**PJICO Achieves 82% of its 2024 Plan in the First 9 Months**
Strong Performance Despite Challenges: Super Typhoon Yagi and its aftermath caused extensive damage across northern provinces, impacting many customers of non-life insurance companies, including PJICO. The company recorded 954 loss-making cases related to the typhoon, resulting in estimated losses of hundreds of billions of VND.
While many non-life insurance companies experienced a deep decline in financial results, PJICO maintained a resilient performance. For the first nine months of 2024, PJICO achieved a total revenue of VND 3,908 billion, completing 82% of its plan. This includes original insurance revenue of VND 3,196 billion, fulfilling 79.4% of the plan and representing an 11% growth rate compared to the same period in 2023.
The company’s pre-tax profit for the first nine months of 2024 reached VND 242.6 billion, completing 84% of the plan set by the General Meeting of Shareholders. In addition to its strong financial performance, PJICO demonstrated its commitment to social responsibility by actively contributing to community development and welfare.
Balancing Business Interests and Social Responsibility: PJICO has successfully struck a balance between business interests and social responsibilities, establishing itself as a trusted and responsible insurance company. Since the beginning of the year, PJICO has donated over VND 4.7 billion to charitable causes and provided relief to those in difficult circumstances.
During the recent Typhoon No. 3, in addition to fulfilling its insurance obligations to customers, PJICO carried out a series of social welfare activities in the severely affected provinces, including Quang Ninh, Hai Phong, Ha Nam, Yen Bai, Lao Cai, Bac Giang, and Tuyen Quang.
Determined to Fulfill Annual Plan and Celebrate 30 Years of Establishment: With positive signals and prospects for the last quarter, PJICO remains committed to the goals set by its Board of Directors at the beginning of the year. The company will continue to focus on risk management, enhance online and intermediary sales channels, and refine its omnichannel sales model, always keeping customers at the heart of its operations.
As PJICO approaches its 30th anniversary in 2025, the company’s journey reflects not only remarkable growth but also a pioneering spirit, perseverance, and long-term vision. Despite the challenges in the highly competitive non-life insurance market, PJICO has established its position by prioritizing safe and effective development, customer-centricity, human resource management, digital transformation, and social responsibility.
With a solid financial foundation and a clear strategic direction, PJICO is poised to remain the leading non-life insurance company, providing reliable protection to millions of current and future customers.
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