Annual Report 2025BLI

Empowering transformation

Creating new values

01

INTRODUCTION OF BAO LONG INSURANCE CORPORATION

INTRODUCTION OF BAO LONG INSURANCE CORPORATION

THE OVERVIEW OF BAO LONG INSURANCE CORPORATION

On July 11, 1995, Bao Long Insurance Joint Stock Corporation, known as Nha Rong Insurance Joint Stock Company, was founded and officially launched into the insurance market.

The Ministry of Finance has issued Bao Long the Certificate No. 05TC/GCN, confirming eligibility and conditions for insurance business activities. Bao Long is Vietnam’s first joint stock company to operate in the sector of non-life insurance.

On May 14, 2012, the Ministry of Finance issued the Adjustment Certificate No. 05/GPĐC16/ KDBH approved the renaming of Nha Rong Insurance Joint Stock Company to Bao Long Insurance Joint Stock Corporation (Bao Long). After 30 years of operation and development, Bao Long has been fully capable to meet all insurance demands of clients based on 47 member companies, over 800 insurance agents, and solid financial capacity, as well as professional and experienced staff.

  • International name
    BAO LONG INSURANCE CORPORATION
  • Transaction name
    BẢO HIỂM BẢO LONG
  • Abbreviation name
    BAO LONG
  • Business Registration Certificat
    Adjustment License No. 71/GPĐC/KDBH approving the change of name from Nha Rong Insurance Joint Stock Company to Bao Long Insurance Corporation (Bao Long), issued by the Ministry of Finance on April 15, 2014
  • Address
    185 Dien Bien Phu Street, Tan Dinh Ward, Ho Chi Minh City, Vietnam
  • Telephone number
    (84.28) 38 239 219
  • Fax
    (84.28) 38 228 967
  • Website
    www.baolonginsurance.com.vn
  • Transaction account

    Account Name: BAO LONG INSURANCE CORPORATION

    Account Number: 007.1000.019.027

    Bank: Joint Stock Commercial Bank for Foreign Trade of Vietnam - Ho Chi Minh City Branch

  • Charter Capital
    600,000,000,000 VND (Six hundred billion VND)

COMPANION

SHARING

Bao Long has been constantly improving to bring the best services to clients. Along with Vietnam’s economic development, Bao Long has been happy to accompany Vietnamese investors to expand insurance market to regional countries such as Laos, Cambodia, Myanmar…

VISION

To become one of the most trusted insurance companies

MISSION

To create a peaceful and prosperous community

CORE VALUES

Person-centered

Righteous staff

Constantly innovating

COMMITMENTS

TO CLIENTS

Understanding clients’ demands; Providing well-crafted solutions; Ensuring fast & accurate service delivery.

TO PARTNERS

Long-term cooperation, sharing the goal of mutual development.

TO SOCIETY

Comply with the law, participate actively in community events, and contribute to the improvement of society.

TO EMPLOYEES

Building a friendly, dynamic and professional working environment, ensuring the fair treatment and facilitating development for all employees.

TO OURSELVES

Constantly striving, innovating, and improving.

OPERATIONAL NETWORK

COMPANIES

TOTAL
SUBSIDIARIES

~

INSURANCE AGENTS

TOTAL INSURANCE AGENTS NATIONWIDE

~

TRANSACTION POINTS

TOTAL TRANSACTION POINTS

SHAREHOLDERS AND PARTNERS

SHAREHOLDERS

Bao Long is honored to have shareholders being prestigious organizations in the fields of banking, finance, insurance and services in Vietnam. Currently, Saigon Commercial Joint Stock Bank (SCB), Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) are major shareholders of Bao Long.

PARTNERS

During the journey of trading insurance, Bao Long is honored to collaborate with major partners in many different fields such as:

Banking

The leading banks such as: TPBank, Sacombank, ACB, OCB, SCB, NCB, Eximbank, BVBank, VietBank, KienLongbank, an others.

Traditional insurance distribution channels

The leading brokerage firms in the market, such as Aon, Marsh, Willis Towers Watson, Aegis, Hung Nghiep Insurance Broker.

Non-traditional insurance distribution channels, digitalizing personal insurance products

Viettel, MSH, Momo, FUSE, ZaloPay, Livwell, GenRe and others.

Reinsurance

Additionally, Bao Long has effectively collaborated with and received strong support from major global reinsurers, including Arundo Re (formerly CCR Re), R+V Re, SCOR Re, Korean Re, Canopius, Hannover Re, Saudi Re, and others.

ESTABLISHMENT AND DEVELOPMENT HISTORY

2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
1995

Continuing ongoing activities, Bao Long reviews and streamlines its organizational apparatus aligned with development orientation; building experienced & highly skilled workforce to improve service quality. 2025 marked an important milestone when the Company completed its core system as a solid foundation for digital transformation roadmap; operational procedures continued to be improved toward more efficient and tighter management, bringing better experience to Customers and Partners.

Bao Long focused on refining its organizational structure to develop a highly knowledgeable workforce and enhance service quality. The Company also advanced its IT infrastructure to support digital transformation, optimizing operational processes, products, and services to deliver improved experiences for customers and partners.

Bao Long expanded its business development and customer networks by establishing Business Centers in key regions. Additionally, the Company strengthened its HR structure, prioritizing employee training and nominating staff for professional certification exams as required by the Ministry of Finance to enhance their expertise. Bao Long was honored with the Top 10 Vietnamese Strong Brands and ranked among the Top 500 Largest Companies in Vietnam.

Bao Long continues to strengthen its leadership team, while recruiting and developing its sales force through comprehensive employee support programs. The Company prioritizes enhancing training for a highly experienced workforce to provide expert advisory services to clients. Bao Long is honored to receive the Top 10 Vietnamese Strong Brands and Top 10 Good Quality Products Trusted by Vietnamese.

Launched several products and services under international quality, and focused on digital media coverage. Bao Long has been honored to receive Top 10 Vietnamese Strong Brands and Top 10 ASEAN Strong Brands.

Bao Long marked the 25th anniversary by many outstanding activities such as the successful organization of the talk show “Creating a peaceful and prosperous community”, the implementation of the promotional program “Bao Long - For a peaceful and prosperous community” with a total prize value of 25 SJC gold taels, and the launch of the product package for international cancer treatment named Global Cancer Care under the program “Bao Long - Our attention on you”, as well as numerous other community-oriented activities. Bao Long has been honored to receive the Top 10 ASEAN Strong Brands and Vietnam Trusted & Used awards.

In 2019, Bao Long continued to strengthen the organizational structure, and segmenting for business operations into 2 regional business centers and 9 regions stretching from North to South. Bao Long also continues to receive the Strong Brand and Vietnam Trusted & Used awards.

With the objective of CHANGE TO REACH NEW HEIGHTS, Bao Long achieved a remarkable revenue of 1,092 billion VND, exceeding the threshold of 1,000 billion VND, and recording Bao Long’s new height in the Vietnam insurance market. It is an important stepping stone for Bao Long to turn into a 2-trillion VND company in accordance with a strategy set forth by General Meeting of Shareholders.

On April 7, 2017, Bao Long officially enhanced its charter capital from 500 billion VND to 600 billion VND according to the Adjustment License No. 71/ GPDC18/KDBH issued by the Ministry of Finance. In the same year, Bao Long established 05 more branches, increased total branches to 46 and continued to receive award Top 10 Most Prestigious Insurance Company.

Bao Long continued to increase charter capital from 404 billion VND to 500 billion VND according to the amended license No. 71/GPD9C9/KDBH issued by Ministry of Finance, established 11 more member units, and raised its total to 41. In 2016, Bao Long was honored to be voted as Top 10 Most Prestigious Insurance Company in Vietnam.

On December 11, 2015, over 40.3 million shares of Bao Long Insurance Corporation (CPs) were officially traded on UPCom, with stock code BLI. In the same year, Bao Long celebrated 20th anniversary and enlarged charter capital to 404 billion VND, established 9 more member units to its total of 30. Bao Long also was honored to earn the award “Best Insurance Service in Vietnam 2015” voted by the UK’s Global Banking and Finance Review Awards.

The year 2014 marks a watershed moment for Bao Long, as the shareholder structure undergoes significant changes. On April 14, 2014, The Ministry of Finance approved the establishment and operation license No. 71/ GP/KDBH approving Saigon Commercial Joint Stock Bank to become a strategic shareholder of Bao Long. Bao Long added two additional member units this year, bringing the total to 21.

In 2013, Bao Long expanded the business network by establishing 6 more member companies, increased total member units of Bao Long to 19 units.

On May 14, 2012, the Ministry of Finance issued Amended License No.05/GPĐC16/KDBH to approve the re-branding of Nha Rong Insurance JSC into Bao Long Insurance Corporation.

On July 11, 1995, Bao Long Insurance Joint Stock Corporation (previously known as Nha Rong Insurance Joint Stock Company) was founded and began operations. Bao Long was the first insurance JSC operating in Vietnam’s non-life insurance field.

SHARES AND SHAREHOLDERS INFORMATION

SHARES INFORMATION

Charter capital on December 31, 2025

0,000,000,000 VND

Stock’s name: BAO LONG INSURANCE CORPORATION STOCKS

Charter capital: 600,000,000,000 VND

Par value share: 526

Par value share: 10,000 VND/share

Number of listed shares: 60,000,000 shares

SHAREHOLDERS STRUCTURE

Unit: shares

Year Domestic individuals Domestic institutions Foreign individuals Foreign Institutions
2023 5,441,410 54,081,449 109,888 367,253
2024 5,598,960 53,784,899 186,088 430,053
2025 5,497,120 53,802,642 197,288 502,950

2025 SIGNIFICANT EVENTS

2025 was a special year when Bao Long celebrated its 30th anniversary of establishment and development in the Vietnam insurance market. In that last 30 years, Bao Long has made ceaseless efforts in enhancing management capability, expanding business activities and strengthening brand prestige, building a solid foundation.

In 2025, Bao Long implemented many important activities and initiatives to enhance operational efficiency and strengthen digital transformation. In addition, Bao Long organized many significant programs to celebrate its 30-year journey and worked out development orientation in the coming future.

January 14, 2025

“Run for the future” online running competition was organized nationwide for all employees of Bao Long to improve their physical health and create a healthy playground for employees.

February 07, 2025

At the beginning of the new year, Leadership Team extended New Year greetings to all employees at the Head Office and paid a New Year’s visit to its member companies.

April 12, 2025

On April 12, 2025, Bao Long was honored with “National Strong Brand 2025” Award. It marked a 30-year journey of building brand prestige in Vietnam non-life insurance market.

April 24, 2025

On April 24, 2025, Bao Long successfully organized Annual General Meeting of Shareholders (GMS) 2025. At the GMS, Bao Long announced its business figures to shareholders and asked for their opinions on business plans for the following year, and summarized the 30-year journey in Vietnam market.

July 09, 2025

July 9, 2025, the final tournament of Bao Long Football Super Cup was officially kicked off. In the presence of Leadership Team and all employees, reigning champions of each region enthusiastically competed for the championship trophy on the 30th anniversary of establishment of Bao Long.

July 10, 2025

July 19, 2025, Bao Long organized a knowledge contest for key employees of all units nationwide. The contest demonstrated the spirit of solidarity and learning of insurance related knowledge.

July 11, 2025

On July 11, 2025, Bao Long Insurance Corporation was successfully organized the Gala event celebrating its 30th anniversary. The Gala was not only an opportunity to reflect on the Company’s 30-year development journey but also to strengthen unity and cohesion among employees across the entire system. At the same time, the event served as a platform to review the results of the 2025 financial year and to honor and reward outstanding individuals and teams for their excellent achievements and significant contributions throughout the year, as well as over the course of Bao Long’s development.

TYPICAL AWARDS

2006

  • Golden cup “Vietnamese Brand”

2009

  • Certificate of “Merit for enterprises having outstanding contributions to the development and improvement of Vietnam insurance market’s operational efficiency from 1999 to 2009”

2012

  • Top 20 “The Vietnam Golden Service”

2015

  • Certificate of merit from the Ministry of Finance “For many achievements in business activities, contributing to building and developing the insurance market in the period from 2010 to 2015”
  • The trophy and certificate of “Vietnam’s Best Insurance Service” voted by UK’s Global Banking & Finance Review

2016

  • The trophy and certificate of “Strong Vietnam Trade in 2015” voted by the Vietnam Economic Times
  • Top 10 “Prestige Insurance Company of Vietnam”

2017

  • The trophy and certificate of “Strong Vietnam Trade in 2016” voted by theVietnam Economic Times
  • Top 10 “Prestige Insurance Company of Vietnam”
  • Top 20 “Sustainable Development Brand”
  • Top 20 “High-quality products and services 2017” for Bao Tam An insurance product

2018

  • The trophy and certificate of “Strong Vietnam Trade for 3 years consistently” voted by the Vietnam Economic Times
  • Top 10 “Most prestigious Vietnam insurance companies” in three consecutive years
  • Top 500 “Vietnam’s Major Businesses” - Fortune 500 Model 4 years of continuous service

2019

  • The trophy and certificate of “Strong Vietnam Trade” voted by the Vietnam Economic Times
  • The trophy of “Vietnam Use and Trust Branding”
  • Top 500 “The Vietnam’s Fastest Growing company” - Fortune 500 Model

2020

  • The trophy and certificate of “Strong ASEAN Trade”
  • The trophy of “Vietnam Use and Trust Branding”

2021

  • The trophy and certificate of “Strong ASEAN Trade”
  • The trophy and certificate of “Strong Vietnam Trade”
  • The trophy of “Vietnam Use and Trust Branding”

2022

  • The trophy and certificate of “Strong Vietnam Trade”
  • Top 10 “Excellent Products Trusted and Used By Vietnamese 2022”

2023

  • The trophy and certificate of “Strong Vietnam Trade”
  • Top 500 “Vietnam’s Major Businesses - Fortune 500 Model”

2024

  • The trophy and certificate of “Strong ASEAN Trade”

2025

  • The trophy and certificate of “National Strong Brand”

ORGANIZATIONAL STRUCTURE