,804 - 711,804Total 527,203,232 1,556,119 525,647,113 529,301,474 1,250,486 528,050,988 Notes to the financial statements For the year ended 31 December 20245113 Insurance contract liabilities Financial statements in which the equity method is applied and separate financial statements 2024 2023 Insurance contract liabilitiesReinsurers%u2019 share of insurance contract liabilities Net Insurance contract liabilities Reinsurers%u2019 share of insurance contract liabilities Net (in thousand Baht)Long-term technical reserves 519,470,275 - 519,470,275 522,476,548 - 522,476,548Short-term technical reserves Loss reserves and outstanding claims - Case reserves 775,962 207,128 568,834 897,399 203,475 693,924- Incurred but not reported 637,035 195,007 442,028 353,969 107,963 246,006Total loss reserves and outstanding claims 1,412,997 402,135 1,010,862 1,251,368 311,438 939,930Unearned premium reserves 4,611,578 1,153,984 3,457,594 4,136,761 939,048 3,197,713Total short-term technical reserves 6,024,575 1,556,119 4,468,456 5,388,129 1,250,486 4,137,643Unpaid policy benefits 774,540 - 774,540 724,993 - 724,993Due to insured 933,842 - 933,842 711,804 - 711,804Total 527,203,232 1,556,119 525,647,113 529,301,474 1,250,486 528,050,988 184 %u0e23%u0e32%u0e22%u0e07%u0e32%u0e19%u0e1b%u0e23%u0e30%u0e08%u0e33%u0e33%u0e1b%u0e35%u0e35 2567 I %u0e1a%u0e23%u0e34%u0e34%u0e29%u0e31%u0e31%u0e17 %u0e40%u0e21%u0e37%u0e37%u0e2d%u0e07%u0e44%u0e17%u0e22%u0e1b%u0e23%u0e30%u0e01%u0e31%u0e31%u0e19%u0e0a%u0e35%u0e35%u0e27%u0e34%u0e34%u0e15 %u0e08%u0e33%u0e33%u0e01%u0e31%u0e31%u0e14 (%u0e21%u0e2b%u0e32%u0e0a%u0e19)