Evaluation of Business Results and Financial Indicators of Bao Viet Life Corporation

The article clarified that the research objective is to evaluate business results and analyze important financial indicators of Bao Viet Life Corporation. Based on secondary data collected from the Insurance Association of Vietnam and the financial statements of BaoViet Life Corporation over the years from 2018 to 2022, the author conducted an analysis and made a judgment. Accordingly, the business activities of the enterprise were maintained through the difficult period due to the COVID-19 epidemic and the market did not grow. Some indicators, such as the ability to pay quickly, are much greater than necessary. This raises the problem that businesses may have excess capital or are storing too much cash, leading to inefficient investment activities. From these consequences, profit margins are not achieved as desired. The insurance business market is facing many obstacles due to the violations discovered at the end of 2022. These mistakes cause customers to worry and lose confidence in the business. This reason also causes the business results of the enterprise to decrease. However, the Law on Insurance Business in 2022 has come into effect and it will help the insurance market be transparent, businesses regain trust from customers, and return to growth.