VINARE’s H1 2025 net profit drops 28.7% to VND 213.5 bn

For the first half of 2025, Vietnam National Reinsurance Corporation (VINARE) recorded a consolidated after-tax profit of VND 213.5 billion, a decrease of 28.7% compared to the VND 299.6 billion reported in the same period of 2024. This decline is primarily attributed to an VND 85.4 billion decrease in the parent company's after-tax profit.

Despite the parent company’s decline, the subsidiary's profit after tax showed a positive trend, increasing by VND 2.6 billion. However, this was offset by a decrease of VND 5.4 billion in the net profit of the associated company. Revenue and expense items excluded during consolidation contributed to an increase in profit by VND 2.1 billion for the period.

As of June 30, 2025, VINARE's total assets stood at VND 9,590,180,557,209, an increase from VND 8,777,551,572,073 at the end of 2024. The corporation's total liabilities were VND 5,620,940,343,987, with owner's equity at VND 3,969,240,213,222. Basic earnings per share for the current period were VND 1,137, down from VND 1,600 in the prior period.