Military Insurance Corporation
HHOSE:MIG15,800.00
VND
+200.00
(+1.28%)
ISIN
VN000000MIG9
Return %
Stock
S&P 500
1Y
-6.23
14.20
3Y
4.05
81.12
5Y
-23.71
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 1,763
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Hanoi Vietnam
- IPO Date
- Jan 21, 2021
- Website
- mic.vn
- Similar Companies
- Business
- Military Insurance Corporation is a Vietnam-based non-life insurance provider that offers a comprehensive suite of personal and commercial general insurance products, reinsurance underwriting, and auxiliary insurance services. Founded in 2007 and headquartered in Hanoi, Vietnam, the company operates as a key subsidiary of Military Commercial Joint Stock Bank (MBBank) and is publicly traded on the Ho Chi Minh Stock Exchange under the ticker MIG. The company distributes its solutions across Vietnam through an extensive operational network of member branches, transaction offices, independent sales agents, and integrated bancassurance partnerships. The company offers a diversified portfolio of over 160 insurance products structured across key segments, including motor insurance comprising compulsory third-party liability and comprehensive own-damage coverage for automobiles and motorcycles; health and personal accident insurance encompassing hospitalization, surgical care, critical illness, emergency medical evacuation, and domestic and international travel protection; property and engineering insurance covering commercial real estate, industrial all-risks, construction and erection risks, and machinery breakdown; marine cargo and hull insurance for domestic and international maritime freight, logistics, and inland watercraft; aviation and specialized energy insurance covering aircraft hulls, aviation liabilities, offshore oil and gas exploration, and renewable energy assets such as wind and solar farms; casualty and liability insurance including general third-party liability, employer liability, and professional indemnity; credit and financial guarantee solutions; and packaged digital micro-insurance offerings such as MIC Care, Miracle Insurance, and An Tam Vung Buoc. In addition, the company provides insurance auxiliary services, risk survey and loss assessment, claims management, and investment management activities. In recent corporate developments, Military Insurance Corporation completed a charter capital increase to VND 2.01 trillion to bolster its solvency margin and expand capacity for underwriting major wholesale and infrastructure risks. The company continues to accelerate its digital transformation strategy through the deployment of centralized data analytics and modern digital sales channels such as MIC 360, while expanding its bancassurance distribution reach across the MBBank ecosystem. Furthermore, international credit rating agency AM Best affirmed the company's Financial Strength Rating of B++ (Good) and Long-Term Issuer Credit Rating of bbb (Good) with a stable outlook, reflecting its solid risk-adjusted capitalization, resilient underwriting performance, and strong market standing as one of the leading non-life insurance carriers in Vietnam.