VINARE (VNR) earned VND465 billion in 2024
Saturday, February 1,2025
AsemconnectVietnam - According to Vietnam National Reinsurance Corporation (VINARE, code VNR), the Company's total revenue in 2024 will reach VND3,153 billion, up 17.8% compared to 2023 and reaching 108.1% of the assigned annual plan.
In reinsurance business, revenue from core business segments increased by 14.3% over the same period. Reinsurance premium revenue from Technical, Mixed and Motor Vehicle business grew well compared to 2023 and reached higher than planned thanks to good market growth, new participation in health and motor vehicle contracts of several domestic enterprises and some foreign contracts.
VNR's pre-tax profit in 2024 reached VND465 billion, affirming the financial strength and adaptability of the enterprise in a challenging year.
In 2025, VINARE will continue to strengthen risk management, improve the efficiency of reinsurance business operations; continue to expand the reinsurance market, improve the capacity to provide added value to the market (risk management, training, products, reinsurance programs, sustainable development solutions).
For the reinsurance business in 2025, VINARE will continue to focus on researching and implementing new fields and products; continue to seek solutions to increase the market share of reinsurance premiums.
In addition, VINARE will continue to focus on risk management of Goods and Assets operations; Strengthening the capacity to provide products and services of Responsibility while participating in a strictly controlled manner in motor vehicle insurance services on the basis of ensuring the principles of safety, efficiency and ensuring the margin of solvency.
In addition, VINARE also focuses on strengthening risk management, capital preservation; strengthening supervision of investment trust activities; regularly reviewing investment assets, ensuring compliance with legal regulations; regularly assessing risks of investment items, ensuring safety - efficiency - sustainability.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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