The financial statements of PRE

Income statement, balance sheet and cash flow, by quarter and by year. Unit: VND billion, unless a line states otherwise.

Item	2025	2024
1. Insurance premium (01=01.1+01.2-01.3)	2,775.8	2,431.8
- Reinsurance premium assumed	3,107.0	2,483.4
- Increase/(Decrese) in gross unearned premium reserve	331.3	51.5
2. Reinsurance premium ceded	1,354.7	1,329.5
- Reinsurance premium ceded	1,494.3	1,248.1
-Increase/(Decrease) in ceded unearned premium reserve	139.6	-81.4
3. Net insurance premium (03=01-02)	1,421.1	1,102.3
4. Commission on reinsurance ceded and other insurance income (04=04.1+04.2)	287.7	259.3
- Commissions on reinsurance ceded	251.5	226.9
5. Total net revenue from insurance business (10=03+04)	1,708.8	1,361.6
6. Claim expenses on retained risks	1,135.4	833.5
Total claim expenses	1,135.4	833.5
+ Claim and maturity payment expenses	1,135.4	833.5
7. Recoveries from reinsurance ceded	718.1	526.9
8. Increase(Decrease) in claim reserves for direct insurance and reinsurance assumed	-80.5	624.2
9. Increase(Decrease) in claim reserves related to reinsurance ceded	-348.0	349.4
9.1. Increase in claim reserve	267.4	274.8
Total claim insurance expenses	684.8	581.4
11. Provision for catastrophe reserve	48.4	-47.9
12. Other insurance operating expenses	854.4	758.3
+ Commission	749.0	651.1
Other insurance operating expenses	105.3	107.2
- Other underwriting expenses	105.3	107.2
+ Others	73.1	57.1
13. Total direct insurance operating expenses	1,587.5	1,291.7
14. Gross insurance operating profit	121.2	69.8
18. Revenue from financial activities	295.8	274.7
19. Expenses on financial activities	73.1	57.1
20. Profit from financial activities	222.7	217.6
21. Administrative expenses	42.0	46.7
22. Operating profit	302.0	240.8
23. Other incomes	36.2	32.4
24. Other expenses	0.5	0.6
25. Other profits	-0.5	-0.6
26. Total profit	301.4	240.2
29. Total profit before tax (55=44+50+53+54)	301.4	240.2
Taxable profit	301.4	240.2
27. Current corporate income tax expenses	61.8	49.7
29. Profit after tax	239.6	190.5
31. Profit after tax for shareholders of the parent compan	239.6	190.5
32. Earning per share VND per share	2,215.00	1,761.00

Item	2025	2024
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	5,842.3	5,717.6
I. Cash and cash equivalents	37.5	8.7
1. Cash	37.5	8.7
II. Short-term investments	2,388.8	2,229.1
1. Short-term investments	2,388.8	2,229.1
III. Short-term receivables	776.8	668.0
1. Trade accounts receivable	779.1	670.3
1.1. Insurance contract receivables	662.7	533.0
12. Other receivables of customers	116.4	137.3
5. Other receivables	1.0	1.2
6. Provision for short-term doubtful debts	-3.3	-3.5
V. Other short-term assets	413.2	377.3
1. Short-term prepayments	412.9	377.1
1.1. Unallocated commissions expenses	412.7	376.8
1.2. Other short-term prepaid expenses	0.2	0.3
3. Taxes and other receivables from state authorities	0.3	0.2
VIII. Reinsurance assets	2,226.0	2,434.4
1. Reinsurance assets from unearned premium reserves	752.4	612.8
2. Reinsurance assets from claim reserves	1,473.6	1,821.6
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,619.2	983.4
I. Long-term receivables	10.0	10.0
6. Other long-term receivables	10.0	10.0
II. Fixed assets	1.8	2.5
1. Tangible fixed assets	1.6	2.1
- Cost	10.3	10.1
- Accumulated depreciation	-8.7	-7.9
3. Intangible fixed assets	0.2	0.4
- Cost	25.3	25.2
- Accumulated depreciation	-25.1	-24.8
IV. Long-term investments	1,581.8	943.7
VI. Other long-term assets	25.7	27.2
1. Long-term prepayments	25.7	27.2
TOTAL ASSETS (270=100+200)	7,461.5	6,701.0
A. LIABILITIES (300=210+330)	5,794.8	5,091.0
I. Short -term liabilities	5,794.8	5,091.0
1. Short-term borrowings	242.0	—
2. Trade accounts payable	889.0	804.8
2.1. Insurance contract payable	849.1	764.3
2.2. Other payables to suppliers	39.9	40.4
4. Taxes and other payables to state authorities	19.7	17.7
5. Payable to employees	40.6	4.3
8. Other payables	7.9	11.4
9. Unearned commission revenues	146.7	102.4
11. Bonus and welfare fund	7.3	7.4
131. Unearned premium reserve	1,615.9	1,284.7
132. Claim reserve	2,632.2	2,713.4
133. Catastrophe reserve	193.3	144.9
B. OWNER'S EQUITY (400=410+430)	1,666.7	1,610.0
I. Owner's equity	1,666.7	1,610.0
1. Capital from owners	1,044.0	1,044.0
- Common stock with voting right VND per share	1,044,000,000,000.00	1,044,000,000,000.00
2. Share premium	329.3	329.3
9. Compulsory reserves	93.4	81.4
11. Undistributed earnings after tax	200.0	155.3
- Accumulated retained earning at the end of the previous period	102.8	—
- Undistributed earnings in this period	97.1	—
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	7,461.5	6,701.0

Item	2025	2024
Income tax paid	-55.8	-79.5
Other receipts from operating activities	8.9	—
Other payments for operating activities	-90.3	—
Net cash flows from operating activities	480.7	334.4
1. Payment for fixed assets, constructions and other long-term assets	-0.2	-0.5
2. Receipts from disposal of fixed assets and other long-term assets	—	198.2
4. Receipts from loan repayments, sale of other entities' debt instruments	2,362.7	1,619.9
5. Payments for investment in other entities	-3,160.8	-1,999.0
7. Dividends, interest and profit received	280.1	—
Net cash flows from investing activities	-518.1	-181.5
3. Short-term and long-term borrowings	855.1	677.9
4. Principal repayments	-613.1	-677.9
6. Dividends paid, profits distributed to owners	-176.0	-165.7
Net cash flows from financing activities	66.0	-165.7
Net cash flows during the period	28.5	-12.8
Cash and cash equivalents at beginning of the period	8.7	21.1
Exchange difference due to re-valuation of ending balances	0.3	0.3
Cash and cash equivalents at end of the period	37.5	8.7

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
1. Insurance premium (01=01.1+01.2-01.3)	857.0	852.4	649.5	662.2	717.9	746.1	523.3	601.5	617.5	689.5
- Gross written premium	—	—	—	—	—	—	—	—	—	695.0
- Reinsurance premium assumed	902.2	918.2	790.7	740.0	776.9	799.6	471.8	583.0	733.7	—
- Increase/(Decrese) in gross unearned premium reserve	45.2	65.7	141.2	77.7	59.0	53.4	-51.6	-18.6	116.2	5.5
2. Reinsurance premium ceded	390.3	457.4	333.0	345.4	323.2	353.1	327.6	323.2	309.9	368.8
- Reinsurance premium ceded	427.0	518.1	394.4	376.3	349.8	373.7	237.1	317.7	341.5	351.9
-Increase/(Decrease) in ceded unearned premium reserve	36.7	60.7	61.4	30.9	26.6	20.6	-90.6	-5.6	31.6	-16.9
3. Net insurance premium (03=01-02)	466.7	395.0	316.6	316.8	394.7	393.0	195.7	278.3	307.5	320.7
4. Commission on reinsurance ceded and other insurance income (04=04.1+04.2)	84.2	91.1	85.6	66.2	68.4	67.5	51.2	62.9	68.8	76.3
- Commissions on reinsurance ceded	81.0	86.8	68.7	62.4	63.2	57.2	47.8	55.9	56.6	66.5
5. Total net revenue from insurance business (10=03+04)	550.8	486.1	402.1	383.0	463.2	460.5	246.9	341.2	376.4	397.1
6. Claim expenses on retained risks	431.6	303.3	355.3	185.0	212.0	383.0	193.1	97.2	354.5	188.7
Total claim expenses	431.6	303.3	355.3	185.0	212.0	383.0	193.1	97.2	354.5	188.7
+ Claim and maturity payment expenses	431.6	303.3	355.3	185.0	212.0	383.0	193.1	97.2	354.5	188.7
7. Recoveries from reinsurance ceded	244.8	177.1	229.6	72.4	143.6	272.4	121.3	45.1	277.2	83.3
8. Increase(Decrease) in claim reserves for direct insurance and reinsurance assumed	294.1	-3.1	-359.7	12.5	312.6	-55.3	311.6	618.4	-126.4	-179.3
9. Increase(Decrease) in claim reserves related to reinsurance ceded	244.1	-62.2	-390.9	-29.6	202.6	-142.8	224.2	524.1	-185.9	-213.0
9.1. Increase in claim reserve	50.0	59.1	31.2	42.0	110.0	87.5	87.3	94.3	59.5	33.7
Total claim insurance expenses	236.8	185.3	156.9	154.6	178.4	198.1	159.2	146.4	136.8	139.1
11. Provision for catastrophe reserve	14.3	12.0	11.9	10.9	12.8	12.8	-78.0	8.0	11.8	10.3
12. Other insurance operating expenses	267.5	237.2	215.6	177.2	246.0	215.3	148.8	190.8	200.2	218.6
+ Commission	242.1	25.7	179.7	152.9	224.8	191.6	126.8	163.3	168.9	192.1
Other insurance operating expenses	25.4	25.7	35.9	24.4	21.2	23.6	22.0	27.4	31.2	26.5
- Other underwriting expenses	25.4	25.7	35.9	24.4	21.2	23.6	22.0	27.4	31.2	26.5
+ Others	25.4	14.0	14.0	20.9	23.3	16.3	16.1	15.4	16.1	9.5
13. Total direct insurance operating expenses	518.6	434.4	384.4	342.7	437.2	426.1	230.0	345.1	348.7	368.0
14. Gross insurance operating profit	32.2	51.7	17.7	40.3	26.0	34.3	16.9	-3.9	27.7	29.1
18. Revenue from financial activities	80.0	73.3	62.6	107.6	67.5	58.0	103.1	63.5	57.7	50.4
19. Expenses on financial activities	22.7	14.0	14.0	20.9	23.3	16.3	16.1	15.4	16.1	9.5
20. Profit from financial activities	57.3	59.3	48.7	86.7	44.2	41.7	87.0	48.1	41.6	40.9
21. Administrative expenses	10.2	10.1	11.3	10.9	7.4	11.9	15.1	9.5	11.2	11.0
22. Operating profit	79.4	100.9	55.1	116.1	62.9	64.1	88.9	34.7	58.1	59.0
23. Other incomes	—	4.2	16.9	3.8	5.2	10.2	3.4	7.0	12.2	9.8
24. Other expenses	—	—	0.0	0.4	0.1	—	0.1	0.0	0.0	0.5
25. Other profits	—	—	-0.0	-0.4	-0.1	—	-0.1	-0.0	-0.0	-0.5
Share of profitin associates and joint ventures	—	—	16.9	3.8	5.2	10.2	3.4	7.0	12.2	9.8
26. Total profit	79.4	100.9	55.1	115.7	62.8	64.1	88.8	34.7	58.1	58.5
29. Total profit before tax (55=44+50+53+54)	79.4	100.9	55.1	115.7	62.8	64.1	88.8	34.7	58.1	58.5
Taxable profit	79.4	100.9	55.1	115.7	62.8	64.1	88.8	34.7	58.1	58.5
27. Current corporate income tax expenses	16.6	20.1	11.9	24.5	12.2	12.7	17.9	8.8	11.8	11.6
29. Profit after tax	62.8	80.7	43.1	91.2	50.6	51.4	70.9	25.9	46.2	47.0
31. Profit after tax for shareholders of the parent compan	62.8	80.7	43.1	91.2	50.6	51.4	70.9	25.9	46.2	47.0
32. Earning per share VND per share	580.00	746.00	399.00	843.00	468.00	475.00	655.00	240.00	427.00	434.00

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	6,240.2	5,792.1	5,832.0	6,187.9	6,323.5	5,555.3	5,717.6	5,652.8	5,410.5	5,000.1
I. Cash and cash equivalents	225.0	88.6	37.5	40.4	17.6	11.0	8.7	9.5	99.4	9.2
1. Cash	225.0	88.6	37.5	40.4	17.6	11.0	8.7	9.5	19.4	9.2
2. Cash equivalents	—	—	—	—	—	—	—	—	80.0	—
II. Short-term investments	2,079.2	2,146.8	2,391.2	2,246.4	2,453.2	1,944.1	2,229.1	2,276.1	2,232.4	1,964.4
1. Short-term investments	—	—	—	—	—	—	2,229.1	2,276.1	2,232.4	1,964.4
3. Held to maturity investments	2,079.2	2,146.8	2,391.2	2,246.4	2,453.2	1,944.1	—	—	—	—
III. Short-term receivables	993.3	883.9	776.7	955.7	920.3	911.6	668.0	722.2	927.0	777.8
1. Trade accounts receivable	996.3	885.0	779.1	957.1	919.6	914.8	670.3	721.2	927.2	779.3
1.1. Insurance contract receivables	996.2	884.9	662.7	825.4	794.4	786.6	533.0	585.0	793.2	664.6
12. Other receivables of customers	0.1	0.1	116.4	131.7	125.2	128.2	137.3	136.3	134.0	114.8
5. Other receivables	1.5	2.5	0.9	2.0	3.6	0.4	1.2	3.1	2.3	2.1
6. Provision for short-term doubtful debts	-4.6	-3.6	-3.3	-3.3	-2.9	-3.7	-3.5	-2.1	-2.5	-3.6
V. Other short-term assets	437.3	448.2	413.2	402.6	390.9	376.4	377.3	344.2	369.5	312.2
1. Short-term prepayments	437.1	448.0	412.9	402.4	390.7	373.9	377.1	343.9	369.2	310.9
1.1. Unallocated commissions expenses	435.9	447.4	412.7	401.8	390.2	373.8	376.8	343.3	368.5	310.5
1.2. Other short-term prepaid expenses	1.2	0.6	0.2	0.6	0.5	0.1	0.3	0.6	0.7	0.4
3. Taxes and other receivables from state authorities	0.2	0.2	0.3	0.2	0.2	2.4	0.2	0.3	0.3	1.2
VIII. Reinsurance assets	2,505.3	2,224.5	2,213.4	2,542.8	2,541.5	2,312.2	2,434.4	2,300.7	1,782.2	1,936.5
1. Reinsurance assets from unearned premium reserves	849.8	813.1	752.4	690.9	660.0	633.4	612.8	703.3	708.9	677.3
2. Reinsurance assets from claim reserves	1,655.5	1,411.4	1,461.0	1,851.9	1,881.5	1,678.8	1,821.6	1,597.4	1,073.3	1,259.2
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	2,212.2	2,172.2	1,616.9	1,768.0	1,542.2	1,687.8	983.4	1,094.0	979.5	1,054.1
I. Long-term receivables	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0
6. Other long-term receivables	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0
II. Fixed assets	1.4	1.6	1.8	1.8	2.0	2.2	2.5	2.7	2.9	3.1
1. Tangible fixed assets	1.3	1.4	1.6	1.6	1.8	1.9	2.1	2.3	2.3	2.4
- Cost	10.3	10.3	10.3	10.2	10.2	10.1	10.1	10.0	9.9	9.7
- Accumulated depreciation	-9.0	-8.8	-8.7	-8.5	-8.3	-8.1	-7.9	-7.7	-7.5	-7.3
3. Intangible fixed assets	0.1	0.1	0.2	0.1	0.2	0.3	0.4	0.5	0.6	0.7
- Cost	25.3	25.3	25.3	25.2	25.2	25.2	25.2	25.2	25.2	25.2
- Accumulated depreciation	-25.2	-25.2	-25.1	-25.1	-25.0	-24.9	-24.8	-24.7	-24.6	-24.5
IV. Long-term investments	2,175.8	2,135.4	1,579.4	1,730.2	1,503.7	1,648.7	943.7	1,053.7	938.7	1,012.7
5. Held to maturity investments	—	—	—	—	—	—	—	—	—	1,012.7
VI. Other long-term assets	25.0	25.3	25.7	26.1	26.4	26.8	27.2	27.6	27.9	28.3
1. Long-term prepayments	25.0	25.3	25.7	26.1	26.4	26.8	27.2	27.6	27.9	28.3
TOTAL ASSETS (270=100+200)	8,452.4	7,964.3	7,448.9	7,955.9	7,865.7	7,243.0	6,701.0	6,746.9	6,390.0	6,054.2
A. LIABILITIES (300=210+330)	6,650.5	6,216.8	5,785.5	6,205.1	6,160.4	5,581.6	5,091.5	5,088.1	4,710.3	4,413.7
I. Short -term liabilities	6,650.5	6,216.8	5,785.5	6,205.1	6,160.4	5,581.6	5,091.5	5,088.1	4,710.3	4,413.7
1. Short-term borrowings	324.1	342.5	242.0	355.7	449.4	256.3	—	173.2	237.2	223.7
2. Trade accounts payable	1,223.2	1,140.1	889.0	1,028.3	1,014.1	1,030.4	804.8	807.4	964.0	699.0
2.1. Insurance contract payable	1,149.9	1,065.9	849.1	954.3	939.0	960.4	764.3	763.6	930.2	659.1
2.2. Other payables to suppliers	73.2	74.2	39.9	74.0	75.2	70.0	40.4	43.8	33.9	39.9
4. Taxes and other payables to state authorities	28.8	28.0	19.3	25.3	12.9	12.7	18.2	10.0	12.9	11.9
5. Payable to employees	11.1	12.0	41.5	8.5	5.1	4.3	4.3	9.3	8.9	7.2
8. Other payables	11.6	9.8	7.6	13.6	14.8	8.9	11.4	14.4	14.6	11.7
9. Unearned commission revenues	173.1	163.7	146.7	129.3	116.6	110.5	102.4	107.1	111.1	105.2
11. Bonus and welfare fund	9.1	4.7	7.3	5.7	9.1	4.7	7.4	5.9	8.4	3.3
131. Unearned premium reserve	1,726.9	1,681.7	1,615.9	1,474.8	1,397.1	1,338.1	1,284.7	1,336.2	1,354.8	1,238.6
132. Claim reserve	2,923.2	2,629.1	2,622.8	2,982.5	2,970.7	2,658.1	2,713.4	2,401.8	1,783.5	1,909.9
133. Catastrophe reserve	219.6	205.3	193.3	181.4	170.5	157.7	144.9	222.9	214.9	203.2
B. OWNER'S EQUITY (400=410+430)	1,801.8	1,747.5	1,663.3	1,750.8	1,705.3	1,661.4	1,609.5	1,658.7	1,679.7	1,640.5
I. Owner's equity	1,801.8	1,747.5	1,663.3	1,750.8	1,705.3	1,661.4	1,609.5	1,658.7	1,679.7	1,640.5
1. Capital from owners	1,044.0	1,044.0	1,044.0	1,044.0	1,044.0	1,044.0	1,044.0	1,044.0	1,044.0	1,044.0
- Common stock with voting right VND per share	1,044,000,000,000.00	1,044,000,000,000.00	1,044,000,000,000.00	1,044,000,000,000.00	1,044,000,000,000.00	1,044,000,000,000.00	1,044,000,000,000.00	1,044,000,000,000.00	1,044,000,000,000.00	1,044,000,000,000.00
2. Share premium	329.3	329.3	329.3	329.3	329.3	329.3	329.3	329.3	329.3	329.3
9. Compulsory reserves	100.6	97.5	93.3	91.1	86.5	84.0	81.4	77.8	76.5	74.2
11. Undistributed earnings after tax	327.9	276.7	196.8	286.4	245.5	204.1	154.8	207.6	229.9	193.0
- Accumulated retained earning at the end of the previous period	191.6	200.0	102.8	102.8	148.6	155.3	—	—	—	—
- Undistributed earnings in this period	136.3	76.7	93.9	183.5	96.9	48.8	—	—	—	—
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	8,452.4	7,964.3	7,448.9	7,955.9	7,865.7	7,243.0	6,701.0	6,746.9	6,390.0	6,054.2

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Income tax paid	-13.8	-19.3	-12.9	-42.9	-30.3	-17.5	-13.3	-66.2	-50.0	-35.3
Other receipts from operating activities	0.1	0.3	4.0	4.9	5.2	0.3	—	—	—	—
Other payments for operating activities	-20.5	-18.6	-14.1	-76.2	-44.6	-24.6	—	—	-3.0	—
Net cash flows from operating activities	59.0	83.5	158.6	322.1	230.7	109.8	39.2	295.2	162.1	-81.1
1. Payment for fixed assets, constructions and other long-term assets	-0.1	-0.0	-0.1	-0.1	-0.1	-0.0	-0.2	-0.3	-0.3	-0.2
2. Receipts from disposal of fixed assets and other long-term assets	—	—	—	—	—	—	198.2	—	—	—
4. Receipts from loan repayments, sale of other entities' debt instruments	860.9	667.3	661.0	1,701.8	844.4	490.4	463.0	1,156.9	584.0	267.0
5. Payments for investment in other entities	-882.6	-866.7	-657.5	-2,503.3	-1,628.5	-910.4	-306.0	-1,693.0	-961.5	-450.5
7. Dividends, interest and profit received	117.3	66.4	78.4	201.8	113.0	56.2	—	103.2	56.4	28.9
Net cash flows from investing activities	95.6	-133.0	81.7	-599.8	-671.3	-363.9	251.9	-433.4	-321.4	-154.8
3. Short-term and long-term borrowings	248.3	294.6	164.2	690.9	478.1	256.3	285.1	—	392.8	223.7
4. Principal repayments	-266.7	-194.2	-277.9	-335.2	-28.7	—	-252.0	-425.9	-155.6	—
6. Dividends paid, profits distributed to owners	—	—	-129.4	-46.6	-0.0	—	-119.1	-46.6	—	—
Net cash flows from financing activities	-18.4	100.5	-243.1	309.1	449.4	256.3	-292.3	126.6	237.2	223.7
Net cash flows during the period	136.1	51.0	-2.8	31.4	8.8	2.2	-1.2	-11.6	77.9	-12.1
Cash and cash equivalents at beginning of the period	88.6	37.5	40.4	8.7	8.7	8.7	9.5	21.1	21.1	21.1
Exchange difference due to re-valuation of ending balances	0.3	0.2	-0.1	0.3	0.1	0.1	0.4	-0.0	0.3	0.2
Cash and cash equivalents at end of the period	225.0	88.6	37.5	40.4	17.6	11.0	8.7	9.5	99.4	9.2

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