AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of PVI Insurance Corporation (PVI Insurance). The outlook of these Credit Ratings (ratings) is stable.
....Established in 2015, PVI AM was entrusted with managing the investment portfolios of companies within the PVI system, with the mission of optimizing financial efficiency and ensuring sustainable growth. Over the past decade, PVI AM has successfully fulfilled the mandate, working alongside PVI Insurance—Vietnam’s leading non-life insurer—and Hanoi Re—Vietnam’s top domestic reinsurer—to contribute significantly to the robust development of PVI Holdings.
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Corporate & Specialty insurer HDI Global SE has reported positive financial results for 2024 with strong growth in both revenue and earnings. Main drivers were growth in new business and partly inflation-related price adjustments. The full-year combined ratio stands at 90.0 (FY 2023: 91.5) percent. Insurance revenue totalled at EUR 10.0 (9.1) billion, for the first time in double-figures. Operating profit (EBIT) increased to EUR 702 (446) million and Return on Equity (RoE) rose by 3.3 percentage points to 17.6 (14.3) percent. HDI Global recently received an upgrade to AA- (very strong) by S&P Ratings, showcasing the long-term reliability of the worldwide acting insurer.
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