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Nobleza S.A. de Seguros (Paraguay)

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

Nobleza S.A. de Seguros is a company located in Asuncion, Paraguay. It was established in 2016 with the objective of selling insurance policies in the automobile sector. The company is affiliated with Grupo Michelagnoli, a leading player in the automotive market. In 2017, FINANCIERA RIO S.A.E.C.A. acquired the majority stake in Nobleza S.A. de Seguros, becoming the company's largest shareholder. FINANCIERA RIO S.A.E.C.A. later merged with BANCO ITAPUA S.A.E.C.A., forming BANCO RIO S.A.E.C.A., which became the wholesale owner of the insurance company. In 2019, BANCO RIO S.A.E.C.A. further strengthened its presence in the Paraguayan market by acquiring the majority stake in Aseguradora del Sur (Asur) through a merger. As a result, Nobleza S.A. de Seguros is now a prominent player in the insurance market in Paraguay.

Headquarters
Avda. Republica Argentina y Mariscal Lopez, floor - 9, Torre de las Americas Building
Asuncion; Distrito Capital;

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Website: http://www.noblezaseguros.com.py

Basic Information
Outstanding Shares:
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Incorporation Date:
October 21, 2015
Key Executives
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President
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Vice President
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Administration and Finance Manager
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Administrative Manager
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Syndic
Ownership Details
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100%
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Company Performance
Financial values in the chart are available after Nobleza S.A. de Seguros report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PYG. Absolute financial data is included in the purchased report.
Net insurance premium revenue
10.89%
Operating profit (EBIT)
10.15%
Net Profit (Loss) for the Period
7.34%
Total assets
11.32%
Investments
16.88%
Receivables
0.39%
Total equity
12.95%
Net Premiums Earned Trend
N/A
Net Profit Trend
-8.18%
Return on Equity (ROE)
-1.07%
Underwriting Expenses Ratio
2.29%

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