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	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024
Premiums & Annuity Revenue	2,471,792	2,326,639	2,319,970
Total Interest & Dividend Income	277,727	303,215	290,578
Gain (Loss) on Sale of Investments	14,667	14,667	11,750
Other Revenue	1,312,213	1,314,186	1,273,902
Total Revenue	4,076,398	3,958,706	3,896,200
Revenue Growth (YoY)	-	1.60%	-
Policy Benefits	756,092	738,230	857,767
Policy Acquisition & Underwriting Costs	383,145	380,625	421,762
Selling, General & Administrative	554,256	543,855	508,964
Other Operating Expenses	2,035,024	1,976,598	1,750,756
Total Operating Expenses	3,728,516	3,639,308	3,539,249
Operating Income	347,882	319,399	356,951
Interest Expense	-0.74	-0.74	-0.58
Currency Exchange Gain (Loss)	-5,571	-5,571	-1,775
Other Non Operating Income (Expenses)	-4,861	-5,691	-3,053
Pretax Income	337,449	308,136	352,122
Income Tax Expense	75,493	69,630	71,568
Net Income	261,956	238,506	280,555
Preferred Dividends & Other Adjustments	-	-	16,833
Net Income to Common	261,956	238,506	263,722
Net Income Growth	-	-14.99%	-
Shares Outstanding (Basic)	-	184	184
Shares Outstanding (Diluted)	-	184	184
EPS (Basic)	-	1295.42	1432.38
EPS (Diluted)	-	1295.42	1432.38
EPS Growth	-	-9.56%	-
Free Cash Flow	438,783	320,754	234,010
Free Cash Flow Per Share	-	1742.15	1271.01
Dividend Per Share	-	-	1000.000
Operating Margin	8.53%	8.07%	9.16%
Profit Margin	6.43%	6.02%	6.77%
Free Cash Flow Margin	10.76%	8.10%	6.01%
EBITDA	357,857	328,552	362,818
EBITDA Margin	8.78%	8.30%	9.31%
D&A For EBITDA	9,974	9,153	5,867
EBIT	347,882	319,399	356,951
EBIT Margin	8.53%	8.07%	9.16%
Effective Tax Rate	22.37%	22.60%	20.32%
Revenue as Reported	3,927,185	3,640,825	3,593,872

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