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Abc Insurance SA (Romania)

Main Activities: Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Abc Insurance SA Profile Updated: May 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

ABC Asigurari is a Romanian privately owned entity. The insurer was set up in 1997 and started to operate efectively as of October 2000 by launching a series of products and services. As of June 2000, ABC is acquired by Hidroconstructia SA, a Construction Company, which is its main shareholder. After 2001 the shareholders structure becomes more numerous including other companies and natural persons. Since 2005, ABC Asigurari Reasigurari is a founding member of ARMMA, the Asociation of Small and Middle Insurers from Romania, and is a former member of B.A.A.R., The Romanian Motor Insurers’s Bureau.

Headquarters
Strada Gara Herastrau Nr. 4B
Bucharest; Bucharest; Postal Code: 020334

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
April 23, 1997
Key Executives
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Director
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Director
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Administrator
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Administrator
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Administrator
Ownership Details
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38.13%
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35.7%
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11.47%
Subsidiaries
Pool - Ul De Asigurare Impotriva Dezastrelor Naturale SA
5.5%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency RON. Absolute financial data is included in the purchased report.
Net insurance premium revenue
14.78%
Operating profit (EBIT)
-93.77%
Net Profit (Loss) for the Period
N/A
Total assets
11.09%
Investments
-2.08%
Receivables
43.59%
Total equity
34.98%
Net Premiums Earned Trend
0.55%
Net Profit Trend
-138.17%
Return on Equity (ROE)
N/A
Loss Ratio
-42.15%
Underwriting Expenses Ratio
24.43%

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