Aviation Insurance (VNI) targets 56% increase in premium revenue in 2025
Thursday, May 1,2025
AsemconnectVietnam - The General Meeting of Shareholders of Aviation Insurance Corporation (VNI, code AIC - UPCoM) has just approved the 2025 business plan with breakthrough growth targets: total premium revenue is expected to reach VND4,619 billion, up 56% compared to 2024.
2025 is also an important milestone in the brand development strategy when VNI officially implements a comprehensive repositioning of the brand, including the planned renaming to DBV as approved by the Extraordinary General Meeting of Shareholders earlier.
With the support of strategic shareholder DB (Korea), VNI aims to be in the top 7 leading non-life insurance companies in Vietnam in 2025; at the same time, maintain the leading position in the field of motor vehicle insurance.
In 2024, the total original insurance premium revenue of this insurance company will reach VND2,895 billion, an increase of 14% compared to 2023; financial revenue will reach VND149.7 billion. Notably, VNI's motor vehicle insurance rose to the No. 1 position in the market, up 4 places compared to the previous year and contributing 62.4% to total insurance revenue. VNI's after-tax profit will reach VND11.5 billion in 2024. After setting aside funds, retained earnings will be VND92.1 billion. In 2024, this insurance company will not pay dividends to supplement capital for business.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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