Prudential Vietnam remits $194 mln in retained earnings to parent company

Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.

The insurer said its members’ council approved the payout in February 2026, drawing from retained profits accumulated during 2018, 2019, and 2020. The transfer was completed on March 19.

As of the end of 2025, Prudential Vietnam’s retained earnings stood at more than VND21.78 trillion ($827.64 million), meaning the remittance accounted for over 23% of accumulated retained earnings.

Notably, the transferred amount exceeded the company’s cash and cash equivalents balance at the end of 2025, which totaled about VND4.99 trillion ($189.51 million).

The financial statements also revealed that Prudential Vietnam paid more than VND135 billion ($5.13 million) in tax arrears and penalties in November 2025, related to prior fiscal years.

Despite continued underwriting losses in its core insurance business, Prudential Vietnam posted strong earnings growth in 2025 thanks to investment income.

Net revenue from insurance operations reached VND19.58 trillion ($744.05 million), while total insurance operating expenses climbed to VND21.16 trillion ($804.22 million), resulting in a gross underwriting loss of roughly VND1.58 trillion ($60.13 million).

In contrast, financial income surged to VND12.08 trillion ($459.14 million), mainly generated from bond investments and bank deposits.

As a result, the company reported pre-tax profit of VND4.94 trillion ($187.61 million), up 48% year-on-year, while net profit rose 41% to 3.87 trillion ($147.09 million).