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

PETROLIMEX INSURANCE CORPORATION

Active

Business ID 0100110768

84-24 / 3776 0867

PETROLIMEX INSURANCE CORPORATION

Active

Business ID 0100110768

84-24 / 3776 0867

PETROLIMEX INSURANCE CORPORATION

Active

Summary

Name:

PETROLIMEX INSURANCE CORPORATION

Business ID (TIN):

0100110768

Date of Registration:

26 Oct 2011

Registered Office:

Ministry of Finance

Ticker:

PGI

Address:

21st & 22nd Floors, MIPEC TOWER, No. 229, Tay Son Street, Dong Da District, Ha Noi City, Vietnam

Phone:

84-24 / 3776 0867

Fax:

(84-24) 3776 0868

Financial Statement:

2020, 2021, 2022, 2023, 2024

PETROLIMEX INSURANCE CORPORATION (TỔNG CÔNG TY CỔ PHẦN BẢO HIỂM PETROLIMEX) – A Key Player in Vietnam’s Non-Life Insurance Sector

With a solid 13-year track record and strong backing from state-owned and international stakeholders, PETROLIMEX INSURANCE CORPORATION (PJICO) has carved out a prominent place in Vietnam’s non-life insurance market. Officially registered under the Ministry of Finance with license number 67GP/KDBH, the company operates from its headquarters on the 21st and 22nd floors of MIPEC Tower in Hanoi and is publicly listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker PGI.

As of 2023, PETROLIMEX INSURANCE CORPORATION managed total assets of USD 306.02 million, marking a healthy 10.16% year-over-year increase, while sales reached USD 192.48 million, up 8.03% from 2022. The company also recorded a net profit of USD 9.41 million, a 12.45% increase compared to the prior year, showing signs of recovery after a previous profit dip in 2022.

Equity levels rose to USD 76.6 million, reflecting improved capital stability, though the fact that paid-up capital remains at only USD 45.56 million—well below the charter capital of USD 63.3 million—is a point of concern from a financial compliance perspective. This discrepancy suggests either pending capital contributions or retained earnings not yet allocated to capital reserves.

Despite the recovery, it is worth noting that PJICO’s profit margin remains relatively thin for a financial services firm, especially given its substantial asset base and extensive shareholder backing. The working capital of USD 27.84 million, although improved, represents less than 10% of total assets, which may raise caution among creditors depending on the liquidity structure and claims liabilities.

Leadership is spearheaded by Chairman Mr. DINH THAI HUONG and General Director Mr. DAO NAM HAI, with strategic shareholders including Vietnam National Petroleum Group (Petrolimex) holding 40.95%, and Samsung Fire & Marine Insurance (20%) bringing international expertise into the firm’s governance. Other shareholders, such as Vietcombank and Vietnam National Reinsurance Corporation, round out a robust shareholder base that supports business expansion and market credibility.

The financial profile of PETROLIMEX INSURANCE CORPORATION shows a company in recovery mode with modest profitability but a strong asset and shareholder structure. From a credit risk management standpoint, continued monitoring is advisable, particularly in terms of capital adequacy, underwriting discipline, and sustainable profitability.

This analysis is based on verified data provided by VANGUARD BUSINESS INFORMATION LLC (VBI), a trusted provider of company financial intelligence, credit reporting, risk assessment, and due diligence services in Vietnam. For in-depth insights or to access other corporate reports, visit https://www.vnbis.com.

Legal Profile

English Name:

PETROLIMEX INSURANCE CORPORATION

Vietnamese Name:

TONG CONG TY CO PHAN BAO HIEM PETROLIMEX

Short Name:

PJICO

Business ID (TIN):

0100110768

Date of Registration:

26 Oct 2011

Registered Office:

Ministry of Finance

Ticker:

PGI

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DINH T.H

+ DAO N.H

+ NGUYEN A.H

+ LE T.D

+ TRAN A.T

+ BUI H.G

+ PHAM T.H

Address:

21st & 22nd Floors, MIPEC TOWER, No. 229, Tay Son Street, Dong Da District, Ha Noi City, Vietnam

Phone:

84-24 / 3776 0867

Fax:

(84-24) 3776 0868

Business Sector

Key business lines:

VSIC:

6512 Non-life insurance

NACE:

65.12 Non-life insurance

NAICS:

52412 Direct Insurance (except Life, Health, and Medical) Carriers

Industry Sales Growth

CAGR (2019 - 2023)

8.39%

YoY (2023)

8.32%

Companies by industry

Company distribution and propportions

116

0.0040%

Key Industry Players

Top 10 companies in non-life insurance industry

bao minh insurance corporation petrolimex insurance corporation vietinbank insurance joint stock corporation agriculture bank insurance joint stock corporation bao long insurance corporation vietnam national aviation insurance jsc sai gon - hanoi insurance corporation pvi insurance corporation baoviet insurance corporation opes insurance joint stock company

Payment History

Purchase the report to access company details.

Financial Performance

Assets	26.50%
Owner’s Equity	-54.85%
Working Capital	62.59%
Net Worth	-99.71%
Sales	-62.28%
Operating income	-26.74%
EBIT	-7.58%
Gross Profit Margin	-80.75%
Debt to EBITDA	-47.45%

📈 📊

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 PETROLIMEX INSURANCE CORPORATION

When did PETROLIMEX INSURANCE CORPORATION start operating?

PETROLIMEX INSURANCE CORPORATION was started in 26 Oct 2011

What industry does PETROLIMEX INSURANCE CORPORATION operate in?

PETROLIMEX INSURANCE CORPORATION is operating in "Non-life insurance" industry

How can I contact PETROLIMEX INSURANCE CORPORATION?

PETROLIMEX INSURANCE CORPORATION phone numbers is 84-24 / 3776 0867

What adverse news is there about PETROLIMEX INSURANCE CORPORATION?

PETROLIMEX INSURANCE CORPORATION’s has no negative news

What is stock symbol of PETROLIMEX INSURANCE CORPORATION?

PETROLIMEX INSURANCE CORPORATION’s stock symbol is PGI

Where is the location of PETROLIMEX INSURANCE CORPORATION?

PETROLIMEX INSURANCE CORPORATION is located at 21st & 22nd Floors, MIPEC TOWER, No. 229, Tay Son Street, Dong Da District, Ha Noi City, Vietnam

What is PETROLIMEX INSURANCE CORPORATION’s business registration?

PETROLIMEX INSURANCE CORPORATION business registration is 0100110768

My Order (0)

PETROLIMEX INSURANCE CORPORATION

PETROLIMEX INSURANCE CORPORATION

PETROLIMEX 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

PETROLIMEX INSURANCE CORPORATION

PETROLIMEX INSURANCE CORPORATION

PETROLIMEX INSURANCE CORPORATION

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification