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Groupama Life EAD (Bulgaria)

Main Activities: Direct Life Insurance Carriers | Direct Health and Medical Insurance Carriers
Full name: Groupama Life Insurance EAD Profile Updated: September 13, 2022
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Groupama Life Insurance EAD was set up in April 2004 under the DSK Garancia Life name. Shareholders of the firm were Hungary’s OTP Garancia, a unit of the Hungarian OTP Bank, DSK Bank's owner, (74%) and DSK Bank (26%). July 2004, the insurer obtained a local operational licence. In June 2008, OTP sold its subsidiaries DSK Garancia and DSK Garancia Life to France’s insurance company Groupama International. Groupama operates offices in the towns of Sofia, Plovdiv, Varna, Burgas, Veliko Tarnovo, Vratsa and Blagoevgrad.

Headquarters
bul. Tsarigradsko Shose 47A, bl. V, fl. 3
Sofia; Sofia - city; Postal Code: 1124

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Website: http://www.groupama.bg/

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:
July 06, 2004
Key Executives
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Executive Director and Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
Ownership Details
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100%
Subsidiaries
Groupama Life Express EAD
100%
Company Performance
Financial values in the chart are available after Groupama Life EAD 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
2.53%
Operating profit (EBIT)
120.56%
Net Profit (Loss) for the Period
115.15%
Total assets
-18.79%
Investments
-5.76%
Receivables
-74.72%
Total equity
-18.93%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
2.03%
Loss Ratio
5.67%
Underwriting Expenses Ratio
9.3%

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