Post Office Insurance Profits Decline in Nine Months

Post Office Insurance Corporation (HNX: PTI) reported a net profit of VND 232 billion in the first nine months of 2025, an 8% decline year-on-year. This decrease is attributed to reduced profitability in both its core insurance and financial services segments.

0
172

In Q3 2025, PTI reported a net profit of VND 75 billion, marking a 62% increase year-over-year. Despite a 13% decline in insurance revenue, a significant reduction in expenses—particularly a 38% drop in other costs—propelled gross insurance profit to VND 55 billion, a 2.5x surge compared to the same period last year.

Additionally, the company’s investment real estate gross profit soared 8.7 times to VND 2 billion, while profits from joint ventures and associates skyrocketed 19 times to nearly VND 11 billion, offsetting declines in financial activities and rising management costs.

For the first nine months of 2025, insurance profits dipped by 2%, and financial operations saw a 30% decline year-over-year. Against the 2025 target of VND 320 billion in pre-tax profit (a 21% reduction from 2024), PTI has achieved approximately 90% of its goal as of Q3.

As of Q3 2025, PTI’s total assets stood at nearly VND 8.4 trillion, largely unchanged from the beginning of the year. Financial investments accounted for 57% of total assets, totaling over VND 4.7 trillion, primarily comprising bank deposits (nearly VND 3.3 trillion, down 20%) and bonds (over VND 1.096 trillion, a 2.2x increase).

On the liabilities side, PTI’s total debt reached nearly VND 5.8 trillion, a 5% decrease. Short-term insurance reserves dominated, representing 70% of liabilities at over VND 4 trillion, down 9%.

Khang Di

– 11:28 AM, November 6, 2025

You may also like

Q4 Business Results: Unlocking Nam Long’s Explosive Growth Potential

Nam Long Investment Corporation (HOSE: NLG) has delivered an impressive performance in the first three quarters of 2025. What will drive growth in the final quarter?

Bank Profits Plummet by Nearly Half in Q3

This bank’s financial performance has taken a significant hit, driven by a sharp rise in funding costs and risk provisioning expenses. Compounding the issue, non-credit segments such as services, foreign exchange, and securities have all posted underwhelming results.

What Drove Masan’s Record-Breaking Quarterly Profit of Over 1.8 Trillion VND?

After five years of steadfastly building an integrated consumer-retail platform, Masan Group (HOSE: MSN) has officially marked a pivotal milestone in profitability.

Billion-Dollar Investment: CEO Pours Over $43 Million into Sonasea Vân Đồn Harbour City Project

Fueled by robust financial performance and significant cost-cutting measures, C.E.O Group Corporation (HNX: CEO) reported a 7% year-over-year increase in consolidated net profit for the third quarter.

PV GAS’ 9-Month Profit Nearly Matches Full-Year 2024 Earnings

In Q3/2025, PV GAS (Vietnam Gas Corporation, HOSE: GAS) saw a modest increase in net profit compared to the same period last year. Despite this slight growth, the company achieved a remarkable feat by nearly matching its entire 2024 profit within just the first nine months of the year.