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Seguros del Pichincha S.A. (Ecuador)

Main Activities: Direct Life Insurance Carriers | Direct Health and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Seguros del Pichincha S.A. Compania de Seguros y Reaseguros Profile Updated: March 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Seguros del Pichincha S.A. Compania de Seguros y Reaseguros is an insurance company located in Quito, Ecuador. It was founded in 1995 by Dr. Fidel Egas, who recognized the need for financial solutions to support the bank's clients. The company opened offices in Quito and Guayaquil. In the early 2000s, Seguros del Pichincha developed a strategic plan with the goal of becoming the number one life insurance company in the country. Over the years, they achieved this objective and are currently focused on growth based on technical results, ensuring profitability for the company and its shareholders. In 2015, Seguros del Pichincha embarked on a strategic planning process for the year 2021. This involved a cultural shift within the company, aligning the competencies and profiles of all employees with the company's objectives. In July 2020, Seguros del Pichincha launched Vívelo, the first digital insurance sales platform in Ecuador. This platform allows consumers to quickly and easily purchase insurance without paperwork or visiting an agency, with the process taking two minutes or less.

Headquarters
Av. Gonzalez Suarez 32-346 y Coruna
Quito; Pichincha;

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Website: http://www.segurosdelpichincha.com/

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
February 17, 1995
Key Executives
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President
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Chairman
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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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100%
Company Performance
Financial values in the chart are available after Seguros del Pichincha 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
8.73%
Net fee and commission income
-29.52%
Operating profit (EBIT)
38.95%
Net Profit (Loss) for the Period
22.03%
Total assets
60.66%
Investments
56.6%
Receivables
71.42%
Total equity
47.53%
Net Premiums Earned Trend
-25.52%
Net Profit Trend
N/A
Return on Equity (ROE)
-5.44%
Loss Ratio
4.33%
Underwriting Expenses Ratio
1.34%

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