September 17, 2014 7:21 AM ET

Insurance

Company Overview of Interseguro Compania de Seguros S.A.

Company Overview

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

Piso 2

San Isidro,  

Peru

Founded in 1998

Phone:

51 1 611 4730

Fax:

51 1 611 4720

Key Executives for Interseguro Compania de Seguros S.A.

Chief Executive Officer
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 Compania de Seguros S.A. Announces Earnings Results for the Second Quarter Ended June 30, 2014

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

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Interseguro Compania de Seguros S.A., please visit www.interseguro.com.pe. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.