PVI successfully organized the Annual General Meeting of Shareholders in 2022

10:05' CH - Tuesday, 05/04/2022

On 5th April, 2022, at the headquarters of PVI building, No. 1 Pham Van Bach, Cau Giay, Hanoi, PVI successfully held the 2022 Annual General Meeting of Shareholders.

Attending the General Meeting of Shareholders were representatives of PVI's major shareholders: HDI Global SE, Vietnam Oil and Gas Group (Petrovietnam), Funderburk Lighthouse Co., Ltd., International Finance Company (IFC) and other shareholders/mandaters with a participation rate equivalent to 92.73% of the total voting shares. There were representatives of PVI leaders and companies in the PVI system attending included: PVI Insurance, PVI Reinsurance, PVI Asset Management.

The Presidium of the General Meeting included: Mr. Jens Holger Wohlthat, Chairman of the Board of Directors of PVI; Mr. Nguyen Xuan Hoa, Standing Vice Chairman of the Board of Directors / CEO of PVI; Mr. Duong Thanh Francois, Member of the Board of Directors of PVI.

The Presidium of Meetings

Facing many difficulties and challenges of the whole market, PVI has had certain influences, however, due to the characteristics of the insurance business, the influence will be delayed. Along with the right development strategies and synchronous implementation of solutions, the whole PVI system continued to overcome difficulties and successfully complete all tasks and targets of the 2021 plan assigned by the General Meeting of Shareholders /Board of Directors.

Specifically, consolidated revenue in 2021 reached 11,107 billion dong, consolidated pre-tax profit reached more than 1,101 billion dong, exceeding the year plan. With business results exceeding the planned targets, PVI submitted to the General Meeting of Shareholders the plan to pay a dividend of 33% in cash, equivalent to a payment of about 773 billion VND.

Shareholders vote at the meeting

This is the seventh consecutive year that PVI has paid a high dividend rate of 20% or more and 2021 is the year with the highest dividend payment in PVI's history since its establishment. PVI sets a target for 2022 with a total consolidated revenue of 11,652 billion VND, an increase of 4.9% compared to 2021 and a pre-tax profit of 911 billion VND

Besides, PVI sets the targer to hold the No. 1 position in the non-life insurance market in terms of operational efficiency; continue to follow up and successfully resume services in the oil and gas field; strengthen the implementation of insurance services outside the oil and gas sector; continue to control and improve the efficiency of the retail system, enhance the efficiency of domestic and international reinsurance business. The Company set out the task of maintaining the international credit rating at B++ for the non-life insurance and reinsurance sectors and implementing a credit rating for the Parent Company in order to optimize cost of raising capital.

The 2022 Annual General Meeting of Shareholders elected PVI's Board of Directors and Supervisory Board for the term 2022-2027. PVI's Board of Directors for the term 2022-2027 held the first meeting, unanimously elected Mr. Jens Holger Wohlthat to continue to hold the position of Chairman of PVI's Board of Directors, Mr. Nguyen Xuan Hoa to hold the position of Standing Vice Chairman of the Board of Directors, Mr. Duong Thanh Francois holds the position of Vice Chairman of the Board of Directors. The Board of Directors has also appointed the chairpersons of the affiliated committees as follows: Mrs. Bui Thi Nguyet - Chairwoman of the Committee on Auditing & Risk Management; Mr. Doan Linh - Chairman of Strategy & Development Committee; Mr. Ulrich Wollschlager - Chairman of Investment Committee; Mr. Duong Thanh Francois - Chairman of Remuneration and Appointment Committee. At the General Meeting, it was agreed that the Supervisory Board for the term 2022-2027 consists of 4 members, in which, unanimously elected Mrs. Ha Lan to continue to hold the position of Head of the Supervisory Board for the new term.

Board of Directors for the term 2022-2027

Supervisory Board for the term 2022-2027

PVI Share

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