21/04/2025
Hanoi Re Breaks Through with 17% Dividend After 8 Years at 16%, Affirming Position at the 2025 AGM
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.
Dividend Increased to 17% After 8 Consecutive Years at 16%
The most notable highlight of this year’s Annual General Meeting was the approval of a 17% dividend payout—marking a significant increase after Hanoi Re consistently maintained a 16% rate for the past eight years. This move underscores the company’s commitment to both sustainable business growth and maximizing 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. We are pleased to share the official:
