Military Insurance (MIC): Pre-tax profit estimated at VND125.6 billion in Q1/2025
Thursday, May 1,2025
AsemconnectVietnam - Military Insurance Corporation (MIC, code MIG - HOSE) said that at the end of Q1/2025, original insurance revenue was estimated at VND1,269 billion and pre-tax profit at VND125.6 billion, up 31% over the same period last year.
According to the 2025 business plan approved by shareholders, MIC aims to increase insurance revenue by 25%, profit by 75% (reaching nearly VND540 billion) and dividend rate of at least 10%.
At the end of 2024, MIC recorded pre-tax profit of VND308 billion, down 12.5% compared to 2023 and completed 70% of the annual plan of VND440 billion.
On April 21, MIC announced that Mr. Tran Minh Dat would assume the position of Chairman of the Board of Directors for the remaining term of 2022–2026.
Previously, at the Annual General Meeting of Shareholders on March 31, 2025, MIC elected additional positions in the Corporation's governance structure. Specifically, the Congress elected 3 additional members of the Board of Directors, including Mr. Tran Minh Dat, Ms. Vu Thai Huyen and Mr. Chu Hai Cong; and elected 2 additional members of the Board of Supervisors, Ms. Le Thi Thu Trang and Ms. Nguyen Thi Tuoi, for the remaining term of 2022–2027.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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