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Allianz - Tiriac Asigurari SA (Romania)

Main Activities: Insurance Carriers | Direct Life, Health, and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Allianz - Tiriac Asigurari SA Profile Updated: September 13, 2021
Buy our report for this company USD 29.95 Most recent financial data: 2020 Available in: English Download a sample report

Allianz-Tiriac Asigurari SA (Insurance Ion Tiriac company) was set up in August 1994, as a company with fully private capital. In August 2000, German insurance group, Allianz AG took over a 51% stake in the company and re-named it into Allianz - Tiriac Insurance. The new entity managed to gain momentum on the local line market so that as of end 2003 it ranked the first per entire insurance industry, outpacing Asirom, largest local insurer.

Headquarters
Strada Caderea Bastiliei Nr. 80-84
Bucharest; Bucharest;

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Website: https://www.allianztiriac.ro/

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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Ratings:
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Incorporation Date:
August 25, 1994
Key Executives
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Director
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Director
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Director
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Administrator
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Administrator
Ownership Details
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52.1645%
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44.7903%
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2.7325%
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0.3127%
Subsidiaries
Delgaz Grid SA
1.2292%
Allianz - Tiriac Asigurari Sa Bucuresti Sucursala Craiova
Allianz-Tiriac Asigurari Sa Bucuresti - Sucursala Suceava
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
1.43%
Operating profit (EBIT)
-17.25%
Net Profit (Loss) for the Period
-21.74%
Total assets
2.31%
Investments
6.29%
Receivables
0.49%
Total equity
5.35%
Net Premiums Earned Trend
-5.44%
Net Profit Trend
N/A
Return on Equity (ROE)
-4.19%
Loss Ratio
3.26%
Underwriting Expenses Ratio
0.62%

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