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Allianz Bulgaria ZAD (Bulgaria)

Main Activities: Direct Insurance (except Life, Health, and Medical) Carriers
Full name: ZAD Allianz Bulgaria AD Profile Updated: September 08, 2022
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Allianz Bulgaria, which was established in 1991, is one of the biggest players on the Bulgarian insurance market. It is a successor of local insurer Bulgaria - the country's first private insurer launched after the fall of the communist regime in 1989. The general insurance carrier was the first unit of local financial conglomerate Bulgaria Holding Ltd., which later grouped another general insurer Enegria, a life insurance company, a pension insurer and a bank.
In November 1998, German insurance group Allianz AG signed an agreement to acquire a 51% stake in Bulgaria Holding for an undisclosed sum. In January 1999, the holding was renamed into Allianz Bulgaria Holding.
Allianz Bulgaria general insurance offers a diversified portfolio of individual insurance, annuity and group products through agents, direct sales representatives as well as independent agents and brokers nationwide. Currently, Allianz is running 42 outlets and over 100 representative offices nationwide.

Headquarters
ul. Srebarna 16
Sofia; Sofia - city; Postal Code: 1407

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Website: http://www.allianz.bg/site/index.php?page=zpad

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
March 22, 1991
Key Executives
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Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Executive Director
Ownership Details
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87.37%
Subsidiaries
Company Performance
Financial values in the chart are available after Allianz Bulgaria ZAD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
2.64%
Operating profit (EBIT)
-14.04%
Net Profit (Loss) for the Period
-14.04%
Total assets
1.27%
Investments
-3%
Receivables
3.74%
Total equity
-12.94%
Return on Equity (ROE)
-0.09%
Loss Ratio
-1.41%
Underwriting Expenses Ratio
1.15%

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