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Groupama Biztosito Zrt. (Hungary)

Main Activities: Insurance Carriers
Full name: Groupama Biztosito Zrt. Profile Updated: September 11, 2019
Buy our report for this company USD 29.95 Most recent financial data: 2017 Available in: English & Hungarian Download a sample report

Groupama Biztosító Zrt. is a Hungarian insurance company headquartered in Budapest. The first Hungarian insurance company - Garancia Biztosító, has been incorporated in 1987. OTP Group acquired it shares in 1992 and change the company name to - OTP Garancia Biztosító. The french group – Groupama, entered the Hungarian market in 1998. Groupama Garancia Biztosító, was formed from the merger of Groupama Biztosito and OTP Garancia in 2009, now the company is one of the top players in Hungary. After the transformation from 2015 the company operates under the name of Groupama Biztosító Zrt. The insurer operates through its affiliates in the areas of property insurance, investments, business, automotive, travel, personal risk management. Groupama Biztosító Zrt. relies on a network of 150 branches, 450 brokers and the 400 branches of OTP Bank in the country.

Headquarters
Erzsebet Kiralyne utja 1/. C. Ep.
Budapest; Budapest; Postal Code: 1146

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Website: https://www.groupama.hu/

Basic Information
Total Employees:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 30, 1987
Key Executives
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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
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Member of Board of Directors
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Member of the Supervisory Board
Ownership Details
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100%
Subsidiaries
Concordia-Plus Informatikai Es Ingatlanhasznosito Kft.
Ikon Magyarorszag Oktatasi Kft.
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency HUF. Absolute financial data is included in the purchased report.
Net insurance premium revenue
13.82%
Operating profit (EBIT)
-3.78%
Net Profit (Loss) for the Period
13.32%
Total assets
2.42%
Investments
1.99%
Receivables
90%
Total equity
1.83%
Net Premiums Earned Trend
-68.55%
Return on Equity (ROE)
1.44%
Loss Ratio
1.57%
Underwriting Expenses Ratio
3.63%

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