expense over earned premium moreover increased from 58.1 % in the same period last year to 63.5% this year because the term and condition of compulsory motor policies had been adjusted in accordance with

three-month period ended September 30, 2019 is THB 58.91 million, an increase of THB 31.19 million (112.5%) relative to last year quarter’s. This is mainly due to the following factors: 1. Motor insurance

has progress in sales as follows. area (Rai-Ngan-Wah) height (floor) unit progress 12 June, 2015 31 May, 2016 31 May, 2017 Phase 1 1-3-89 8 141 Reservations 115 rooms Empty 16 rooms Sold 96 rooms

from the same period of previous year by gaining the profits from the sales of empty land located at the Bhumibol Bridge. Paid interest was 0.28 million baht. It decreased from previous year amount to

previous year which gained from the profits from the sale of empty land located at the Bhumibol Bridge. Paid interest was 0.28 million Baht. It came from a short-term loan from a financial institution for

baht from the same period of previous year because in previous year the Company gained the profits from the sales of empty land located at the Bhumibol Bridge amount 160.00 million baht. This year there

amount of Baht 47.69 million, due to several large claims incurred in this quarter and also the increase of company’s retention in motor compulsory business. 2. The decrease of net investment revenue and

over net earned premium increased from 57.77% in the same quarter last year to 62.51%, as the terms and conditions of compulsory motor insurance had been adjusted in accordance with the notification of

declined from 63.48% to 58.46% mainly because the Company had adjusted the premium rate and condition of some non-motor policies. The overall loss ratio therefore was in decline. 2. Net investment revenue

proportion of average claim expenses over accident related to voluntary motor insurance increased from Baht 21,138 in the previous year to Baht 22,094 in the reported year. Net investment income, gains on