Military 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024
Total Investments	5,093,000	4,263,000	3,872,022
Cash & Equivalents	227,398	329,566	181,584
Reinsurance Recoverable	2,697,375	2,727,096	2,177,517
Other Receivables	527,521	191,971	285,823
Property, Plant & Equipment	422,209	469,443	419,371
Other Intangible Assets	107,452	54,761	37,587
Other Current Assets	2,173,494	1,769,016	1,813,002
Long-Term Deferred Tax Assets	6.52	-	-
Other Long-Term Assets	25,791	30,094	32,259
Total Assets	11,274,247	9,834,946	8,819,165
Accrued Expenses	387,024	179,729	205,085
Insurance & Annuity Liabilities	694,893	444,722	526,842
Unearned Premiums	4,293,599	3,259,236	2,943,318
Reinsurance Payable	-	26,757	29,286
Current Income Taxes Payable	-	34,600	34,686
Long-Term Deferred Tax Liabilities	-	58.98	300.06
Other Current Liabilities	2,482,158	2,366,839	1,692,919
Other Long-Term Liabilities	27,974	27,974	27,974
Total Liabilities	8,646,523	7,704,687	6,737,906
Common Stock	2,115,035	1,726,725	1,726,725
Retained Earnings	512,689	403,535	354,534
Shareholders' Equity	2,627,724	2,130,260	2,081,259
Total Liabilities & Equity	11,274,247	9,834,946	8,819,165
Filing Date Shares Outstanding	-	181.31	193.32
Total Common Shares Outstanding	-	181.31	193.32
Net Cash (Debt)	227,398	329,566	181,584
Net Cash Growth	-31.00%	81.49%	-
Net Cash Per Share	-	1704.77	939.30
Book Value Per Share	-	11749.52	10765.88
Tangible Book Value	2,520,272	2,075,499	2,043,672
Tangible Book Value Per Share	-	11447.48	10571.46
Buildings	-	57,040	57,040
Machinery	-	80,486	34,114
Construction In Progress	350,934	385,512	372,908

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.