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El Progreso Seguros S.A. (Argentina)

Main Activities: Insurance Carriers
Full name: El Progreso Seguros S.A. Profile Updated: February 06, 2024
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El Progreso Seguros S.A. is an insurance company located in Buenos Aires. The company has been in the insurance market since 1898 and has its origins in Pigüé, with a focus on agricultural insurance. Despite the challenges posed by the climate and economic fluctuations in Argentina, El Progreso Seguros S.A. continues to operate with Argentine capital and a cooperative foundation. The company has over 200 insurance advisors strategically distributed in different areas to provide the necessary peace of mind to policyholders. With a market-oriented philosophy, El Progreso Seguros S.A. constantly seeks new resources to offer better coverage options, investing in the development of cutting-edge insurance products. In addition to their specialization in agricultural insurance, El Progreso Seguros S.A. has integrated La Territorial Vida y Salud Compañía de Seguros S.A. into their firm. This subsidiary offers coverage for personal accidents, mandatory life insurance, collective insurance, and mandatory insurance for rural workers.

Headquarters
Blvd. 25 De Mayo 432, Piso 11
Buenos Aires (City); Federal Capital;

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Website: http://www.elprogresoseguros.com.ar

Basic Information
Outstanding Shares:
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Incorporation Date:
March 22, 1999
Key Executives
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President
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Vice President
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Head Director
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Head Controller
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Head Controller
Ownership Details
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32.24%
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32.24%
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31.32%
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4.2%
Company Performance
Financial values in the chart are available after El Progreso Seguros S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency ARS. Absolute financial data is included in the purchased report.
Net insurance premium revenue
112.09%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
119.6%
Investments
9.98%
Receivables
49.95%
Total equity
175.59%
Net Premiums Earned Trend
-0.36%
Net Profit Trend
81.98%
Return on Equity (ROE)
N/A
Loss Ratio
16.4%
Underwriting Expenses Ratio
9.15%

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