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National Reinsurance Corporation of the Philippines
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name National Reinsurance Corporation of the Philippines Headquarters 18F Philippine AXA Life Ctr Sen. Gil Puyat Ave cor Tindalo St; Makati ; National Capital Region; 1200 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational CIBI: 0000080118 Financial Auditors: Punongbayan & Araullo (2011) Incorporation Date: June 7, 1978 Total Employees: 92 Tel: (63 2) 7595801 |
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Company Description |
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National Reinsurance Corporation of the Philippines was incorporated in 1978 as a domestic professional reinsurance firm to provide life and non-life reinsurance to the Philippines and neighboring insurance markets. On January 15, 2007, the Company received approval from the Securities and Exchange Commission to use the names and styles of Philippine National Reinsurance Company or “PhilNaRe” to enhance its image as the country’s national reinsurer. The primary mandate of PhilNaRe is to |
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 2498.85%, from PHP 10,390 thousands to PHP 270,021 thousands. The results of the period reached PHP 340,350 thousands at the end of the period against PHP -479,978 thousands last year. Return on equity (Net income/Total equity) went from -8.07% to 5.56%, the Return On Asset (Net income / Total Asset) went from -3.82% to 2.69% and the Net Profit Margin (Net Income/Net Sales) went from -4619.62% to 126.05% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 106.30% compared to 111.03% of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2011 Y (cons) |
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| Audited | Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
15,615,220 |
12,638,082 |
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Current Assets |
15,198,547 |
12,247,461 |
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Total Liabilities |
9,609,194 |
6,512,008 |
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Shareholders Equity |
6,006,026 |
6,126,074 |
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| * All the accounts are in PHP. | ||
Income Statement
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Total Operating Revenue |
0 |
270,021 |
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Net Profit (Loss) |
27,958 |
340,350 |
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| * All the accounts are in PHP. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.18% |
2.69% |
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Annualised Return on Assets (ROA) |
0.18% |
2.69% |
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Return on Equity (ROE) |
0.47% |
5.56% |
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Annualised Return on Equity (ROE) |
0.47% |
5.56% |
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Return on Capital |
0.41% |
4.85% |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-241,521 |
21,242 |
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EBITDA |
-241,521 |
21,242 |
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Enterprise value |
2,482,823 |
2,358,629 |
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Enterprise Value / EBITDA |
-10.28 |
111.04 |
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Bookvalue (BV) |
15,615,220 |
12,638,082 |
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Net Cash |
1,226,499 |
1,699,806 |
| Leverage Ratios | ||
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Leverage ratio |
259.99% |
206.3% |
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Debt to equity |
159.99% |
106.3% |
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Debt to total assets |
61.54% |
51.53% |
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Long Term Debt to Capital |
81.49% |
74.9% |
| Market ratios | ||
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Market Capitalization/EBITDA |
-15.36 |
191.06 |
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Price/Book Ratio |
0.24 |
0.33 |
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Market Cap / Net cash |
3.02 |
2.39 |
| Trend Ratios | ||
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Net Income Trend |
8.21% |
-70.91% |
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Operating Income Trend |
-1,137% |
-9.23% |
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