Total consolidated revenue after the first 9 months of 2024 reached VND42,121 billion. Consolidated pre-tax and after-tax profits reached VND 1,964 billion and VND 1,618 billion, respectively, up 14.7% and 13.3% over the same period in 2023. Total consolidated assets as of September 30, 2024 reached VND 238,219 billion, up 7.7% over December 31, 2023.
Total revenue of the Parent Company reached VND 1,224 billion, profit after tax reached VND 866 billion, up 5.1% and 4.8% respectively over the same period in 2023, closely following the 2024 plan approved by the General Meeting of Shareholders.
As of September 30, 2024, the total assets of the Parent Company reached VND18,675 billion, equity reached VND18,502 billion, up 4.5% and 4.7% respectively compared to December 31, 2023.
Towards 60 years of establishment (January 15, 1965 - January 15, 2025), Bao Viet focuses resources on optimizing network advantages, diversifying business fields and improving the professionalism of each member unit with the goal of creating a future.
With strong financial potential, leading capital and asset scale among insurance companies, Bao Viet always fulfills commitments with shareholders, increasing value for investors. According to the profit distribution plan, in December 2024, Bao Viet will spend more than VND 745 billion to pay cash dividends, equivalent to 10.037% on stock prices.
In addition, Bao Viet also allocates funding for social security activities such as: investment in education; upgrading medical infrastructure; building gratitude houses; overcoming the consequences of natural disasters...
Bao Viet - The only Vietnamese enterprise leading the market, awarded the National Brand certificate in both the field of lifespan and non-life
The life insurance business sector recorded positive business results with VND 982 billion in profit after tax, up 23.3%.
After the first 9 months of 2024, the insurance market has had positive recovery bright spots. As the only Vietnamese life insurance company in the market, Bao Viet Life has made efforts to research and deploy many increasingly superior insurance products, meeting the needs of protection and peace of mind of families against risks in life. Bao Viet Life's total revenue reached VND 32,145 billion, profit after tax reached VND 982 billion, up 23.3% over the same period in 2023.
The non-life insurance business sector reached VND 250 billion in profit after tax, a positive growth of 40.1%.
After the first 9 months of 2024, Bao Viet Insurance's total revenue reached VND 8,854 billion, up 3.3%; profit after tax reached VND 250 billion, up 40.1% over the same period in 2023.
At the National Brand product announcement ceremony, Prime Minister Pham Minh Chinh presented the Vietnam National Brand 2024 symbol to Bao Viet Life Insurance Service and Bao Viet Non-life Insurance Service.
The selection of enterprises achieving the National Brand is conducted every two years with the aim of encouraging enterprises to continue to share and pursue the values of the program, enhancing pride in Vietnamese products. Bao Viet is the only financial - insurance enterprise with both life insurance services and non-life insurance services to be honored as a National Brand twice in a row.
