AM Best continues to rate BIC at aaa.VN, the highest in Vietnam

On October 1, 2025, in Singapore, financial credit rating organization AM Best announced the 2025 credit rating of BIDV Insurance Corporation (BIC).

Accordingly, AM Best continues to affirm BIC's financial strength rating at B++ (Good); issuer rating at bbb (Good); and credit rating on the Vietnamese national scale at aaa.VN (Excellent), the highest rating in Vietnam. The outlook for upgrading these indicators is Stable.

The rating reflects BIC's strong financial capacity, impressive business results, solid track record, and safe and effective risk management system.

BIC's financial capacity, measured through its Capital Adequacy Ratio (BCAR), is highly rated by AM Best. Furthermore, BIC possesses strong internal capital generation capabilities thanks to stable profit growth and a sound dividend payout plan, ensuring that BIC's risk-weighted capital continues to adequately meet and align with the Corporation's development strategy.

In 2025, BIC will continue to maintain its cautious, safe, and effective investment strategy. Simultaneously, reinsurance will be prioritized to respond to major risks and natural disasters. BIC's reinsurance partners are reputable entities with strong financial capabilities and credit ratings of A- or higher.

BIC's operational performance indicators continue to be positively evaluated by AM Best. During the period 2020-2024, the average return on equity (ROE) remained high (15.2%) thanks to stable insurance profit margins over the years. In addition, stable income from deposits and securities continues to be a significant contributor to BIC's total profits.

BIC's risk management framework was highly rated by AM Best, deemed appropriate to its scale and operational realities thanks to technical support, expertise, and supervision from its parent bank BIDV and strategic partner FairFax.

Source: https://bidvinfo.com.vn/am-best-tiep-tiep-xep-hang-bic-o-muc-aaa-vn-cao-nhat-tai-viet-nam-10009591.html