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Garanta Asigurari SA (Romania)

Main Activities: Insurance Carriers | Direct Life, Health, and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Garanta 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

Garanta Asigurari SA has been incorporated in October 1997. In September 2006, Garanta took over NBG Asigurari, the former Alpha Insurance, bought in October 2005 by the National Bank of Greece (NBG)from Alpha Bank. The main shareholder of Garanta Asigurari is The ETHNIKI Hellenic General Insurance Company - one of the most major players on the greek insurance market. The company is a member of The National Association of Insurance and Reinsurance Companies and of Romanian Pension Funds' Association. Garanta Asigurari is also authorised by the Financial Supervisory Authority to issue policy of insurance against disasters (PAD).

Headquarters
Bulevardul Ion Mihalache Nr. 19-21
Bucharest; Bucharest;

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Website: http://www.garanta.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:
October 06, 1997
Key Executives
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Director
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Administrator
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Administrator
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Administrator
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Administrator
Ownership Details
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94.965%
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4.0155%
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0.4269%
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0.3457%
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0.2469%
Subsidiaries
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
4.48%
Operating profit (EBIT)
-12.08%
Net Profit (Loss) for the Period
-12.08%
Total assets
-2.38%
Investments
-57.51%
Receivables
16.55%
Total equity
-12.61%
Return on Equity (ROE)
-3.9%
Loss Ratio
-1.75%
Underwriting Expenses Ratio
-0.59%

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