BIC: Pre-tax Profit in the first 2 months increased by 53%
On March 14th 2012, BIDV Insurance Corporation (BIC) announced the business results in the first 2 months this year. In which, its pre-tax profit reached 26.617 billion dong, increasing by 53% compared with the same period last year.
Other indicators also grew well:
- Total revenue achieved 134.446 billion dong, increasing slightly compared with the same period of 2011. Particularly, revenue from written premium reached 85.006 billion dong, growing by 30% on year. Many services grew dramatically, such as: fire insurance, cargo insurance, aviation insurance, health insurance.
- Total assets on Feb 29th 2012 reached 1,608.522 billion dong; owner capital achieved 769.494 billion dong; underwriting reserves reached 277.007 billion dong, claim rate was remained at 34%, decreased by 17% compared with the same period last year.
In the first 2 months this year, BIC has adapted new mechanisms and business policies to ensure efficient and sustainable business growth in 2012. Annual meetings were held successfully, such as: the 6th Board of Management meeting, 2012 Business Activation Conference, Workers’ Meeting, Labour-Union Congress, 2012 Business Plan Kick-off Program.
Pursuant to retail development orientation, in the first 2 months of 2012, BIC launched new individual insurance services, meeting the customers’ needs and attracting the interest of the public, such as: BIC MotorCare, BIC HealthCare… Besides, BIC also carried out many customer care programs, such as: customer visits, gifts for customers…
On March 16th 2012, BIC will organize 2012 Annual General Shareholders Meeting to approve the main contents: 2011 financial statement, dividend policy, 2012 business plan, restructuring plan, ESOP implementation…