Hanoi Re reports 62% net profit increase in Q3 2025

Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) reported an unaudited net profit after tax of VND 193,181,368,000 for the first nine months of 2025, marking a 62% increase compared to VND 119,195,044,808 in the same period of 2024. This growth was primarily driven by a 90% increase in gross profit from reinsurance activities, which reached VND 100.65 billion (up VND 47.77 billion), and a 32% increase in gross profit from financial activities, amounting to VND 172.62 billion (up VND 42.01 billion).

The company’s total assets as of September 30, 2025, stood at VND 7,955,891,696,153, up from VND 6,702,307,468,005 at the end of 2024. Short-term investments increased to VND 2,246,379,822,810 from VND 1,911,959,000,000, while long-term investments also grew from VND 1,260,863,272,810 to VND 1,730,218,022,710 during the same period.

Hanoi Re’s solvency margin as of September 30, 2025, was VND 1,085,346,454,739, significantly exceeding the minimum required solvency margin of VND 362,796,332,076, resulting in a solvency margin ratio of 299%. The company’s shares have been listed on the Hanoi Stock Exchange since December 24, 2020.