BIDV Insurance Corporation

- Total revenue of 255,505 billion dong, a 96% increase compared to the first quarter of 2010. Of which, income from underwriting performance registered 154,634 billion dong, a 64% increase compared to Q1 of 2010, income from financial investments totaled 74.634 billion dong, a 210% increase compared to the first quarter of 2010.

- Pre-tax profits totaled 26,235 billion dong, a 6% increase compared to the same period in 2010, fulfilling 26% of 2011’s plan. Profits from underwriting amounted to 2,331 billion dong, with profits from financial investments standing at 23,963 billion dong.

- Total technical provision was 272,949 billion dong, marking a 53% increase to that of the same period in 2010.

- Total assets as of March 31, 2011 stood at 1,285,586 billion dong, a 5% rise compared to the same period last year.

In the first quarter of 2011, BIC opened two new wholly owned subsidiaries; BIC Bac Bo and BIC Sai Gon, and a series of new business offices nationwide, increasing the total number of wholly owned subsidiaries to 21, and business offices to 80. In the second quarter, BIC plans to expand operations in Hanoi and Ho Chi Minh City to enhance the corporation’s performance in the country’s two largest economic regions.

Retail policy sales are a major Q1 priority, with the research and implementation of a series of new products including international traveler insurance, package insurance for SMEs, and BIC Binh An for child BIDV savers.

Retail channels, including bancassurance and online insurance have been strengthened and registered good results. Bancassurance increased 272% compared to the same period last year. Online services were enhanced, with a major promotion campaign for customer buying insurance via ATM. In Q2 2011, BIC will launch an internet sales channel, confirming the corporation’s dedication to leading this modern retail market sector.

In early April, BIC received approval in principle from the Ho Chi Minh Exchange (HSX) to list its stocks. BIC finalized the shareholder list on 15 April for share custody and is in the process of completing preparations for official listing. Listing is scheduled for late May 2011, after BIC completes the necessary procedures and receives official approval from HSX.