PVI leads non-life insurance market
PVI Holdings continued to maintain its top position in the field of non-life insurance with revenue hitting 4.17 trillion VND (187.65 million USD) in the first half of 2016.
PVI Holdings headquarter (Source: laodong.vn)Hanoi (VNA) – PVI Holdings continued to maintain its top position in the field of non-life insurance with revenue hitting 4.17 trillion VND (187.65 million USD) in the first half of 2016.
The figure surpassed the six-month target by 3 percent and fulfilled 52.5 percent of the yearly goal.
PVI reinsurance was estimated at 953 billion VND (42.88 million USD). Its pre-tax profit stood at 455 billion VND (20.47 million USD), exceeding the half-year target by 13 percent.
Formerly known as PetroVietnam Insurance Company, PVI was founded in 1996 and was one of the first enterprises in Vietnam to implement equitisation to become PetroVietnam Insurance Joint Stock Corporation in 2006. It was listed on the stock market in 2007 with stock code PVI.
PVI was named in the 50 best brands in Vietnam in 2015 by Brand Finance, a London-based brand valuation organisation.
In June 2016, it was honoured by the Vietnamese edition of Forbes Magazine as one of the 40 most valuable brands nationwide and leading in the fields of finance and insurance. The magazine also listed PVI among the 50 best companies in the Vietnamese stock market.-VNA
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