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

ING Zycie S.A.

Main Activities: Insurance Carriers

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Company Information

Full name
ING Towarzystwo Ubezpieczen na Zycie S.A.

Previous name(s)
Towarzystwo Ubezpieczen na Zycie ING NATIONALE-NEDERLANDEN POLSKA S.A. (2008)
Towarzystwo Ubezpieczen na Zycie NATIONALE-NEDERLANDEN POLSKA S.A.

Headquarters
ul. Topiel 12; Warszawa; Mazowieckie; 00-342
Status: Non-Listed
Legal Form: Public Limited Company
Operational Status: Operational
NIP: 5271002574
REGON: 010727697
Financial Auditors: Ernst & Young (2010)
Total Employees: 44

Tel: (0-22) 522-00-00

Company Description

ING TUnŻ is the fourth largest life insurer in Poland, with a 6.36% market share in 2010 (8.4% in 2009). ING TUnŻ started in Poland 2nd of August, 1994 under the authorization of the Minister of Finance. The founder and sole shareholder of the Company is ING Continental Europe Holdings BV. ING TUnŻ distributes its products through a network of branches spread throughout Poland.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues decreased with -20.88%, from PLN 2,893,153 thousands to PLN 2,289,096 thousands. Operating result increased from PLN 246,090.25 thousands to PLN 261,957.89 thousands which means 6.45% change. The results of the period increased 2.65% reaching PLN 204,975.02 thousands at the end of the period against PLN 199,680.27 thousands last year. Return on equity (Net income/Total equity) went from 29.48% to 36.44%, the Return On Asset (Net income / Total Asset) went from 2.44% to 2.43% and the Net Profit Margin (Net Income/Net Sales) went from 6.90% to 8.95% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 133.23% compared to 138.35% of last year.

Key Executives

Tomasz Blawat President
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Balance Sheet

Total Assets

8,434,737

8,181,463

Total Liabilities

XXX,XXX

XXX,XXX

Shareholders Equity

XXX,XXX

XXX,XXX

* All the accounts are in PLN.
Income Statement

Total Operating Revenue

X,XXX,XXX

X,XXX,XXX

Operational Profit (Loss)

XXX,XXX

XXX,XXX

Net Profit (Loss)

XXX,XXX

XXX,XXX

* All the accounts are in PLN.
Ratios
Profitability Ratios

Return on Assets (ROA)

X.XX%

X.XX%

Return on Equity (ROE)

XX.XX%

XX.XX%

Return on Sales (ROS)

XX.XX%

X.XX%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

XXX,XXX

XXX,XXX

EBITDA

XXX,XXX

XXX,XXX

Bookvalue (BV)

XXX,XXX

XXX,XXX

Leverage Ratios

Leverage ratio

X,XXX.XX%

X,XXX.XX%

Trend Ratios

Net Income Trend

XXX.XX%

XXX.XX%