Prudential Vietnam profit falls 14% to $124 mln in 2023
Life insurer Prudential Vietnam recorded post-tax profits of VND3,113.9 billion ($124.4 million) in 2023, down 14.4% year-on-year, according to the firm’s financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Insurer Generali Vietnam appoints new CEO
Italy-invested life insurer Generali Vietnam has appointed veteran insurance professional Nguyen Phuong Anh as its new CEO.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam insurance premiums fall 6.9% to $6.8 bln in 9 months
Total insurance premium collection in Vietnam fell 6.9% year-on-year to VND165.6 trillion ($6.81 billion) in the first nine months of this year, the General Statistics Office reported.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam H1 profits down for Prudential, Dai-ichi Life, up for AIA
Foreign-invested life insurers in Vietnam have posted contrasting H1 post-tax profit figures, with that of Prudential down 40.5%, Dai-ichi Life's down 2.2%, and AIA’s up 19.2% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dai-ichi Life Vietnam posts $53.4 mln profit in H1
Dai-ichi Life Vietnam, the Vietnamese subsidiary of Japan’s largest life insurer Dai-ichi Life, recorded a post-tax profit of VND1,275 billion ($53.4 million) in the first half of this year, down 2.2% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prudential, MB Ageas, Sun Life, BIDV Metlife guilty of bancassurance violations
Life insurers Prudential, MB Ageas, Sun Life, and BIDV Metlife have been found guilty of bancassurance violations and will have to pay administrative fines to fix their wrongdoings, the Ministry of Finance said on Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance ministry to release life insurer inspection results
Vietnam’s Ministry of Finance has concluded its inspections into four life insurers and will publicize the results later this month, the ministry said at a regular press conference on Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
South Korea's DB Insurance to buy 75% stake in Vietnam insurer BSH
Shareholders in Vietnam’s Saigon-Hanoi Insurance (BSH) are set to sell 75 million shares, equivalent to a 75% stake, to DB Insurance Co., Ltd., a major non-life insurer in South Korea.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dai-ichi Life Vietnam posts profit of $113 mln in 2022
Life insurer Dai-ichi Life Vietnam earned a post-tax profit of VND2.65 trillion ($113 million) in 2022, down 5.1% year-on-year, according to the firm’s audited report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prudential Vietnam’s profit up 8-fold to $155 mln in 2022
Life insurer Prudential Vietnam recorded an after-tax profit of VND3.64 trillion ($155 million) in 2022, a 7.7-fold increase year-on-year, according to the firm’s report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Insurance premiums in Vietnam grow 6.8% to $2.5 bln in Q1
Insurance premiums in Vietnam grew 6.8% year-on-year to VND59.46 trillion ($2.53 billion) in the first quarter of this year, according to the General Statistics Office.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Insurer Dai-ichi Life Vietnam posts $73 mln profit in Apr-Dec 2022
Japanese-backed insurer Dai-ichi Life Vietnam recorded a post-tax profit of VND1.72 trillion ($73 million) in April-December 2022, according to its parent firm’s financial statement for the first three quarters of fiscal year 2022.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Manulife records core earnings of $309 mln from Vietnam operation in 2022
Canada-headquartered life insurer Manulife recorded a core earning of $309 million from Vietnam operation in 2022, up 6.55% year-on-year, according to the parent firm’s latest report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prudential Vietnam records $327 mln operating profit in 2022
Prudential plc earned a pre-tax operating profit of $327 million from its Vietnam operations in 2022, up 3.15% year-on-year, according to the multinational insurer's annual report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Authorities clamp down on insurance fraud
The State Bank of Vietnam (SBV) and the Ministry of Finance have said they will deal with credit credit institutions that conned customers into buying insurance rather than simply taking out loans.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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