Illustrated photo TL Generali Group’s Deputy Chief Financial Officer, Mr. Cristiano Borean, commented: “Generali Group ended the first quarter of 2021 with excellent results, in line with the set targets and affirming the effectiveness of the strategy. Generali 2021′”. “The Group continues to be one of the market’s leading insurers, with a strong financial position. We are in the process of rebalancing our life insurance product portfolio and thus have been able to maintain positive profitability in the context of low interest rates. Generali also continues to achieve the best and most consistent mix ratios in the market, as well as impressive results in asset management and other businesses. The strong growth in operating profit and net profit also shows that the group continues to operate effectively in the context of the macro economy still facing many uncertainties caused by the pandemic.” – Mr. Cristiano Borean shared. Specifically, as of March 31, 2021, Generali’s operating profit reached 1.6 billion euros (up 11%), thanks to the profit growth of non-life insurance, asset management and other business activities. At the same time, the life insurance segment achieved a stable profit compared to the same period last year. Gross premium revenue reached 19.7 billion euros (+4.2%), of which life insurance increased by 5.5% and non-life increased by 1.9%. Net cash flow from life insurance business amounted to €3 billion (up 1%), focused on unit-linked and protection products. The combined ratio hit 88% (down 1.4 percentage points) and the return on new mining revenue also recorded impressive results, leading the market at 4.44% (up 0.4 points). percent). Net profit of up to 802 million euros (compared to 113 million euros in the same period last year) – the first quarter of 2020 was significantly affected by the decline in investment assets and funding costs for the Special International Fund Covid-19. Strong financial position, with a solvency margin of 234%, thanks to an effective capital optimization strategy and positive market situation in the first quarter of 2021.

The company has automated the voltage and frequency adjustment of the power system to ensure power quality; Reducing the amount of electricity that cannot be supplied to customers, creating more revenue for the electricity industry; Reduce long distance transmission and optimize transmission grid loss. Modernizing the development of electricity meters and remote metering data collection systems has helped to collect complete data on customers’ electricity usage, timely detect problems of the metering system. count. This technology also helps the Company closely monitor the electricity usage mode of customers, especially large customers, and at the same time serve to calculate the unit’s power loss accurately as well as the power loss of the station. public in particular. In addition, the Company also encourages customers to actively adjust or change electricity demand during peak hours. Thereby, reducing the maximum capacity of the power system, reducing the overload of the grid, contributing to improving the economic efficiency of the power system. At the same time, it will also create conditions for the community to be more aware of electricity saving and efficient use of electricity, contributing to the protection of national resources. Ba Ria – Vung Tau Power Company has implemented many measures to reduce power loss With the unremitting efforts of all employees Ba Ria-Vung Tau Power Company in the control of power loss in particular, the rate of power loss continuously decreased from 2015 to 3.97% at 22kV level; in 2019 is 1.75% (including 110kV level) and in 2020 is an impressive number: 1.57% (including 110kV level). With the mission “ Electricity is one step ahead ”, BRVT Power Company has actively invested and upgraded the power grid system, ensuring safe and reliable power supply for tourist centers such as Thuy Van beach (Vung Tau City), Long Hai beach. (Dat Do district), Ho Coc – Ho Tram resort (Xuyen Moc district)… Every year, the Company focuses its capital to invest in preventing overload and strengthening the power grid; Electric islands for industrial shrimp farming, irrigation pumping stations to fight against drought, concave areas without electricity, removing fishing tackle… to meet the demand for irrigation for agricultural production and aquaculture. fisheries and tourism development in the province. Doing a good job of reducing power loss makes a lot of sense. help reduce production costs, increase profits for the company and increase the efficiency of production and business of the unit.