Vietnam National Reinsurance Corp 2020 Annual Report with Sustainability Disclosures
The report highlights Vietnam National Reinsurance Corporation's (VINARE) performance in 2020, during which the company achieved a gross written premium of VND 2,448 billion, representing a 10.2% year-on-year growth. Despite challenges from the COVID-19 pandemic and natural disasters, VINARE recorded a consolidated pre-tax profit of VND 377 billion and maintained a solvency margin five times the minimum required. The company committed to sustainable development by aligning its strategy with six UN Sustainable Development Goals for 2020-2025, focusing on economic growth, climate action, and social contributions. Additionally, VINARE maintained its financial strength rating of 'B++' from AM Best and proposed a 15% dividend payout for the fiscal year.
Company: Vietnam National Reinsurance Corp
Sector: Finance & insurance
Country: Vietnam
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 65
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Vietnam National Reinsurance Corp
Annual Report
The report highlights Vietnam National Reinsurance Corporation's (VINARE) performance in 2020, during which the company achieved a gross written premium of VND 2,448 billion, representing a 10.2% year-on-year growth. Despite challenges from the COVID-19 pandemic and natural disasters, VINARE recorded a consolidated pre-tax profit of VND 377 billion and maintained a solvency margin five times the minimum required. The company committed to sustainable development by aligning its strategy with six UN Sustainable Development Goals for 2020-2025, focusing on economic growth, climate action, and social contributions. Additionally, VINARE maintained its financial strength rating of 'B++' from AM Best and proposed a 15% dividend payout for the fiscal year.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees