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Seguros Monterrey New York Life, S.A. de C.V.

Main Activities: Insurance Carriers and Related Activities

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Company Information

Full name
Seguros Monterrey New York Life, S.A. de C.V.

Previous name(s)
Seguros Monterrey Aetna, S.A.

Headquarters
Presidente Mazaryk No. 8 Bosques De Chapultepec.; Mexico City - Miguel Hidalgo; Federal District of Mexico City; 11580
Status: Non-Listed
Legal Form: Limited Liability Company
Operational Status: Operational
RFC: SMN930802FN9
Incorporation Date: January 31, 2008
Total Employees: 1,200

Tel: +52 (55) 5326 9101

Company Description

Established over 60 years ago, Seguros Monterrey New York Life S.A. de C.V. is especialized in life insurance sector. In 1992, it merged with "Aetna International Inc" creating "Seguros Monterrey Aetna". In 1995, the company merged with "Grupo Financiero Bancomer", and in 2000 the American "New York Life" established in Mexico. Those companies gave rise to "Seguros Monterrey New York Life".
Currently it offers insurance for people and companies, such as life insurance,
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the first two cumulated quarters of 2012, total net operating revenues increased with 13.28%, from MXN 6,584,523,342.76 to MXN 7,459,197,496.28 . Operating result decreased from MXN -603,157,650.86 to MXN -1,345,974,283.18 which means -123.15% change. The results of the period decreased -36.23% reaching MXN 314,158,608.79 at the end of the period against MXN 492,608,395.08 last year. Return on equity (Net income/Total equity) went from 11.01% to 6.25%, the Return On Asset (Net income / Total Asset) went from 1.16% to 0.61% and the Net Profit Margin (Net Income/Net Sales) went from 7.48% to 4.21% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 917.47% compared to 846.98% of last year.

Key Executives

Mario Antonio Vela Berrondo Chief Executive Officer
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Balance Sheet

Total Assets

51,236,872

51,170,605

Total Liabilities

XX,XXX,XXX

XX,XXX,XXX

Shareholders Equity

X,XXX,XXX

X,XXX,XXX

* All the accounts are in MXN.
Income Statement

Total Operating Revenue

XX,XXX,XXX

X,XXX,XXX

Operational Profit (Loss)

-X,XXX,XXX

-X,XXX,XXX

Net Profit (Loss)

XXX,XXX

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)

X.XX%

X.XX%

Annualised Return on Equity (ROE)

XX.XX%

XX.X%

Return on Capital

-XX.XX%

-XX.XX%

Operating Profit Margin

-XX.XX%

-XX.XX%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-X,XXX,XXX

-X,XXX,XXX

EBITDA

-X,XXX,XXX

-X,XXX,XXX

Bookvalue (BV)

X,XXX,XXX

X,XXX,XXX

Leverage Ratios

Leverage ratio

XXX.XX%

X,XXX.XX%

Debt to equity

XXX.XX%

XXX.XX%

Debt to total assets

XX.XX%

XX.XX%

Trend Ratios

Revenue Trend

XXX.XX%

XXX.XX%

Net Income Trend

XX.XX%

XX.XX%

Operating Income Trend

XXX.XX%

XXX.XX%