Bao Viet Holdings (HOSE:BVH)

Bao Viet Holdings Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	40,106,893	39,126,184	39,347,977	39,907,574	35,894,484	33,443,676
Total Interest & Dividend Income	12,843,680	12,567,726	13,472,006	6,188,111	5,488,302	6,320,615
Gain (Loss) on Sale of Investments	14,863	8,742	-8,124	3,653,851	3,325,561	3,057,926
Non-Insurance Activities Revenue	468,882	555,874	602,344	607,102	750,299	433,287
Other Revenue	741,748	696,992	737,502	780,673	935,654	1,080,368
Total Revenue	54,176,067	52,955,517	54,151,705	51,137,311	46,394,300	44,335,873
Revenue Growth (YoY)	0.81%	-2.21%	5.90%	10.22%	4.64%	7.14%
Policy Benefits	35,394,846	36,602,851	38,536,797	36,054,912	31,417,579	29,683,469
Policy Acquisition & Underwriting Costs	2,635,087	2,489,113	2,517,236	2,811,768	2,928,816	3,094,850
Selling, General & Administrative	8,585,260	7,071,399	6,049,095	6,301,478	6,262,427	6,122,675
Non-Insurance Activities Expense	460,345	545,882	611,365	588,173	676,872	417,934
Other Operating Expenses	1,585,245	1,564,707	1,528,083	1,625,867	1,798,609	1,384,270
Total Operating Expenses	48,660,782	48,273,953	49,242,575	47,382,199	43,084,302	40,703,198
Operating Income	5,515,285	4,681,564	4,909,130	3,755,112	3,309,997	3,632,674
Interest Expense	-1,719,973	-1,400,727	-2,127,803	-1,026,177	-639,339	-998,138
Earnings From Equity Investments	109,261	94,085	102,049	86,452	92,994	70,012
Currency Exchange Gain (Loss)	-10,067	-13,928	-16,100	-16,219	7,613	3,832
Other Non Operating Income (Expenses)	-819,230	-698,637	-604,513	-791,214	-374,967	-756,226
EBT Excluding Unusual Items	3,075,276	2,662,358	2,262,763	2,007,953	2,396,297	1,952,155
Gain (Loss) on Sale of Assets	1,469	813.78	668.13	2,210	1,737	1,131
Pretax Income	3,076,744	2,663,171	2,263,432	2,010,164	2,398,034	1,953,286
Income Tax Expense	549,564	469,003	382,129	384,557	379,620	303,439
Earnings From Continuing Ops.	2,527,180	2,194,169	1,881,303	1,625,606	2,018,414	1,649,847
Minority Interest in Earnings	-81,185	-83,672	-75,986	-74,612	-106,720	-52,259
Net Income	2,445,995	2,110,497	1,805,317	1,550,994	1,911,694	1,597,588
Preferred Dividends & Other Adjustments	-21,153	-	-	37,748	36,586	41,191
Net Income to Common	2,467,148	2,110,497	1,805,317	1,513,246	1,875,108	1,556,398
Net Income Growth	29.52%	16.91%	16.40%	-18.87%	19.66%	34.42%
Shares Outstanding (Basic)	742	742	742	742	742	742
Shares Outstanding (Diluted)	742	742	742	742	742	742
Shares Change (YoY)	-0.49%	-	-	-	-	5.67%
EPS (Basic)	3323.55	2843.10	2431.98	2038.53	2526.00	2096.66
EPS (Diluted)	3323.55	2843.10	2431.98	2038.53	2526.00	2096.66
EPS Growth	30.89%	16.91%	19.30%	-19.30%	20.48%	28.95%
Free Cash Flow	14,490,999	8,283,928	8,297,625	8,938,338	12,083,883	11,564,707
Free Cash Flow Per Share	19521.16	11159.47	11177.92	12041.04	16278.48	15579.08
Dividend Per Share	1055.100	1055.100	1003.700	954.000	3026.100	898.500
Dividend Growth	5.12%	5.12%	5.21%	-68.47%	236.79%	12.31%
Operating Margin	10.18%	8.84%	9.07%	7.34%	7.13%	8.19%
Profit Margin	4.55%	3.98%	3.33%	2.96%	4.04%	3.51%
Free Cash Flow Margin	26.75%	15.64%	15.32%	17.48%	26.05%	26.08%
EBITDA	5,718,493	4,982,140	5,113,025	3,966,916	3,536,309	3,839,672
EBITDA Margin	10.55%	9.41%	9.44%	7.76%	7.62%	8.66%
D&A For EBITDA	203,208	300,576	203,895	211,804	226,312	206,998
EBIT	5,515,285	4,681,564	4,909,130	3,755,112	3,309,997	3,632,674
EBIT Margin	10.18%	8.84%	9.07%	7.34%	7.13%	8.19%
Effective Tax Rate	17.86%	17.61%	16.88%	19.13%	15.83%	15.53%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.