BIC’s advancing cash dividend with yield at 10%
BIC is one of the few companies who always maintain a steady growth rate even during the period of economic downturn and ensure the interests of investors. In 2014, the operation of BIC parent company in Vietnam market saw fair growth in the context of the slow economic recovery with the direct premium insurance revenue growth at 25.5%. In overseas, LVI Insurance Joint venture had an impressive operation year: increasing the direct premium insurance revenue by 28%, maintaining the 2nd largest market share in Laos, ROE is 23.7%. In 2015, BIC ensure a minimum premium revenue growth rate of 17%, minimum consolidated profit of 147 trillion VND. Other notable plans of BIC in 2015 include: maintaining the financial strength ratings of B+ by A.M.Best, completing the plan to sell securities to strategic foreign investors, officially receiving the transferring capital at Cambodia Vietnam Insurance Plc, putting the representative office in Myanmar into operation…