Bao Viet Group (HOSE: BVH) recorded a revenue of around VND25.7 trillion (US$1.13 billion) in 2016, a 24 per cent surge over 2015, and 14 per cent higher than the target set.

According to the group’s audited financial results released on Monday, revenue from life insurance touched VND13.48 trillion, making up 52.4 per cent of the company’s total revenue. Non-life insurance revenue reached VND7.19 trillion or 28 per cent, while revenue from financial services and other areas totalled around VND5 trillion or 19.6 per cent.

The group’s total assets last year was VND14.5 trillion, a significant 25 per cent increase compared to the same period in 2015, data revealed.

Privatised in 2007, Bao Viet Group aims to become a leader in both life and non-life insurance markets by 2020, as well as in fund management. The group now has 170 branches nationwide. — VNS