Hanoi Re delivers strong H1 2025 performance

Hanoi Re closed the first half of 2025 with outstanding results, achieving 127% of mid-year revenue targets and maintaining disciplined underwriting while securing strategic partnerships for future growth.

Hanoi Re closed the first half of 2025 on a strong note, posting total revenue of VND 1,838 billion—127 percent of the mid-year target and 9 percent higher than the same period last year. Profit before tax reached VND 127 billion, 123 percent of plan and likewise 9 percent ahead of 1H 2024.

The impressive performance was powered by VND 41 billion of underwriting profit—more than double budget—and VND 86 billion of investment income, up 4 percent despite a softer bond market. Disciplined underwriting kept the combined ratio at 94.8 percent, only 0.3 percentage points above last year, while operating efficiency translated top-line momentum into an EBIT of VND 131.2 billion and a return on equity of 12 percent.

Management attributes the performance to sustained demand in property and engineering lines, inflation-linked rate adjustments that protected margins, effective claims management, and a prudent tilt toward bonds that preserved yield amid interest-rate swings.

With the Vietnamese economy still buoyant and infrastructure investment accelerating insurance demand, Hanoi Re expects its positive trajectory to continue through year-end. In parallel, the company is advancing previously announced discussions to bring in a strategic foreign (re)insurance partner before December, aiming to reinforce capital strength, broaden underwriting capacity and support the medium-term ambition of lifting its AM Best rating.

Commenting on the results, CEO Trịnh Anh Tuấn said, “Surpassing our mid-year targets by such a margin is more than a numerical win; it validates the culture of ownership and agility we have built at Hanoi Re. We never chase growth for growth’s sake—every policy we underwrite reflects our commitment to capital efficiency and long-term partnerships. In the months ahead, we will stay focused on disciplined risk selection, relentless client service and, importantly, the successful onboarding of a strategic partner that shares our vision for sustainable expansion.”

For detailed financial information, please refer to our complete H1 2025 financial report available in the Investor Relations section.