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Ace Seguros S.A. Compania de Seguros y Reaseguros
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Ace Seguros S.A. Compania de Seguros y Reaseguros Previous name(s) Altas Cumbres Compañía de Seguros de Vida (2007) Headquarters Calle Amador Merino Reyna 267, Of. 402; Lima; Lima |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Fiscal ID (ISIN CODE ): CA0221431012 Fiscal ID (RUC): 20390625007 Financial Auditors: PricewaterhouseCoopers (2010) Incorporation Date: June 30, 1998 Total Employees: 54 Tel: +51-1-4175000 |
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Company Description |
| Ace Seguros Peru, is the Peruvian unit of Bermuda-based insurer ACE. The company commenced operations in Peru in 2006, when the company bought the Insurance company Vida Altas Cumbres to Chilean financial group Altas Cumbres. The company has experience in the areas of Property and Casualty, Accident and Health, offering a wide range of coverages for the risks of transportation, professional, personal accident, disability, industrial, engineering, medical and unemployment. Ace Peru is controlled | ||
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Company Analysis |
| According to the Individual - Non-Audited financial statement for the third quarter of 2012, total net operating revenues increased with 29.36%, from PEN 24,326 thousands to PEN 31,468 thousands. The results of the period decreased -10.85% reaching PEN 1,233 thousands at the end of the period against PEN 1,383 thousands last year. Return on equity (Net income/Total equity) went from 3.33% to 2.66%, the Return On Asset (Net income / Total Asset) went from 1.53% to 1.18% and the Net Profit Margin (Net Income/Net Sales) went from 5.69% to 3.92% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 125.06% compared to 117.03% of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2013 M03C (non-cons) |
2013 M02C (non-cons) |
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| Non-Audited | Non-Audited | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
140,227 |
144,310 |
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Current Assets |
71,254 |
75,253 |
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Total Liabilities |
90,265 |
94,023 |
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Shareholders Equity |
49,963 |
50,287 |
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Current Liabilities |
40,627 |
44,803 |
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| * All the accounts are in PEN. | ||
Income Statement
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Net Profit (Loss) |
1,671 |
1,877 |
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| * All the accounts are in PEN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
1.19% |
1.3% |
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Return on Equity (ROE) |
3.34% |
3.73% |
| Valuation figures and ratios | ||
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Enterprise value |
153,370 |
152,328 |
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Bookvalue (BV) |
49,962 |
50,287 |
| Liquidity Ratios | ||
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Current Ratio |
175.39% |
167.96% |
| Leverage Ratios | ||
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Leverage ratio |
280.66% |
286.97% |
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Debt to equity |
180.66% |
186.97% |
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Debt to total assets |
64.37% |
65.15% |
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Debt / Enterprise Value |
58.85% |
61.72% |
| Market ratios | ||
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Price/Book Ratio |
0.27 |
0.27 |
| Trend Ratios | ||
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Revenue Trend |
59.82% |
56.28% |
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