Fubon Insurance Vietnam maintains strong capital position

Operating performance is recovering after a dip in fiscal-year 2024.

Fubon Insurance Vietnam is expected to maintain a strong capital position and stable operating performance over the medium term, according to AM Best. 

The insurer’s balance sheet is underpinned by low net underwriting leverage and a conservative investment portfolio of cash and term deposits. 

Risk-adjusted capitalisation, as measured by AM Best’s Capital Adequacy Ratio (BCAR), is projected to remain at the strongest level.

Operating performance is recovering after a dip in fiscal-year 2024, when Typhoon Yagi and higher expenses weighed on underwriting results. 

Investment income has supported positive earnings, and the first nine months of 2025 showed signs of improvement following portfolio remediation actions.

Fubon Vietnam’s business profile remains limited, reflecting its small size and focus on non-life insurance in Vietnam, with a large portion of business from Taiwanese corporations. 

The company continues to benefit from the backing and brand recognition of its parent, Fubon Insurance, a leading insurer in Taiwan.