Shinhan Life Vietnam records a revenue of VNĐ402 billion in 2024

These results are expected to propel the company's comprehensive growth objectives for 2025.

 

Shinhan Life Vietnam offers a diverse portfolio of products designed to provide comprehensive and flexible insurance solutions, addressing the varied protection, savings, and investment needs of Vietnamese customers. — Photo courtesy of the company

HCM CITY — Shinhan Life Insurance Vietnam Limited Liability Company (Shinhan Life Vietnam) has  announced its 2024 financial report, with total assets amounting to VNĐ2.337 trillion (US$89.7 million).

Amid opportunities and challenges in 2024, Shinhan Life Vietnam has seen several notable results. The company’s total revenue reached VNĐ402 billion, with net revenue from insurance business operation amounting to VNĐ256 billion, reflecting a 19 per cent growth compared to the previous year.

The minimum solvency margin of 4.496 per cent in 2024 ensures the company maintains effective solvency throughout its insurance operations.

These results are expected to propel the company's comprehensive growth objectives for 2025.

Shinhan Life Vietnam offers a diverse portfolio of products designed to provide comprehensive and flexible insurance solutions, addressing the varied protection, savings, and investment needs of Vietnamese customers.

Throughout 2024, the company continued to focus on enhancing its infrastructure, strengthening the training of its staff and agents, and preparing for a phase of accelerated growth in the near future.

In its fourth year of operation in the market of Việt Nam, the company remains steadfast on its journey toward sustainable business development while making meaningful and long-term contributions to the community.

Shinhan Life Vietnam officially launched its Financial Consultant channel (FC Channel) at the beginning of 2024.

This underscores the company’s strong commitment to partnering with and providing Vietnamese customers with the most comprehensive and suitable financial protection solutions.

Beyond its business activities, the company is dedicated to continuing its journey of 'Bring Wonders to Life' through charity programmes and tangible community initiatives. Since commencing operations in Việt Nam, Shinhan Life has contributed over VNĐ2.8 billion to various charitable and community-sharing activities, aiming to integrate business with fulfilling social responsibilities.

In 2025, Shinhan Life Vietnam will continue to expand its business operations, strengthen distribution channels and launch insurance products at reasonable costs to accompany and provide customers with qualified and suitable financial protection solutions.

Officially operating in Việt Nam since January 2022, Shinhan Life Vietnam operates in life insurance, health insurance and financial investment, with a charter capital of VNĐ2.32 trillion. — VNS

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