AsemconnectVietnam - Postal Insurance Corporation (PTI - HNX floor) plans to issue bonus shares (issue shares to increase capital from equity) at a ratio of 2:1 to shareholders and not pay dividends in 2024 to shareholders.

This is one of the important contents that the Board of Directors (BOD) of the Company will submit to the 2025 General Meeting of Shareholders (GMS). The meeting is expected to be held on April 22.
Regarding the 2025 business plan, PTI sets a target of revenue from insurance business activities of VND4,550 billion, an increase of 13% compared to the results of 2024; profit after tax of VND256 billion, a decrease of 20%. Similar to 2024, this year the Company proposes not to pay dividends.
Regarding business results in 2024, PTI recorded revenue from original insurance business activities reaching VND4,016 billion, down 20.9% compared to 2023. Most of PTI's insurance product revenue grew negatively because PTI continued to proactively re-evaluate product structure, apply strict business policies and focus on promoting effective product lines with low distribution costs instead of focusing on revenue growth at all costs.
The Company's after-tax profit in 2024 reached VND322 billion, completing 183.1% of the set plan, and increasing by 26.0% compared to 2023.
Financial revenue in 2024 reached VND334 billion, of which investment items with significant revenue included: Term deposit interest reached approximately VND270 billion; Bond investment interest reached VND64 billion... PTI's combined ratio reached 92.74%, down 4.94% compared to 2023. The large decrease in combine ratio compared to the previous year is a positive sign for PTI's insurance business, showing the level of financial security of the Corporation.
With the strategic goal of perfecting governance, perfecting operating conditions, perfecting human resources, not focusing on the issue of sales growth in this period, PTI temporarily ranks 8th in market share among non-life insurance companies in the market in 2024.
In addition to the above contents, at the meeting, PTI also submitted to shareholders for approval the contents on selecting an auditing unit and reviewing the 2025 financial statements; remuneration/allowances for the Board of Directors, the Supervisory Board and the salary of the Executive Board; business bonus policy for key employees of the Corporation...
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Source: VITIC/Tinnhanhchungkhoan