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Agroasemex S.A. (Mexico)

Main Activities: Direct Property and Casualty Insurance Carriers
Full name: Agroasemex S.A. Profile Updated: January 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

AGROASEMEX is a national insurance institution located in Queretaro, Mexico. It was established with the mission to protect the assets and productive capacity of the rural sector. The majority of its capital is owned by the federal government, and it serves as a public policy instrument that contributes to the formation of a national risk management system for the comprehensive protection of the rural sector. AGROASEMEX provides reinsurance services to Mexican insurance institutions, mutual societies, and insurance funds. As a development agency, it promotes the participation of private and social agents in the agricultural insurance market. With its expertise as a specialized insurance institution in the agricultural sector, AGROASEMEX designs new insurance schemes to expand market coverage. It has become a leader in agricultural risk management in Latin America, particularly through the development and operation of parametric or index-based insurance, in which international reinsurers have participated. The strength of AGROASEMEX lies in the experience of its human capital. With an efficient service philosophy and clear principles, values, and objectives, it works every day to establish itself as a strong public institution capable of meeting the coverage needs of the rural sector.

Headquarters
Avenida Constituyentes 124 Pte, Col. Centro
Queretaro; Queretaro; Postal Code: 76030

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Website: http://www.agroasemex.gob.mx

Basic Information
Total Employees:
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Outstanding Shares:
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Incorporation Date:
June 05, 1990
Key Executives
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Deputy General Director
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Director
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Deputy Director
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Deputy Director
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Chief Financial Officer
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MXN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-65.05%
Operating profit (EBIT)
39.97%
Net Profit (Loss) for the Period
236.09%
Total assets
44.3%
Investments
18.24%
Receivables
98.16%
Total equity
16.43%
Net Premiums Earned Trend
N/A
Net Profit Trend
144.72%
Return on Equity (ROE)
8.79%
Underwriting Expenses Ratio
-49.58%

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