, Vietnam
162 views
/FWD

FWD Life Vietnam’s H1 2024 profit soars 70% YoY

Year-to-date, it reported a loss of $232.5m.

FWD Vietnam Life Insurance’s first-half (H1 2024) achieved a net profit of $11.6m, a 70% increase year-on-year (YoY). However, its revenue from insurance premiums dropped 22% YoY to $78.4m, reported The Investor VAFIE.

Meanwhile, the costs associated with its insurance business increased by 4% YoY to $46m, leading to a gross profit of $32m, down 43.2%.

As of end-June, the company reported a $232.5m loss, versus the $243.5m loss at the end of 2023. As of the same month, FWD Vietnam's total assets amounted to $817m, reflecting a 4.5% YoY increase from the end of 2023. 

The company's liabilities rose by 1.5% to $283.6m, whilst owner’s equity edged up 2.2% to $540m, supported by $770m in charter capital.

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!