Closing 2025, PVI Insurance Corporation marked a highly symbolic milestone by officially surpassing USD 1 billion in revenue, becoming the first and only non-life insurer in Vietnam to achieve this scale.
PVI Insurance Successfully Hosts the 2025 Business Review Conference and Launches the 2026 Business Plan
In 2025, PVI Insurance recorded comprehensive growth across all key indicators. Total revenue reached VND 27,266 billion, achieving 137.3% of the annual plan and growing 33.5% year-on-year. Pre-tax profit reached VND 1,066 billion, fulfilling 134.5% of the plan and increasing 37.3% compared to 2024.
Amid rising claims costs driven by natural disasters, intense price competition, and increasing acquisition expenses across the market, these results once again affirmed PVI Insurance’s flexible leadership, effective risk governance, and strong cost control capabilities.
In its core business, gross written premiums exceeded VND 14,900 billion, representing 11.5% growth and a 16.9% market share. This marked the fourth consecutive year that PVI Insurance retained its position as Vietnam’s leading non-life insurer. Sustained growth alongside operational efficiency underscored the company’s strong underwriting capabilities, risk assessment expertise, and high-quality post-sale services.
Alongside direct insurance operations, PVI Insurance’s inward and outward reinsurance activities continued to deliver stable and effective growth. Notably, international reinsurance made a significant contribution to overall results, reinforcing the company’s financial strength, advanced risk management capabilities, and growing reputation in regional and global markets. In 2025, profits from reinsurance accounted for over 50% of total insurance operating profit.
In social insurance premium collection services, PVI Insurance exceeded its targets, with total collected premiums reaching VND 3,235 billion, recording an impressive 54% growth. Beyond opening a new business line, this activity significantly expanded PVI Insurance’s nationwide commercial footprint.
Digital Technology and E-Commerce: New Growth Engines
The year 2025 marked a strong breakthrough for e-commerce channels and technology application at PVI Insurance. In addition to strengthening existing products with strategic partners, the company expanded cooperation with new partners and diversified its product portfolio. As a result, e-commerce revenue nearly doubled compared to 2024, becoming a key growth driver for the future.
Parallel to digital channel expansion, PVI Insurance continued to invest selectively in IT infrastructure to enhance operational efficiency and risk control. The gradual integration of artificial intelligence (AI) into core systems supported process automation, improved accuracy in underwriting and e-commerce operations, and significantly shortened processing times, particularly in claims handling.
Throughout the year, multiple critical systems were upgraded, including e-commerce platforms, 24/7 App/Web applications, social insurance collection systems, automated invoicing, and digital payment solutions—collectively improving productivity, optimizing costs, and laying a solid technological foundation for sustainable growth.
Strong Financial Foundation and International Risk Governance Standards
Beyond business achievements, 2025 marked another important step in PVI Insurance’s international integration journey.
In September 2025, PVI Insurance increased its charter capital to VND 4,320 billion. Ahead of its 30th anniversary, the company further raised its charter capital to VND 5,000 billion in January 2026. This planned capital expansion not only strengthened financial capacity and met increasingly stringent solvency and risk governance requirements, but also demonstrated PVI Insurance’s long-term strategic vision.
With its expanded capital base, PVI Insurance continues to lead Vietnam’s non-life insurance market while creating a strong platform for new product development, accelerated digital transformation, and enhanced customer service quality.
In governance, PVI Insurance maintained its A– (Excellent) rating with a Stable Outlook from AM Best, reaffirming strong financial strength and risk management systems aligned with international standards.
International Recognition and Industry Honors
Internationally, 2025 marked a milestone year as PVI Insurance achieved a historic double win at the InsuranceAsia News (IAN) Awards for Excellence 2025, receiving both:
- General Insurer of the Year
- Underwriting Initiative of the Year
In addition, the company was named Top 3 Non-Life Insurance Company of the Year at the Asia Insurance Industry Awards (AIIA). These honors recognized PVI Insurance’s comprehensive operational capabilities, robust underwriting foundation, and advanced risk management—critical factors underpinning sustainable growth in the insurance industry.
