The figure surpassed the six-month target by 3% and fulfilled 52.5% of the yearly goal.
PVI reinsurance was estimated at VND953 billion (US$42.88 million). Its pre-tax profit stood at VND455 billion (US$20.47 million), exceeding the half-year target by 13%.
Formerly known as PetroVietnam Insurance Company, PVI was founded in 1996 and was one of the first enterprises in Vietnam to implement equitisation to become PetroVietnam Insurance Joint Stock Corporation in 2006. It was listed on the stock market in 2007 with stock code PVI.
PVI was named in the 50 best brands in Vietnam in 2015 by Brand Finance, a London-based brand valuation organisation. In June 2016, it was honoured by the Vietnamese edition of Forbes Magazine as one of the 40 most valuable brands nationwide and leading in the fields of finance and insurance. The magazine also listed PVI among the 50 best companies in the Vietnamese stock market.
