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

MT Newswires Live

2025/12/01

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.

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