Bulgaria

Bulstrad Vienna Insurance Group AD (Булстрад Виена Иншурънс Груп АД)

An EMIS Company Report EMIS is a Euromoney Institutional Investor plc company USD 29.95 Industry: Insurance Carriers Available in: English & Bulgarian Format: PDF Download Most recent financial data: 2016 Buy full report

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Contact Information

Headquarters
5 Pozitano Sq.
Sofia; Sofia - city; Map
Postal Code: 1000

Tel: +359-2-985-; +359-2-985-; +359-2-985-
Fax: +359-2-985-

Email:
@bulstrad.bg, online@bulstrad.bg

Website:
http://www.bulstrad.bg/

Company Description
Bulgarian general insurance company Bulstrad was established in 1961. The company is specialised in aviation, marine, cargo and property, motor insurance, construction risks insurance, personal and other insurance lines.
In 1994, the insurer launched a life insurance company called Bulstrad-Life. Another subsidiary - Bulstrad Services and Consulting was set up in 1998 to provide various services, including rent-a-car. In 2003, Bulstrad established a health insurance arm, which offers voluntary health insurance to individuals and corporate clients.
In July 1999, Bulgaria's Finance Ministry sold a 31% stake in Bulstrad to a locally-registered company TBI - where Israeli Kardan Group controlled 60% - for USD 7.61 million. Several months after the deal, TBI controlled a 51% stake in the insurer. In February 2000, the stake of TBI in Bulstrad was transferred to a newly established company called Bulgarian Insurance Group (BIG). BIG was co-owned by TBI Holding (a joint venture of Kardan and Deutsche Bank private equity) and the European Bank for Reconstruction and Development (EBRD).
May 2007, Austrian insurance company Vienna Insurance Group (VIG) acquired 60% of TBIH Financial Services Group and thus became an indirect owner of Bulstrad with 58.4%. April 2009, VIG raised its stake to 77.08% through a sequence of indirect participations. The same month Bulstrad Insurance was renamed to Bulstrad Vienna Insurance Group.
Bulstrad Vienna Insurance Group offers more than 100 different types of insurance products and operates a network of branch offices across the whole country.
NAICS Industry Classification
Main Activities: Insurance Carriers
Basic Information
Total Employees:
498 (2017)
Outstanding Shares:
: ()
Registered Capital:
()
Financial Auditors:
()
Incorporation Date:
December 17, 1992
Profile Updated:
January 02, 2018
Key Executives
Executive Director and Member of the Management Board
Executive Director and Member of the Management Board
Executive Director and Member of the Management Board
Executive Director and Member of the Management Board
Member of the Management Board
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Ownership Details
Tbi Bulgaria EAD
85.48%
Key Financial Highlights
2017 Q3C
Net insurance premium revenue
Net fee and commission income
Operating profit (EBIT)
Net Profit (Loss) for the Period
Total assets 365,421
Investments
Receivables
Total equity
Net Premiums Earned Trend
Net Income Trend
Return on Equity (ROE)
Loss Ratio
Underwriting Expenses Ratio
Note: units in Thousands. Statement: Non-Audited, Individual
Source: Financial Supervision Commission (FSC), EMIS Company Database.
Financial Performance Charts
Top Competitors

Financial Statements

Annual Statements
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