On April 21, 2025, Hanoi Reinsurance Joint Stock Corporation (Hanoi Re, tickle symbol: PRE) successfully held its 2025 Annual General Meeting of Shareholders (AGM). The event recorded an impressive attendance rate of 98.13% of total voting shares, reflecting the strong support from shareholders and reaffirming Hanoi Re’s reputation and standing in Vietnam’s insurance market.
16% Dividend Maintained for 2024, 17% Approved for 2025
The AGM approved a 16% dividend payout for 2024, continuing an eight-year streak of stable returns.
Notably, shareholders also approved the proposal to increase the dividend to 17% for 2025—an affirmation of Hanoi Re’s sustainable growth and ongoing commitment to enhancing shareholder value.
Resilience Amidst Typhoon Yagi
In 2024, the insurance industry faced significant challenges due to Typhoon Yagi, which caused substantial losses in several regions and drove up claims, particularly in property and motor insurance. Despite these headwinds, Hanoi Re met its business targets, underpinned by a scientific risk management strategy, flexible technological infrastructure, and a strong partner network:
Total revenue: VND 3,017.3 billion—surpassing VND 3,000 billion for the first time and achieving 107% of the target.
Profit before tax: VND 240.2 billion—fulfilling 100% of the annual plan.
Reinsurance and financial investment activities continued to grow steadily, contributing significantly to overall performance.
Additionally, Hanoi Re maintained a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating (ICR) of “bbb” from A.M. Best, with the outlook upgraded from “stable” to “positive”. It also retained the highest National Scale Rating (NSR) in Vietnam: aaa.VN (Excellent).
International Outlook and Strategic Expansion
In May 2025, Hanoi Re is set to host the International Reinsurance Conference in Dalat under the theme “Connecting Leaders, Sharing Vision at 1500.” The event will gather approximately 200 leaders, senior executives from insurance, reinsurance, broking, and loss-adjusting companies across more than 15 countries—offering vast opportunities for collaboration and strategic partnerships.
Affirming a Vision of Sustainable Growth
The decision to maintain a 16% dividend for 2024 and raise it to 17% for 2025 underscores Hanoi Re’s strong internal foundation and steady performance amid market volatility. This achievement highlights the company’s long-term vision for sustainable development and value creation for shareholders.
Hanoi Re sincerely thanks all shareholders and partners for their continued trust, support, and collaboration.
