Company Overview of Interseguro Compania de Seguros S.A.
Interseguro Compania de Seguros SA operates as an insurance company in Peru. It offers life insurance products, such as flex life, whole life, life endowment, term life, savings, accident protection, and guaranteed education insurance; annuity products with various retirement options; and mass insurance products, including statutory accident insurance, bancassurance, group insurance, and worksite insurance, as well as general insurance services, which covers armored card and debit protection plans. The company was founded in 1998 and is based in San Isidro, Peru.
Av. Pardo y Aliaga 640
Founded in 1998
Key Executives for Interseguro Compania de Seguros S.A.
Vice-President of Finance & Human Development and Director
Vice-President of Operations
Investment Vice President and Director
Commercial Vice President and Director
Compensation as of Fiscal Year 2014.
Interseguro Compania de Seguros S.A. Key Developments
Interseguro Announces Unaudited Earnings Results for the Third Quarter Ended September 30, 2014
Nov 12 14
Interseguro announced unaudited earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported net interest and similar income of PEN 46.7 million against PEN 45.0 million a year ago. Income before translation result and income tax was PEN 75.4 million against PEN 74.0 million a year ago. Profit for the period was PEN 69.4 million against PEN 72.8 million a year ago. ROAE was 52.6% against 52.6% a year ago. ROAE excluding discount rate impacts was 10.3% against 28.0% a year ago. The quarter over quarter decline in profits was mainly due to a decrease of PEN 35.4 million in other income, a loss of PEN 6.9 million in translation result and a decrease of PEN 4.4 million in net interest and similar income, partially offset by an increase of PEN 33.9 million in total premiums earned less claims and benefits. The year over year decline was mainly due to a decrease of PEN 10.3 million in other income, an increase of PEN 8.9 million in other expenses and a loss of PEN 4.8 million in translation result, partially offset by increases of PEN 18.9 million in total premiums earned less claims and benefits and PEN 1.7 million in net interest and similar income.
Interseguro Compania de Seguros S.A. Announces Earnings Results for the Second Quarter Ended June 30, 2014
Jul 30 14
Interseguro Compania de Seguros S.A. announced earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported premiums were PEN 177.8 million compared to PEN 136.8 million for the same period a year ago. Net income was PEN 59.0 million compared to PEN 17.1 million for the same period a year ago. ROE was 68.7% compared to 15.7% for the same period a year ago. The year over year premiums increase is mainly attributable to higher sales in Annuities and Non-Life. The increase in Annuities was achieved by Interseguro's leadership position in a market that increased 27.1%. The increase in Non-Life is due to Card Protection premiums provisions and to increased sales of Payments Protection previously explained, as well as sales of Car Insurance and Extended Warranty. Net investment income was PEN 107.6 million compared to PEN 57.3 million for the same period a year ago.
Interseguro Reports Earnings Results for the Second Quarter Ended June 30, 2013
Jul 25 13
Interseguro reported earnings results for the second quarter ended June 30, 2013. For the quarter, the company has posted net income of PRN 17.1 million against PEN 122.5 million a year ago. ROE was 15.6% against 138.0% a year ago. The year on year decline in net earnings was due to a PEN 105.9 million reduction in investment income, explained by a PEN 106.3 million non-recurring gain on the sale of real estate investments reported in second quarter of 2012, which included the Real Plaza Mall in Chiclayo and the north wing of Real Plaza Primavera Mall in Lima. Premiums were PEN 136.8 million against PEN 106.3 million a year ago.
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