Source: VietstockFinance
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In Q3/2025, BIC’s insurance premium revenue surpassed VND 1.4 trillion, marking a 5% year-on-year increase. Reinsurance cession costs declined by 11% to VND 412 billion, driving net insurance revenue above VND 1 trillion—a 5% uptick.
Notably, insurance claims expenses plunged 26% to VND 224 billion, reducing total insurance operating costs by 7% to over VND 757 billion. Consequently, insurance business profits soared 66% to nearly VND 278 billion.
Despite a 16% drop in financial income to VND 68 billion and a 34% rise in management expenses to VND 223 billion, BIC sustained a 28% net profit growth to VND 91 billion, fueled by robust insurance operations.
Year-to-date, BIC’s nine-month net profit reached nearly VND 421 billion, up 23%. Insurance business profits climbed 10% to VND 804 billion, while financial income rose 15% to VND 355 billion, primarily from a 12% increase in deposit interest to VND 212 billion and a 3.2x surge in securities income to over VND 163 billion.
For 2025, BIC targets VND 710 billion in pre-tax consolidated profit, a 9% increase from 2024. As of Q3, the company has achieved 77% of its annual goal.
By Q3-end, BIC’s total assets exceeded VND 9.9 trillion, up 15% year-to-date. Financial investments accounted for 74% of total assets, rising 15% to VND 7.4 trillion, while reinsurance assets grew 4% to nearly VND 1.3 trillion.
Liabilities totaled nearly VND 6.7 trillion, up 17%, driven by an 86% increase in short-term loans to VND 527 billion and a 17x jump in other short-term payables to over VND 200 billion. Insurance reserves, comprising 60% of total liabilities, rose 6% year-to-date.
– 14:58 17/11/2025
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