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Pensiones Sura, S.A. de C.V.

Main Activities: Insurance Carriers and Related Activities - Funds, Trusts, and Other Financial Vehicles

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Company Information

Full name
Pensiones Sura, S.A. de C.V.

Previous name(s)
ING Pensiones, S.A. de C.V. (2012)

Headquarters
Paseo de la Reforma 222, piso 4,5 y 6. Col. Juarez; Mexico City - Cuauhtemoc; Federal District of Mexico City; 06600
Status: Non-Listed
Legal Form: Limited Liability Company
Operational Status: Operational
RFC: IAF-961217-6P2
Financial Auditors: Ernst & Young (2012)
Incorporation Date: June 17, 1997
Total Employees: 2,500

Tel: +52 (55) 5345 1000

Company Description

"ING Pensiones", founded in 1997 as "ING Pensiones" is a company authorized by the Tax Ministry in Mexico to operate pension funds and celebrate life insurance contracts, in order to receive revenue from the individual accounts of retired people from the Institutes of Social Security and invest them.
In December 2011 following the acquisition of ING Insurance's operations in Latin America by Grupo Sura, it became part of this cluster taking the name of "Pensiones Sura".

Company Analysis

According to the Consolidated - Non-Audited financial statement for the first two cumulated quarters of 2012, total net operating revenues decreased with -10.87%, from MXN 7,227,312.03 to MXN 6,442,049.91 . Operating result increased from MXN -148,819,365.75 to MXN -147,610,610.72 which means 0.81% change. The results of the period reached MXN 63,304,109.31 at the end of the period against MXN -859,458.62 last year. Return on equity (Net income/Total equity) went from -0.16% to 16.82%, the Return On Asset (Net income / Total Asset) went from -0.02% to 1.13% and the Net Profit Margin (Net Income/Net Sales) went from -11.89% to 982.67% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1383.68% compared to 945.01% of last year.

Key Executives

Daniel Acosta Ruiz Chief Executive Officer
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Balance Sheet

Total Assets

5,705,902,875

5,583,349,394

Total Liabilities

X,XXX,XXX,XXX

X,XXX,XXX,XXX

Shareholders Equity

XXX,XXX,XXX

XXX,XXX,XXX

* All the accounts are in MXN.
Income Statement

Total Operating Revenue

X,XXX,XXX

X,XXX,XXX

Operational Profit (Loss)

-XXX,XXX,XXX

-XXX,XXX,XXX

Net Profit (Loss)

XXX,XXX,XXX

XX,XXX,XXX

* All the accounts are in MXN.
Ratios
Profitability Ratios

Return on Assets (ROA)

X.XX%

X.XX%

Annualised Return on Assets (ROA)

X.XX%

X.XX%

Return on Equity (ROE)

XX.X%

XX.XX%

Annualised Return on Equity (ROE)

XX.XX%

XX.XX%

Return on Capital

-XX.XX%

-XX.XX%

Operating Profit Margin

-X,XXX.XX%

-XXX.XX%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-XXX,XXX,XXX

-XXX,XXX,XXX

EBITDA

-XXX,XXX,XXX

-XXX,XXX,XXX

Bookvalue (BV)

XXX,XXX,XXX

XXX,XXX,XXX

Leverage Ratios

Leverage ratio

X,XXX.XX%

X,XXX.XX%

Debt to equity

X,XXX.XX%

X,XXX.XX%

Debt to total assets

XX.X%

XX.XX%

Trend Ratios

Revenue Trend

XX.XX%

XX.XX%

Net Income Trend

XXX.XX%

-X,XXX.XX%

Operating Income Trend

XXX.X%

XX.XX%