Source: VietstockFinance
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In Q3, BHI’s insurance operations reported a profit of VND 16 billion, a significant turnaround from the VND 58 billion loss recorded in the same period last year. This improvement stems from the company’s strategic decision to discontinue high-cost products, leading to a sharper decline in insurance business expenses compared to net revenue.
However, a slight financial loss of VND 5 billion and substantial management expenses of VND 44 billion—primarily attributed to employee costs—resulted in a continued net loss for the company. Despite this, the loss has narrowed compared to the VND 54 billion loss reported in the corresponding period.
| BHI’s Quarterly Business Performance |
For the first nine months of the year, BHI posted a net loss of VND 14 billion, primarily due to high management costs and a 37% decline in financial profits, driven by increased foreign exchange losses and losses from securities investments. To meet its annual post-tax profit target of over VND 13 billion, as presented to the Annual General Meeting, BHI must achieve a strong performance in the final quarter.
As of September 30, 2025, BHI’s total assets exceeded VND 4.5 trillion, an 8% decrease from the beginning of the year. Notably, term deposits fell by over VND 1.3 trillion (47%) to VND 1.5 trillion. Conversely, the company significantly increased its equity investments to nearly VND 170 billion (4.9 times higher than the start of the year) and non-term deposits to nearly VND 1.2 trillion (13.4 times higher).
Regarding liabilities, BHI’s short-term debt totaled over VND 3.4 trillion, an 8% decrease from the beginning of the year. Insurance contract payables decreased by 36% to VND 371 billion. Short-term provisions accounted for nearly 80% of total liabilities, reaching over VND 2.7 trillion, a slight 1% increase.
In late February 2024, South Korean non-life insurer DB Insurance acquired 75 million BHI shares for over VND 1.6 trillion, securing a 75% stake in the company. DB Insurance has maintained this ownership level to date.
Established in 1962 and headquartered in Seoul, DB Insurance (DBI) is a leading non-life insurance company in South Korea. It is part of the DB Group financial ecosystem and ranks as the second-largest non-life insurer in the country.
– 15:53 12/11/2025
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