Military 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024
Premiums & Annuity Revenue	2,565,416	2,326,639	2,319,970
Total Interest & Dividend Income	307,169	303,215	290,578
Gain (Loss) on Sale of Investments	-	14,667	11,750
Other Revenue	1,314,253	1,314,186	1,273,902
Total Revenue	4,186,839	3,958,706	3,896,200
Revenue Growth (YoY)	-	1.60%	-
Policy Benefits	884,645	738,230	857,767
Policy Acquisition & Underwriting Costs	380,625	380,625	421,762
Selling, General & Administrative	572,446	543,855	508,964
Other Operating Expenses	1,976,423	1,976,598	1,750,756
Total Operating Expenses	3,814,138	3,639,308	3,539,249
Operating Income	372,700	319,399	356,951
Interest Expense	-0.67	-0.74	-0.58
Currency Exchange Gain (Loss)	-2,237	-5,571	-1,775
Other Non Operating Income (Expenses)	-7,392	-5,691	-3,053
Pretax Income	363,071	308,136	352,122
Income Tax Expense	73,657	69,630	71,568
Net Income	289,413	238,506	280,555
Preferred Dividends & Other Adjustments	-	-	16,833
Net Income to Common	289,413	238,506	263,722
Net Income Growth	-	-14.99%	-
Shares Outstanding (Basic)	201	184	184
Shares Outstanding (Diluted)	201	184	184
EPS (Basic)	1436.77	1295.42	1432.38
EPS (Diluted)	1436.77	1295.42	1432.38
EPS Growth	-	-9.56%	-
Free Cash Flow	550,977	320,754	234,010
Free Cash Flow Per Share	2735.28	1742.15	1271.01
Dividend Per Share	-	-	1000.000
Operating Margin	8.90%	8.07%	9.16%
Profit Margin	6.91%	6.02%	6.77%
Free Cash Flow Margin	13.16%	8.10%	6.01%
EBITDA	386,406	328,552	362,818
EBITDA Margin	9.23%	8.30%	9.31%
D&A For EBITDA	13,706	9,153	5,867
EBIT	372,700	319,399	356,951
EBIT Margin	8.90%	8.07%	9.16%
Effective Tax Rate	20.29%	22.60%	20.32%
Revenue as Reported	3,640,825	3,640,825	3,593,872

Updated Jan 17, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.