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Compania de Seguros Condor S.A. (Ecuador)

Main Activities: Insurance Carriers
Full name: Compania de Seguros Condor S.A. Profile Updated: July 02, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Spanish Download a sample report

Compania de Seguros Condor S.A. is an insurance company located in Guayaquil, Ecuador. It was incorporated in 1966 when the founder, Luis Adolfo Noboa Naranjo, saw the opportunity to establish an insurance company for the country and its people. The company's operation was materialized through an agreement with the multinational insurance company, Hartford Insurance, which had its agency in Ecuador. Over time, Seguros Condor has strengthened its assets and gained the trust of its customers, positioning itself as one of the most solid insurance companies in the market. It has a broad and top-tier international reinsurance support. Seguros Condor aims to be a strong and secure company, ready to face the challenges of the current millennium. Its main focus is to offer the best service and ensure the peace of mind of its customers.

Headquarters
Av. Francisco de Paula Ycaza 302, Seguros Condor Building, Floor 6
Guayaquil; Guayas;

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Website: http://www.seguroscondor.com

Basic Information
Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 16, 1966
Key Executives
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Chairman
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Vice President
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
Ownership Details
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61.26%
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35.74%
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1.5%
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1.5%
Subsidiaries
Compania Reaseguradora del Ecuador S.A.
3.99%
Seguros Confianza S.A.
0.14%
Company Performance
Financial values in the chart are available after Compania de Seguros Condor S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
13.49%
Net fee and commission income
-3.41%
Operating profit (EBIT)
-1.96%
Net Profit (Loss) for the Period
11.61%
Total assets
4.53%
Investments
-5.91%
Receivables
21.97%
Total equity
2.2%
Net Premiums Earned Trend
-39.61%
Net Profit Trend
N/A
Return on Equity (ROE)
0.19%
Loss Ratio
13.15%
Underwriting Expenses Ratio
-3.49%

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