Bao Viet Holdings (HOSE:BVH)

Bao Viet Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	39,462,754	39,126,184	39,347,977	39,907,574	35,894,484	33,443,676
Total Interest & Dividend Income	12,151,816	12,151,816	13,123,912	6,188,111	5,488,302	6,320,615
Gain (Loss) on Sale of Investments	8,742	8,742	-8,124	3,653,851	3,325,561	3,057,926
Non-Insurance Activities Revenue	498,610	555,874	602,344	607,102	750,299	433,287
Other Revenue	715,821	696,992	737,502	780,673	935,654	1,080,368
Total Revenue	52,837,742	52,539,607	53,803,611	51,137,311	46,394,300	44,335,873
Revenue Growth (YoY)	4.60%	-2.35%	5.21%	10.22%	4.64%	7.14%
Policy Benefits	35,887,766	36,602,851	38,536,797	36,054,912	31,417,579	29,683,469
Policy Acquisition & Underwriting Costs	2,486,779	2,489,113	2,517,236	2,811,768	2,928,816	3,094,850
Selling, General & Administrative	7,735,094	7,071,399	6,049,095	6,301,478	6,262,427	6,122,675
Non-Insurance Activities Expense	489,792	545,882	611,365	588,173	676,872	417,934
Other Operating Expenses	1,568,498	1,564,707	1,528,083	1,625,867	1,798,609	1,384,270
Total Operating Expenses	48,167,929	48,273,953	49,242,575	47,382,199	43,084,302	40,703,198
Operating Income	4,669,813	4,265,654	4,561,036	3,755,112	3,309,997	3,632,674
Interest Expense	-1,672,653	-1,400,727	-2,127,803	-1,026,177	-639,339	-998,138
Earnings From Equity Investments	95,796	94,085	102,049	86,452	92,994	70,012
Currency Exchange Gain (Loss)	-13,928	-13,928	-16,100	-16,219	7,613	3,832
Other Non Operating Income (Expenses)	-286,241	-282,727	-256,419	-791,214	-374,967	-756,226
EBT Excluding Unusual Items	2,792,787	2,662,358	2,262,763	2,007,953	2,396,297	1,952,155
Gain (Loss) on Sale of Assets	813.78	813.78	668.13	2,210	1,737	1,131
Pretax Income	2,793,601	2,663,171	2,263,432	2,010,164	2,398,034	1,953,286
Income Tax Expense	509,502	469,003	382,129	384,557	379,620	303,439
Earnings From Continuing Ops.	2,284,099	2,194,169	1,881,303	1,625,606	2,018,414	1,649,847
Minority Interest in Earnings	-75,464	-83,672	-75,986	-74,612	-106,720	-52,259
Net Income	2,208,636	2,110,497	1,805,317	1,550,994	1,911,694	1,597,588
Preferred Dividends & Other Adjustments	-	-	-	37,748	36,586	41,191
Net Income to Common	2,208,636	2,110,497	1,805,317	1,513,246	1,875,108	1,556,398
Net Income Growth	18.56%	16.91%	16.40%	-18.87%	19.66%	34.42%
Shares Outstanding (Basic)	742	742	742	742	742	742
Shares Outstanding (Diluted)	742	742	742	742	742	742
Shares Change (YoY)	0.55%	-	-	-	-	5.67%
EPS (Basic)	2975.15	2843.10	2431.98	2038.53	2526.00	2096.66
EPS (Diluted)	2975.15	2843.10	2431.98	2038.53	2526.00	2096.66
EPS Growth	19.05%	16.91%	19.30%	-19.30%	20.48%	28.95%
Free Cash Flow	5,239,945	8,283,928	8,297,625	8,938,338	12,083,883	11,564,707
Free Cash Flow Per Share	7058.49	11159.47	11177.92	12041.04	16278.48	15579.08
Dividend Per Share	-	-	1003.700	954.000	3026.100	898.500
Dividend Growth	-	-	5.21%	-68.47%	236.79%	12.31%
Operating Margin	8.84%	8.12%	8.48%	7.34%	7.13%	8.19%
Profit Margin	4.18%	4.02%	3.36%	2.96%	4.04%	3.51%
Free Cash Flow Margin	9.92%	15.77%	15.42%	17.48%	26.05%	26.08%
EBITDA	4,975,930	4,566,230	4,764,931	3,966,916	3,536,309	3,839,672
EBITDA Margin	9.42%	8.69%	8.86%	7.76%	7.62%	8.66%
D&A For EBITDA	306,117	300,576	203,895	211,804	226,312	206,998
EBIT	4,669,813	4,265,654	4,561,036	3,755,112	3,309,997	3,632,674
EBIT Margin	8.84%	8.12%	8.48%	7.34%	7.13%	8.19%
Effective Tax Rate	18.24%	17.61%	16.88%	19.13%	15.83%	15.53%

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