Military Insurance stock officially launched on HOSE

On January 21, 2021, the Ho Chi Minh City Stock Exchange (HOSE) held a ceremony to award the listing decision and put 130 million shares of Military Insurance Corporation (code: MIG) into trading. The total listing value of MIG reached 1,300 billion dong; the reference price on the first day is 15,550 VND/share.

According to HOSE, Military Insurance Corporation (MIC) was established in 2007. With the initial charter capital of 300 billion VND, after more than 13 years of operation, MIC is now in the top thousand-billion enterprises with charter capital of 1,300 billion dong.

Throughout the development journey, MIC clearly defines the pioneering mission of protecting and becoming a "solid base" for customers with the best products and services. With a strongly invested technology platform to help customers have impressive - fast - unique digital experiences, MIC is becoming a top convenient retail insurance business in Vietnam.

Mr. Uong Dong Hung - Chairman of the Board of Directors of MIC beat the gong to open the first trading session on HOSE

At the listing decision ceremony, HOSE leadership representatives congratulated the first trading session of MIG shares, and shared that listing the securities on the Stock Exchange brings many advantages to the enterprises: better access to capital, improved prestige and brand, attractiveness towards foreign investors,...

The representative of MIC leadership, Mr. Uong Dong Hung - Chairman of the Board of Directors, said that listing at HOSE is an important step, affirming the publicity and transparency in MIC's corporate governance process and expectations. will open up many cooperation opportunities. This is a long-term strategy for MIC to develop further to be an insurance business that accompanies the development of the community and a solid base for customers and partners. This is also the mission of MIC, with the principle of "steadfast base - reaching out together".

According to the financial statements of 2019 and 2020, the company's original insurance revenue recorded VND 2,507 billion and VND 3157 billion, respectively, with impressive growth; consecutive profit of VND 177 billion and VND 242 billion in 2020; ROE constant at 11 - 13%, leading the market. In 2020, despite the difficulties and challenges of the market, MIC still committed and paid 10% cash dividend to shareholders. Continuing the growth momentum in 2020, MIC offers a digital transformation strategy - fast growth - efficiency, setting a target of VND 360 billion in profit in 2021 and a commitment to maintain a 10% return for shareholders.