Military Insurance Balance Sheet

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024
Total Investments	4,738,000	4,263,000	3,872,022
Cash & Equivalents	242,499	329,566	181,584
Reinsurance Recoverable	2,592,315	2,727,096	2,177,517
Other Receivables	449,092	191,971	285,823
Property, Plant & Equipment	459,476	469,443	419,371
Other Intangible Assets	63,893	54,761	37,587
Other Current Assets	2,089,309	1,769,016	1,813,002
Other Long-Term Assets	26,771	30,094	32,259
Total Assets	10,661,356	9,834,946	8,819,165
Accrued Expenses	268,077	179,729	205,085
Insurance & Annuity Liabilities	722,587	444,722	526,842
Unearned Premiums	3,280,066	3,259,236	2,943,318
Reinsurance Payable	-	26,757	29,286
Current Income Taxes Payable	39,482	34,600	34,686
Long-Term Deferred Tax Liabilities	24.16	58.98	300.06
Other Current Liabilities	2,129,665	2,366,839	1,692,919
Other Long-Term Liabilities	27,974	27,974	27,974
Total Liabilities	8,050,930	7,704,687	6,737,906
Common Stock	2,115,035	1,726,725	1,726,725
Retained Earnings	495,392	403,535	354,534
Shareholders' Equity	2,610,427	2,130,260	2,081,259
Total Liabilities & Equity	10,661,356	9,834,946	8,819,165
Filing Date Shares Outstanding	211.5	181.31	193.32
Total Common Shares Outstanding	211.5	181.31	193.32
Net Cash (Debt)	242,499	329,566	181,584
Net Cash Growth	33.55%	81.49%	-
Net Cash Per Share	1146.55	1704.77	939.30
Book Value Per Share	12342.24	11749.52	10765.88
Tangible Book Value	2,546,534	2,075,499	2,043,672
Tangible Book Value Per Share	12040.15	11447.48	10571.46
Buildings	57,040	57,040	57,040
Machinery	80,121	80,486	34,114
Construction In Progress	385,101	385,512	372,908

Source: S&P Capital IQ. Insurance template. Financial Sources.