Bao Minh Insurance Balance Sheet

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	289,761	200,000	50,000	51,701	101,701
Investments in Equity & Preferred Securities	296,087	296,515	199,615	200,105	200,715
Other Investments	3,211,000	3,203,000	3,242,000	3,227,300	3,091,195
Total Investments	4,205,202	3,943,147	3,712,769	3,687,942	3,634,058
Cash & Equivalents	216,746	446,094	181,629	168,725	220,659
Reinsurance Recoverable	1,581,355	1,855,859	1,672,629	1,950,378	2,540,433
Other Receivables	535,674	526,887	382,465	229,774	150,714
Property, Plant & Equipment	76,509	91,782	99,894	102,151	111,950
Other Intangible Assets	182,141	180,832	183,456	185,252	189,139
Other Current Assets	677,844	638,722	696,554	657,149	482,464
Long-Term Deferred Tax Assets	18,504	16,999	17,658	19,195	23,604
Other Long-Term Assets	37,087	49,235	57,140	36,315	34,192
Total Assets	7,531,063	7,749,557	7,004,195	7,036,881	7,387,212
Accrued Expenses	247,480	690,684	685,579	717,151	719,989
Insurance & Annuity Liabilities	1,223,114	1,574,393	1,033,256	1,414,755	2,184,204
Unpaid Claims	159,304	170,219	221,420	235,945	208,908
Unearned Premiums	2,211,573	2,080,607	2,093,723	1,978,946	1,638,657
Reinsurance Payable	640,280	107,297	203,390	211,906	222,403
Current Income Taxes Payable	13,372	-	4,184	14,487	11,465
Other Current Liabilities	88,100	74,293	80,476	24,193	29,458
Other Long-Term Liabilities	1,285	1,220	1,274	1,141	1,094
Total Liabilities	4,601,256	4,962,014	4,361,325	4,625,743	5,051,856
Common Stock	1,505,476	1,326,428	1,205,854	1,096,240	1,096,240
Additional Paid-In Capital	613,196	792,244	792,244	792,244	792,244
Retained Earnings	811,135	640,786	616,686	494,569	418,787
Comprehensive Income & Other	-	28,085	28,085	28,085	28,085
Total Common Equity	2,929,807	2,787,543	2,642,870	2,411,138	2,335,356
Shareholders' Equity	2,929,807	2,787,543	2,642,870	2,411,138	2,335,356
Total Liabilities & Equity	7,531,063	7,749,557	7,004,195	7,036,881	7,387,212
Filing Date Shares Outstanding	150.55	150.55	150.55	150.55	150.55
Total Common Shares Outstanding	150.55	150.55	150.55	150.55	150.55
Net Cash (Debt)	216,746	446,094	181,629	168,725	220,659
Net Cash Growth	-51.41%	145.61%	7.65%	-23.54%	47.27%
Net Cash Per Share	1439.71	2963.08	1206.43	1120.71	1465.67
Book Value Per Share	19461.00	18515.78	17554.66	16015.31	15511.95
Tangible Book Value	2,747,666	2,606,712	2,459,414	2,225,886	2,146,217
Tangible Book Value Per Share	18251.14	17314.64	16336.10	14784.82	14255.64
Buildings	156,446	156,446	142,808	138,847	138,212
Machinery	93,975	93,992	95,610	93,412	93,425
Construction In Progress	14,212	18,186	30,446	29,300	28,686

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