Bao Minh Insurance Income Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Premiums & Annuity Revenue	5,086,637	4,879,889	4,525,500	4,278,490	3,569,529	3,588,020	Upgrade
Total Interest & Dividend Income	240,766	277,498	382,725	274,297	235,467	233,131	Upgrade
Gain (Loss) on Sale of Investments	2,823	17,746	3,315	-13,537	88,024	36,956	Upgrade
Non-Insurance Activities Revenue	13,975	12,963	13,423	12,829	12,305	12,069	Upgrade
Other Revenue	220,062	242,859	194,961	231,904	199,155	203,557	Upgrade
Total Revenue	5,564,262	5,430,954	5,119,925	4,783,984	4,104,479	4,073,731	Upgrade
Revenue Growth (YoY)	2.74%	6.08%	7.02%	16.55%	0.76%	12.22%	Upgrade
Policy Benefits	1,522,885	1,653,806	1,555,147	1,281,860	1,263,664	1,254,896	Upgrade
Policy Acquisition & Underwriting Costs	924,988	915,015	815,366	796,562	675,332	636,631	Upgrade
Depreciation & Amortization	6,379	6,379	4,617	4,334	5,014	-	Upgrade
Selling, General & Administrative	100,447	87,391	76,453	54,773	56,629	122,165	Upgrade
Non-Insurance Activities Expense	5,340	6,111	5,360	5,705	5,901	5,971	Upgrade
Other Operating Expenses	2,487,378	2,301,591	2,093,034	2,157,903	1,635,776	1,744,440	Upgrade
Total Operating Expenses	5,223,133	5,154,672	4,748,525	4,380,315	3,713,494	3,764,104	Upgrade
Operating Income	341,129	276,282	371,399	403,669	390,985	309,628	Upgrade
Interest Expense	-119.39	-483.46	-883.6	-636.66	-222.7	-360.1	Upgrade
Currency Exchange Gain (Loss)	11,492	-5,643	128.97	-4,177	4,376	-5,276	Upgrade
Other Non Operating Income (Expenses)	3,041	1,832	5,286	-67,402	-89,731	-71,503	Upgrade
EBT Excluding Unusual Items	355,543	271,987	375,931	331,453	305,408	232,489	Upgrade
Gain (Loss) on Sale of Assets	200.78	746.57	296.11	22.09	891.71	722.14	Upgrade
Pretax Income	355,743	272,734	376,227	331,475	306,299	233,211	Upgrade
Income Tax Expense	56,452	35,060	47,234	49,617	51,218	37,989	Upgrade
Earnings From Continuing Ops.	299,292	237,674	328,993	281,858	255,082	195,222	Upgrade
Net Income	299,292	237,674	328,993	281,858	255,082	195,222	Upgrade
Preferred Dividends & Other Adjustments	30,194	30,194	40,301	40,021	38,619	29,590	Upgrade
Net Income to Common	269,098	207,480	288,692	241,837	216,462	165,632	Upgrade
Net Income Growth	11.15%	-27.76%	16.72%	10.50%	30.66%	-6.09%	Upgrade
Shares Outstanding (Basic)	151	151	151	151	151	151	Upgrade
Shares Outstanding (Diluted)	151	151	151	151	151	151	Upgrade
Shares Change (YoY)	11.01%	-	-0.00%	-	-0.00%	-	Upgrade
EPS (Basic)	1787.42	1378.14	1917.57	1606.33	1437.79	1100.16	Upgrade
EPS (Diluted)	1787.42	1378.14	1917.57	1606.33	1437.79	1100.16	Upgrade
EPS Growth	5.88%	-28.13%	19.38%	11.72%	30.69%	-6.53%	Upgrade
Free Cash Flow	-308,579	127,750	-424,434	-85,987	529,974	279,312	Upgrade
Free Cash Flow Per Share	-2049.67	848.55	-2819.22	-571.14	3520.20	1855.24	Upgrade
Dividend Per Share	440.529	440.529	400.481	364.073	1092.220	1213.578	Upgrade
Dividend Growth	10.00%	10.00%	10.00%	-66.67%	-10.00%	33.33%	Upgrade
Operating Margin	6.13%	5.09%	7.25%	8.44%	9.53%	7.60%	Upgrade
Profit Margin	4.84%	3.82%	5.64%	5.05%	5.27%	4.07%	Upgrade
Free Cash Flow Margin	-5.55%	2.35%	-8.29%	-1.80%	12.91%	6.86%	Upgrade
EBITDA	353,892	292,152	388,610	421,578	410,300	329,554	Upgrade
EBITDA Margin	6.36%	5.38%	7.59%	8.81%	10.00%	8.09%	Upgrade
D&A For EBITDA	12,763	15,870	17,211	17,909	19,314	19,926	Upgrade
EBIT	341,129	276,282	371,399	403,669	390,985	309,628	Upgrade
EBIT Margin	6.13%	5.09%	7.25%	8.44%	9.53%	7.60%	Upgrade
Effective Tax Rate	15.87%	12.86%	12.55%	14.97%	16.72%	16.29%	Upgrade
Revenue as Reported	5,122,748	5,122,748	4,720,462	4,510,395	3,768,684	-	Upgrade

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.