{"id":43887,"date":"2026-07-24T00:11:00","date_gmt":"2026-07-23T22:11:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=bb18ed561e676416ffc1c36992ee44e9"},"modified":"2026-07-24T00:11:00","modified_gmt":"2026-07-23T22:11:00","slug":"am-best-affirms-credit-ratings-of-bao-viet-insurance-corporation","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=43887","title":{"rendered":"AM Best Affirms Credit Ratings of Bao Viet Insurance Corporation"},"content":{"rendered":"

SINGAPORE--(BUSINESS WIRE)--#insurance<\/a>--AM Best\u00a0<\/b>has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of \u201cbbb+\u201d (Good) and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Bao Viet Insurance Corporation (BVGI) (Vietnam). The outlook of these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

The ratings reflect BVGI\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also factor in rating enhancement from BVGI\u2019s parent, Bao Viet Holdings (BVH), a major finance and insurance group in Vietnam.<\/p>

AM Best assesses BVGI\u2019s balance sheet strength as very strong, underpinned by its risk-adjusted capitalisation, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), which is expected to remain at the strongest level over the medium term. In addition, AM Best views the company as having good financial flexibility, as demonstrated by historical capital injections from BVH. In addition, BVGI has a moderate-risk investment portfolio, with the majority of its investments allocated to cash, term deposits, bonds and the remainder held in equity investments and real estate. The company has a moderate reinsurance reliance to support its underwriting capacity and manage its catastrophe exposure. Exposure to credit risk is mitigated partially by the high credit quality of its reinsurance panel.<\/p>

AM Best assesses BVGI\u2019s operating performance as adequate, with a five-year weighted average return-on-equity ratio of 10% (fiscal-years 2021-2025). The company\u2019s underwriting performance remained marginally profitable in 2025. In addition, its stable investment income, which is comprised mainly of interest and dividend incomes, is supportive of overall profitability. Prospective earnings are expected to be supported by the prudent underwriting strategy and pricing discipline.<\/p>

BVGI is the second-largest non-life insurer in Vietnam, with a market share of 13% based on direct premiums written in 2025. The company holds market leading positions in several personal lines, including motor insurance, health and personal accident insurance. BVGI\u2019s underwriting portfolio shows moderate diversification by line of business. In addition, the company distributes its products mainly through agencies and brokers.<\/p>

BVGI\u2019s ratings incorporate rating enhancement from its ownership and integration with BVH. The company benefits from group-wide corporate governance, as well as access to shared resources and services across various business functions. Although BVGI\u2019s operations account for a small portion of the group\u2019s consolidated revenue, the company is considered strategically important to the group.<\/p>

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.<\/b><\/p>

This press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s\u00a0<\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view\u00a0<\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view\u00a0<\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit\u00a0<\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

Copyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

Ken Lau<\/b>Senior Financial Analyst<\/b>+65 6303 5025<\/b>ken.lau@ambest.com<\/a><\/p>

Chris Lim, CFA, FCII<\/b>Director, Analytics<\/b>+65 6303 5018<\/b>chris.lim@ambest.com<\/a><\/p>

Christopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

Al Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

SINGAPORE–(BUSINESS WIRE)–#insurance–AM Best\u00a0has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of \u201cbbb+\u201d (Good) and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Bao Viet Insurance Corporatio…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43887","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43887"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43887\/revisions"}],"predecessor-version":[{"id":43888,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/43887\/revisions\/43888"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}