Starting 2025 with positive results, PVI Insurance Corporation continues to affirm its leading position in the Vietnamese non-life insurance market, maintaining stable growth momentum and aiming for a revenue target of billion USD in the pivotal year of the 30th anniversary of its establishment and development.
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| Conference Overview |
Continued growth amid challenges
At the first quarter review conference of 2025, PVI Insurance's total revenue is estimated at VND 7,217 billion, completing 120.7% of the first quarter plan and 36.3% of the annual plan, up 18.9% over the same period in 2024. Pre-tax profit is estimated at VND 288 billion, completing 163.3% of the first quarter plan, reflecting the effectiveness of business activities as well as strict risk management.
In particular, the reinsurance segment continued to make its mark with revenue reaching VND 2,174 billion, up 54.5% over the same period last year. This result shows that PVI Insurance's orientation of expanding international cooperation is clearly showing its effectiveness. In addition, revenue from cross-selling channels through major partners such as Mobile World , Samsung, MoMo, ZaloPay, Shopee... reached VND 291 billion, up 1.8 times over the same period.
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| Chairman of the Board of Directors Duong Thanh Francois |
Although the global economic context still has many potential risks, especially factors related to climate change and natural disasters, PVI Insurance still maintains sustainable business performance. Financial investment activities continue to generate stable revenue, ensure solvency and contribute to improving profit efficiency.
In the first quarter of 2025, international credit rating agency AM Best continued to maintain the A- (Excellent) rating with a stable outlook for PVI Insurance. This is the third consecutive year that the company has maintained a high rating from this prestigious organization, demonstrating a solid financial foundation, good solvency, and an internationally standardized risk management system.
Maintaining a high credit rating in a volatile economic context is not only a testament to financial strength and management efficiency, but also a basis for strengthening the confidence of the market, partners and global reinsurers.
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| General Director Pham Anh Duc reports at the Conference |
Promote digital transformation, expand distribution channels
One of the highlights in the first quarter of 2025 is the strong growth of the e-commerce channel. Revenue from this channel increased 1.8 times compared to the same period in 2024, showing the great potential of one of the most attractive channels today.
In addition, social insurance collection activities also achieved impressive results, with a total collection fee of more than VND 743 billion, an increase of 48.5% compared to the first quarter of 2024. In particular, the distribution model of property and technical insurance through the Vietnam Post network (VnPost) is considered a strategic step to expand the service coverage of PVI Insurance.
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| With a stable development foundation, clear business strategy and flexibility in adaptation, PVI Insurance is gradually realizing the goal of achieving revenue of 1 billion USD in 2025. This is a strategic milestone, marking 30 years of development and affirming its pioneering position in the field of non-life insurance in Vietnam. |
Source: https://congthuong.vn/bao-hiem-pvi-dat-muc-tieu-doanh-thu-ty-usd-nam-2025-384843.html
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