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Asigurarea Romaneasca - Asirom Vienna Insurance Group SA (Romania)

Main Activities: Insurance Carriers | Direct Life, Health, and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Asigurarea Romaneasca - Asirom Vienna Insurance Group 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

Asigurarea Romaneasca Asirom SA was established on 1 January 1991. Until 1997, Asirom was the leader of life insurance market, but after that date it was outpaced by Dutch ING Asigurari and was not able to recover its position. Furthermore, Asirom lost as well the leader position on the general insurance market in favor of Allianz Tiriac insurer as of end 2003. In July 2007, Vienna Insurance Group acquired a 30% stake in Asirom for EUR 47 mn from Interagro, the main shareholder; the transaction took place on Rasdaq market. At the beginning of November 2007, Vienna Insurance bought the rest of 20% held by Interagro for EUR 30 mn., thus raising its stake at 50.18% in Asirom. On November 26th 2007 Vienna Insurance Group made an offer for the remaining shares on a total of EUR 69 mn. In December 2007 WIENER STADTISCHE VERSICHERUNG AG bought in a public offer another 16.35% stake in Asirom and in June 2008, as a result of a share capital raise, came to 85.91% stake.

Headquarters
Bulevardul Carol I Nr. 31-33
Bucharest; Bucharest; Postal Code: 003112

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Website: http://www.asirom.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:
February 08, 1991
Key Executives
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Member of the Supervisory Board
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Member of the Supervisory Board
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Member of the Supervisory Board
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Member of the Supervisory Board
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Member of the Supervisory Board
Ownership Details
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88.76%
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11.02%
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0.22%
Subsidiaries
Vig Management Service SRL
18%
Claim Expert GIE
Company Performance
Financial values in the chart are available after Asigurarea Romaneasca - Asirom Vienna Insurance Group SA report is purchased.
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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
18.31%
Operating profit (EBIT)
68.08%
Net Profit (Loss) for the Period
68.08%
Total assets
-7.58%
Investments
-2.06%
Receivables
-0.94%
Total equity
0.36%
Net Premiums Earned Trend
4.98%
Net Profit Trend
12.64%
Return on Equity (ROE)
6.1%
Loss Ratio
7.39%
Underwriting Expenses Ratio
-5.11%

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