Asahi Life to Buy Vietnamese Insurer from Manulife for 30 Billion Yen

MT Newswires Live12-01

Asahi Mutual Life Insurance agreed to buy MVI Life Insurance from Manulife Financial Corporation (HKG:0945, PSE:MFC), subject to regulatory approvals, according to a Sunday statement from Manulife.

The consideration for the deal is nearly 30 billion yen, Nikkei reported on Monday.

MVI Life, set up in 1986 and formerly Aviva Vietnam, generated about $93 million in 2024 premiums and held $134 million in net assets at end-2024.

Manulife will stay in Vietnam via its 1999-established unit, focusing on new sales and its 1.5 million-customer base.

The purchase marks Asahi Life's first overseas acquisition as midsize Japanese financial firms push abroad amid domestic demographic pressures.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2588488714?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-01 09:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2588488714","market":"sh","top_or_hot":-1,"title":"Asahi Life to Buy Vietnamese Insurer from Manulife for 30 Billion Yen","media":"MT Newswires Live","content":"<html><body><p> Asahi Mutual Life Insurance agreed to buy MVI Life Insurance from Manulife Financial Corporation (HKG:0945, PSE:MFC), subject to regulatory approvals, according to a Sunday statement from Manulife.</p><p>The consideration for the deal is nearly 30 billion yen, Nikkei reported on Monday.</p><p>MVI Life, set up in 1986 and formerly Aviva Vietnam, generated about $93 million in 2024 premiums and held $134 million in net assets at end-2024.</p><p>Manulife will stay in Vietnam via its 1999-established unit, focusing on new sales and its 1.5 million-customer base.</p><p>The purchase marks Asahi Life's first overseas acquisition as midsize Japanese financial firms push abroad amid domestic demographic pressures.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asahi Life to Buy Vietnamese Insurer from Manulife for 30 Billion Yen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsahi Life to Buy Vietnamese Insurer from Manulife for 30 Billion Yen\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-01 09:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Asahi Mutual Life Insurance agreed to buy MVI Life Insurance from Manulife Financial Corporation (HKG:0945, PSE:MFC), subject to regulatory approvals, according to a Sunday statement from Manulife.</p><p>The consideration for the deal is nearly 30 billion yen, Nikkei reported on Monday.</p><p>MVI Life, set up in 1986 and formerly Aviva Vietnam, generated about $93 million in 2024 premiums and held $134 million in net assets at end-2024.</p><p>Manulife will stay in Vietnam via its 1999-established unit, focusing on new sales and its 1.5 million-customer base.</p><p>The purchase marks Asahi Life's first overseas acquisition as midsize Japanese financial firms push abroad amid domestic demographic pressures.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1184","symbol_name":"人寿与健康保险","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2588488714","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588488714","pubTimestamp":1764552901,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Asahi Mutual Life Insurance agreed to buy MVI Life Insurance from Manulife Financial Corporation , subject to regulatory approvals, according to a Sunday statement from Manulife.The consideration for the deal is nearly 30 billion yen, Nikkei reported on Monday.MVI Life, set up in 1986 and formerly Aviva Vietnam, generated about $93 million in 2024 premiums and held $134 million in net assets at end-2024.Manulife will stay in Vietnam via its 1999-established unit, focusing on new sales and its 1.5 million-customer base.The purchase marks Asahi Life's first overseas acquisition as midsize Japanese financial firms push abroad amid domestic demographic pressures.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1184":"人寿与健康保险","MFC":"宏利金融","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4162":"人寿与健康保险","00945":"宏利金融-S"},"translate_title":"朝日人寿将以300亿日元从宏利手中收购越南保险公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00945":0.9,"MFC":1.5},"content_text":"Asahi Mutual Life Insurance agreed to buy MVI Life Insurance from Manulife Financial Corporation (HKG:0945, PSE:MFC), subject to regulatory approvals, according to a Sunday statement from Manulife.The consideration for the deal is nearly 30 billion yen, Nikkei reported on Monday.MVI Life, set up in 1986 and formerly Aviva Vietnam, generated about $93 million in 2024 premiums and held $134 million in net assets at end-2024.Manulife will stay in Vietnam via its 1999-established unit, focusing on new sales and its 1.5 million-customer base.The purchase marks Asahi Life's first overseas acquisition as midsize Japanese financial firms push abroad amid domestic demographic pressures.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588488714","isCrawlerRequest":true}