PROLooking for more than just a company report? Upgrade to Pro now

MILITARY INSURANCE CORPORATION

Active

Business ID 0102385623

84-24 / 6285 3388

MILITARY INSURANCE CORPORATION

Active

Business ID 0102385623

84-24 / 6285 3388

MILITARY INSURANCE CORPORATION

Active

Summary

Name:

MILITARY INSURANCE CORPORATION

Business ID (TIN):

0102385623

Date of Registration:

21 Jan 2016

Registered Office:

Ministry of Finance

Ticker:

MIG

Address:

Floor 5-6, No. 21, Cat Linh Street, Cat Linh Ward, Dong Da District, Ha Noi City, Vietnam

Phone:

84-24 / 6285 3388

Fax:

(84-24) 6285 3366

Financial Statement:

2017, 2019, 2022, 2023, 2024

MILITARY INSURANCE CORPORATION: A State-Backed Powerhouse in Transformation

In Vietnam’s increasingly competitive non-life insurance market, MILITARY INSURANCE CORPORATION (TỔNG CÔNG TY CỔ PHẦN BẢO HIỂM QUÂN ĐỘI), better known as MIC, continues to maintain its solid footing with a blend of military legacy, public investment, and strong financial performance. With over nine years of legal operation under its current form, MIC is headquartered at Floor 5–6, No. 21, Cat Linh Street, Dong Da District, Hanoi, and operates under the Ministry of Finance license number 43/GPDC18/KDBH.

A publicly traded entity on Vietnam’s UPCOM exchange under the stock symbol MIG, MIC is majority-owned by the Military Commercial Joint Stock Bank, which holds a commanding 68.37% stake. Another institutional investor, Japan Asia MB Capital Fund, owns a modest 3.53%. MIC’s tax identification number is 0102385623, and it currently employs 1,539 people across Vietnam.

Financially, MIC's performance in 2023 presents a compelling blend of resilience and cautious optimism. Despite a 4.76% drop in total sales, down to USD 147.65 million, the company recorded a 40.06% increase in net profit, reaching USD 11.53 million. Total assets rose slightly by 3.2% to USD 362.32 million, while owner’s equity climbed nearly 10%, ending the year at USD 85.5 million. The most striking financial highlight was a 137.43% surge in working capital, now standing at USD 57.7 million, signaling improved liquidity and better internal cash management.

MIC’s ability to generate higher profits despite declining revenue suggests either cost optimization or investment income playing a more prominent role. The company’s involvement in financial and real estate investments, alongside its core non-life insurance activities, may have contributed to this outcome. However, the absence of detailed disclosures on the composition of its earnings means this remains a hypothesis rather than a confirmed strength.

From the perspective of Vietnam private financial data, business information providers, and risk management analysts, MIC’s overall stability is noteworthy. Its strong capitalization (charter capital at over USD 53.4 million and paid-up capital at nearly USD 71 million), military banking ties, and consistent growth in equity point to a low-risk credit profile in the short term. However, the ongoing decline in sales may suggest increasing market saturation or loss of competitiveness in its traditional insurance lines.

Under the leadership of Chairman Mr. Uong D. H. and General Director Mr. Nguyen Q. H., MIC is clearly in a transitional phase—financially sound, but likely needing to refocus on innovation and service diversification to maintain its edge in a rapidly changing insurance environment.

For investors, partners, and institutions seeking reliable business verification and credit evaluation, MILITARY INSURANCE CORPORATION remains a trusted and influential player in Vietnam’s financial services ecosystem. But with revenue pressure building, its next phase of growth will depend less on its military heritage—and more on how it adapts to a competitive, digitally driven future.

Legal Profile

English Name:

MILITARY INSURANCE CORPORATION

Vietnamese Name:

TONG CONG TY CO PHAN BAO HIEM QUAN DOI

Short Name:

MIC

Business ID (TIN):

0102385623

Date of Registration:

21 Jan 2016

Registered Office:

Ministry of Finance

Ticker:

MIG

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ UONG D.H

+ NGUYEN Q.H

+ NGO B.N

+ NGUYEN D.T

+ NGUYEN T.T.H

+ DOAN P.Q

+ LE N.H

+ NGUYEN T.H.Y

Address:

Floor 5-6, No. 21, Cat Linh Street, Cat Linh Ward, Dong Da District, Ha Noi City, Vietnam

Phone:

84-24 / 6285 3388

Fax:

(84-24) 6285 3366

Business Sector

Key business lines:

VSIC:

651 Insurance

NACE:

65.1 Insurance

NAICS:

5241 Insurance Carriers

Key Industry Players

Top 10 companies in insurance industry

post - telecommunication joint stock insurance corporation bank for investment and development of viet nam insurance joint stock corporation

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-7.69%
Owner’s Equity	4.24%
Working Capital	31.78%
Net Worth	-1.05%
Sales	-0.52%
Operating income	-51.37%
EBIT	-29.65%
Gross Profit Margin	43.37%
Debt to EBITDA	-35.45%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations (on request only)

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About MILITARY INSURANCE CORPORATION

When did MILITARY INSURANCE CORPORATION start operating?

MILITARY INSURANCE CORPORATION was started in 21 Jan 2016

What industry does MILITARY INSURANCE CORPORATION operate in?

MILITARY INSURANCE CORPORATION is operating in "Insurance" industry

How can I contact MILITARY INSURANCE CORPORATION?

MILITARY INSURANCE CORPORATION phone numbers is 84-24 / 6285 3388

What adverse news is there about MILITARY INSURANCE CORPORATION?

MILITARY INSURANCE CORPORATION’s has 1 bad news

What is stock symbol of MILITARY INSURANCE CORPORATION?

MILITARY INSURANCE CORPORATION’s stock symbol is MIG

Where is the location of MILITARY INSURANCE CORPORATION?

MILITARY INSURANCE CORPORATION is located at Floor 5-6, No. 21, Cat Linh Street, Cat Linh Ward, Dong Da District, Ha Noi City, Vietnam

What is MILITARY INSURANCE CORPORATION’s business registration?

MILITARY INSURANCE CORPORATION business registration is 0102385623

My Order (0)

MILITARY INSURANCE CORPORATION

MILITARY INSURANCE CORPORATION

MILITARY INSURANCE CORPORATION

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

MILITARY INSURANCE CORPORATION

MILITARY INSURANCE CORPORATION

MILITARY INSURANCE CORPORATION

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification