On the morning of April 23, 2024, Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) successfully held the Preliminary Conference for Quarter I/2024 and launched the business plan for the Quarter II/2024.

With the concerted efforts of the Leadership Board and all staff members, Hanoi Re has surpassed its planned targets for the first quarter of 2024. The estimated total revenue reached VND 823 billion, exceeding the plan by 126%. The pre-tax profit is estimated to reach VND 58.5 billion, surpassing the plan by 114%. Additionally, the corporation achieved a growth rate of 27% compared to the same period last year.

During the period, Hanoi Re also achieved significant milestones in corporate governance. Particularly, on March 28, 2024, Hanoi Re was reevaluated by A.M. Best, an international credit rating agency, which adjusted Hanoi Re’s outlook for long-term Issuer Credit Rating from stable to positive and reaffirmed its financial strength rating at B++ (Good).

To acknowledge achievements and encourage functional Divisions to continue striving to meet the planned targets in 2024, the Company has decided to reward the Business Divisions that have successfully completed their tasks in the first quarter of 2024 and achieved significant growth compared to the same period.

The conference also announced and enacted decisions regarding the transfer/appointment of business Divisions leaders/deputies: Mr. Hoang Quoc Anh has been appointed as the Head of Division 1, Ms. Hoang Tu Anh has been appointed as the Head of Division 4, and Mr. Pham Tung Khanh has been appointed as the Deputy Head of Division 2.