Military Insurance Corporation (HOSE:MIG)

Military Insurance Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Jan 1, 2024	Jan 1, 2023	Dec 31, 2021
Investments in Debt Securities	-	-	-	-	200,000	305,000
Other Investments	6,078,094	5,093,000	4,263,000	3,872,022	3,411,083	3,104,174
Total Investments	6,078,094	5,093,000	4,263,000	3,872,022	3,611,083	3,409,174
Cash & Equivalents	416,258	227,398	329,566	181,584	91,662	8,613
Reinsurance Recoverable	3,306,482	2,731,243	2,715,327	2,168,513	2,252,005	1,466,615
Other Receivables	556,757	488,149	311,104	294,827	425,906	260,179
Property, Plant & Equipment	415,976	422,209	469,443	419,371	398,332	408,707
Other Intangible Assets	101,630	107,452	54,761	37,587	27,072	22,374
Other Current Assets	1,640,834	2,178,998	1,661,652	1,813,002	1,700,418	911,502
Long-Term Deferred Tax Assets	-	6.52	-	-	284.54	253.28
Other Long-Term Assets	26,474	25,791	30,094	32,259	38,550	80,040
Total Assets	12,542,506	11,274,247	9,834,946	8,819,165	8,545,314	6,567,457

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Jan 1, 2024	Jan 1, 2023	Dec 31, 2021
Accounts Payable	-	-	-	-	-	2,716
Accrued Expenses	721,317	359,509	190,104	205,085	155,782	153,368
Insurance & Annuity Liabilities	930,260	694,893	444,722	526,842	637,543	164,816
Unpaid Claims	-	-	-	-	1,066,765	784,648
Unearned Premiums	3,751,291	3,344,409	3,259,236	2,943,318	2,786,002	2,143,166
Reinsurance Payable	-	-	-	29,286	23,016	268,298
Current Income Taxes Payable	29,365	27,675	34,600	34,686	-	14,798
Long-Term Deferred Tax Liabilities	238.06	-	58.98	300.06	-	-
Other Current Liabilities	2,374,853	2,481,998	2,383,222	1,692,919	655,114	583,471
Other Long-Term Liabilities	27,974	27,974	27,974	27,974	28,493	28,314
Total Liabilities	9,739,887	8,646,523	7,704,687	6,737,906	6,652,815	4,820,172

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Jan 1, 2024	Jan 1, 2023	Dec 31, 2021
Common Stock	2,115,035	2,115,035	1,726,725	1,726,725	1,644,500	1,430,000
Retained Earnings	687,584	512,689	403,535	354,534	247,999	317,285
Shareholders' Equity	2,802,619	2,627,724	2,130,260	2,081,259	1,892,499	1,747,285
Total Liabilities & Equity	12,542,506	11,274,247	9,834,946	8,819,165	8,545,314	6,567,457

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Jan 1, 2024	Jan 1, 2023	Dec 31, 2021
Filing Date Shares Outstanding	211.5	211.5	181.31	181.31	181.31	181.31
Total Common Shares Outstanding	211.5	211.5	181.31	181.31	181.31	181.31
Net Cash (Debt)	416,258	227,398	329,566	181,584	91,662	8,613
Net Cash Growth	112.06%	-31.00%	81.49%	98.10%	964.27%	-28.74%
Net Cash Per Share	1968.09	1075.15	1704.77	939.30	505.57	50.03
Book Value Per Share	13250.94	12424.02	11749.52	11479.25	10438.14	9637.21
Tangible Book Value	2,700,989	2,520,272	2,075,499	2,043,672	1,865,427	1,724,911
Tangible Book Value Per Share	12770.42	11915.98	11447.48	11271.94	10288.83	9513.80
Buildings	57,040	57,040	57,040	57,040	57,040	57,040
Machinery	84,526	80,121	80,486	34,114	36,112	36,283
Construction In Progress	345,963	350,934	385,512	372,908	345,963	349,935

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 2, 2026

Data Sources Report a data error