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Colombia
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Ace Seguros S.A.

Main Activities: Insurance Carriers

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Company Information

Full name
Ace Seguros S.A.

Headquarters
Calle 72 No. 10-51 Piso 7; Bogota D.C; Bogota D.C
Status: Non-Listed
Legal Form: Public Limited Company
Operational Status: Operational
Fiscal ID (NIT): 860026518

Tel: +57-1-3190300 / 3190400

Company Description

The company was established on June 1948 and since 1999 it is known as ACE Seguros S.A. Nowadays the company has operations in Bogotá, Barranquilla, Cali and Medellín, with active support in other cities in Colombia. Its object is the conclusion of insurance contracts and general people.

Company Analysis

According to the Individual - Audited financial statement for the first eleven cumulated months of 2012, total net operating revenues decreased with -2.35%, from COP 392,465,571.05 thousands to COP 383,224,464.79 thousands. Operating result increased from COP 5,779,718.16 thousands to COP 6,315,991.07 thousands which means 9.28% change. The results of the period decreased -16.50% reaching COP 3,155,991.06 thousands at the end of the period against COP 3,779,718.17 thousands last year. Return on equity (Net income/Total equity) went from 11.09% to 8.68%, the Return On Asset (Net income / Total Asset) went from 2.20% to 1.79% and the Net Profit Margin (Net Income/Net Sales) went from 0.96% to 0.82% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 385.32% compared to 402.99% of last year.

Key Executives

Miguel Sierra Martinez Legal Representative
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Balance Sheet

Total Assets

181,221,355

183,654,336

Total Liabilities

XXX,XXX,XXX

XXX,XXX,XXX

Shareholders Equity

XX,XXX,XXX

XX,XXX,XXX

* All the accounts are in COP.
Income Statement

Total Operating Revenue

XX,XXX,XXX

XX,XXX,XXX

Operational Profit (Loss)

X,XXX,XXX

X,XXX,XXX

Net Profit (Loss)

XXX,XXX

XXX,XXX

* All the accounts are in COP.
Ratios
Profitability Ratios

Return on Assets (ROA)

X.X%

X.XX%

Annualised Return on Assets (ROA)

X.X%

X.XX%

Return on Equity (ROE)

X.XX%

X.XX%

Annualised Return on Equity (ROE)

X.XX%

XX.XX%

Efficiency Ratios

Asset Turnover

X.XXx

X.XXx

Valuation figures and ratios

Bookvalue (BV)

XX,XXX,XXX

XX,XXX,XXX

Leverage Ratios

Leverage ratio

XXX.XX%

XXX.XX%

Debt to total assets

XX.XX%

XX.XX%

Trend Ratios

Net Income Trend

XX.XX%

XXX.XX%