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Lev Ins Insurance Company AD (Bulgaria)

Main Activities: Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Lev Ins Insurance Company AD Profile Updated: September 22, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

General insurance company Lev Ins, established in 1996, is one of main players in the insurance segment in Bulgaria and offers a full range of non-life insurance products. The company was licensed to provide reinsurance services in the summer of 2006.
As at mid-2007, the company is controlled by local Lev Corporation with a stake of 28%, and Israeli firms Rahiti Meir Classic and Yaad Pirsul 1984, with stakes of 25.2% each. Swiss-registered investment group Julius Baer bought a 9.9% stake in Bulgarian general insurance company Lev Ins for BGN 35 million (EUR 17.9 million) in late July 2007. Julius Baer bought 1.3 million shares in the insurer via two of its funds. The deal has been registered with the country's central depository, the insurer reported without naming the seller of the shares.
According to the Financial Supervision Commission`s report for 2013, the company ranked first on the general insurance market with a market share of 13.4% based on direct premiums.

Headquarters
67A Simeonovsko shose Blvd.
Sofia; Sofia - city; Postal Code: 1700

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Website: http://www.lev-ins.com

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:
February 12, 2002
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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Member of the Management Board
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Member of the Management Board
Ownership Details
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49.03%
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23.04%
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13.5%
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3.74%
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0.53%
Subsidiaries
Lev finans EOOD
100%
Altomaks AD
90.27%
IP Faktori AD
83.75%
Company Performance
Financial values in the chart are available after Lev Ins Insurance Company AD 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
27.76%
Operating profit (EBIT)
-87.02%
Net Profit (Loss) for the Period
-85.52%
Total assets
19.99%
Investments
22.3%
Receivables
38.05%
Total equity
1.16%
Net Premiums Earned Trend
-5.14%
Net Profit Trend
N/A
Return on Equity (ROE)
-6.86%
Loss Ratio
-0.09%
Underwriting Expenses Ratio
6.47%

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