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2025 ended with a decline in earnings for Dai-ichi Life Vietnam. Net profit after tax reached VND 1,663 billion, down 23.3% from VND 2,169 billion in 2024.
In its results, the company approved a distribution of profits of VND 3.723 trillion to its parent, Dai-ichi Life Holdings, Inc. in Japan. This represented a 323% increase versus the 2024 dividend of VND 881 billion.
Dai-ichi Life Vietnam also recorded corporate income tax liabilities and related items from previous years totaling VND 546.3 billion following a tax authority audit.
Equity declined from VND 21,296 billion to VND 18,690 billion. By year-end 2025, the solvency margin fell from 228% to 192%.
Selling expenses decreased by 23.1% to VND 3,606 billion. Agency and distribution costs were cut by 50% to VND 927 billion, while incentive costs declined from VND 1,136 billion to VND 1,018 billion.
On the core business, net insurance revenue reached VND 17,457 billion, down 6% year-on-year. Gross written premiums from the main product, universal life, were VND 8,211 billion, down 16.9%.
To partially offset the decline in the insurance segment, financial activities supported revenue at VND 4,283 billion, up 14.1%. The increase was driven mainly by interest income from bonds of VND 2,648 billion (up 12.8%) and interest earned on deposits at financial institutions of VND 846 billion (up 39.8%).
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
