BIC gains over 30b dong profit in Q1/201
The insurer’s total accumulated revenue in Jan-March 2012 reached 254.484 billion dong, of which, premium from original insurance fees reached 162.322 billion dong, growing 13.82 percent on year and revenue from financial investments reached 43.926 billion dong with pre tax profit at 30.389 billion dong.
As of the end of Q1/2012, BIC’s total assets reached nearly 1.8 trillion dong and equity at 762.371 billion dong.
In recent years BIC has strengthened the new potential distribution channels such as bancassurance sales through banks (Bancas), the online channel (E-business) and provided some highly marketable new retail insurance products suitable with customers’ needs such as motor insurance, accident insurance and human health insurance and human accident insurance 24/7.
According to the approval of the annual general meeting in late March, BIC is preparing for the restructuring to become a holding company together with the negotiation and selection of strategic shareholders. On April 26, BIC will also pay 2011 dividend at 10 percent, exceeding the target level of 8 percent as planned.