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Societatea De Asigurare-Reasigurare City Insurance SA (Romania)

Main Activities: Insurance Carriers | Direct Health and Medical Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Societatea De Asigurare-Reasigurare City Insurance SA Profile Updated: July 01, 2021
Buy our report for this company USD 29.95 Most recent financial data: 2020 Available in: English Download a sample report

Societatea de Asigurare-Reasigurare City Insurance SA is a Romanian general insurance company which has been incorporated in 1998 by a group of Romanian investors. City Insurance offer its clients – both legal and natural persons, a complete insurance products range. In March 2005, the majority share stock (approximately 51%) of the company was bought by the Financial Investment Company S.C.Puglia Cauzioni S.p.A. By successive later acquisitions S.C.Puglia Cauzioni S.p.A. came to a hold of 90% stake. The company is a member of B.A.A.R., The Romanian Motor Insurers’s Bureau. From 2009 is involved in the creation of The Insurance Pool against Natural Disasters (PAID). As of the end of 2009, City Insurance is authorized to sell mandatory motor third party liability policies – MTPL, thus, offering a complete range of insurance products and services.

Headquarters
Strada Emanoil Porumbaru Nr. 93-95
Bucharest; Bucharest;

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Website: http://www.cityinsurance.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:
March 31, 1998
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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85.2302%
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7.8695%
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6.9003%
Subsidiaries
City Invest & Management SRL
100%
Pool - Ul De Asigurare Impotriva Dezastrelor Naturale SA
5.5%
Company Performance
Financial values in the chart are available after Societatea De Asigurare-Reasigurare City Insurance 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
-8.12%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
25.14%
Investments
-58.62%
Receivables
-5.04%
Total equity
-19.68%
Net Premiums Earned Trend
N/A
Net Profit Trend
-138.88%
Return on Equity (ROE)
N/A
Loss Ratio
9.38%
Underwriting Expenses Ratio
5.28%

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