Upgraded the FSR to A++ (Superior) from A- (Excellent) and the Long-Term ICR to “aa+” (Superior) from “a-” (Excellent)

Re-structured its 75% capital share of SFMI and 25% of VinaRe

Upgraded the FSR to A- (Excellent) from B++ (Good) and ICR to "a-" from "bbb+" by A.M.Best

Increased paid-up capital to VND 500 billion

Assigned the Financial Strength Rating of B++ (Good) and Issuer Credit Rating of "bbb+" by A.M.Best

Paid-up capital of VND 300 billion of 50% SFMI share and 50% VinaRe share

Established as a joint venture between SFMI and VinaRe

Opened by SFMI an office in Hanoi city, Vietnam

Opened by SFMI an office in Ho Chi Minh city, Vietnam