Introduction

Bao Minh Joint Stock Corporation was established in 1994. In 2004, Bao Minh transformed from a state-owned enterprise into a joint-stock corporation and officially operated since October 1, 2004 – marking a milestone of transformation in the whole insurance industry in Vietnam; Bao Minh has succeeded in realizing its business goals of efficiency and growth. After 28 years of establishment and development, up to now Bao Minh Corporation is operating with a nationwide network of 62 member companies, 01 specialized training center in Ho Chi Minh City, and a team of staff up to 1,640 people and 4,249 professional agents, providing more than 100 types of insurance products on the market. Bao Minh always constantly improves and improves service quality and customer service with the motto "Bao Minh - Whole-hearted Service"

Currently, Bao Minh has been one of the leading enterprises in Vietnam's non-life insurance market, and has been re-ranked by A.M.Best for 6 consecutive years with a financial strength rating of B++ (Good) with stable development prospects, always maintaining its reputation and close and long-term relationship with the international insurance market.

At the end of 2021, total revenue reached VND 5,347 billion, up 6.41% compared to the previous year, equaling 106.4 % of the set plan. In which, original insurance premium revenue reached VND 4,496 billion, maintaining the "Top 4" of the non-life insurance market, reinsurance revenue: 524.4 billion, investment and financial income reached 326.3 billion VND. Profit before tax reached 306.2 billion VND, reaching 110.58% of the plan, ROE at 11% exceeded the plan by at least 10% set for the year, equaling 128.80% compared to 2020.