December 03, 2016 3:28 PM ET

Insurance

Company Overview of Interseguro Compania de Seguros S.A.

Company Overview

Interseguro Compañía de Seguros S.A. operates as a life insurance company in Peru. It also leases and rents real estate properties. The company was founded in 1998 and is based in San Isidro, Peru. Interseguro Compania de Seguros S.A. operates as a subsidiary of Intercorp Financial Services Inc.

Av. Pardo y Aliaga No 634

San Isidro,  

Peru

Founded in 1998

589 Employees

Phone:

51 1 611 4700

Fax:

51 1 611 4720

Key Executives for Interseguro Compania de Seguros S.A.

Chief Executive Officer and General Manager
Age: 46
Vice President of Administration and Finance
Vice President of Operations and Technical Systems
Vice President of Investment
Vice President of Commercial
Compensation as of Fiscal Year 2016.

Interseguro Compania de Seguros S.A. Key Developments

Interseguro Announces Unaudited Earnings Results for the Third Quarter Ended September 30, 2015

Interseguro announced unaudited earnings results for the third quarter ended September 30, 2015. For the quarter, the company reported net interest and similar income of PEN 64.1 million against PEN 46.7 million a year ago. Income before translation result and income tax was PEN 150.2 million against PEN 75.4 million a year ago. Profit for the period was PEN 157.4 million against PEN 69.4 million a year ago. Profit attributable to shareholders was PEN 156.2 million against PEN 69.5 million a year ago. ROAE was 152.7% against 48.7% a year ago. The quarter on quarter decrease was mainly due to an increase in interest and similar expenses as a result of higher interest payments on subordinated debt denominated in dollars. The year on year growth was mainly due to an increase in interest on investments available-for-sale as a result of a 18.7% increase in the average volume of Interseguro's investment portfolio and a 45 basis point increase in the nominal average rate. Net premiums was PEN 214 million against PEN 168.1 million a year ago. The quarter on quarter growth in profits was mainly due to PEN 35.6 million increase in total premiums earned less claims and benefits and a PEN 24.3 million increase in net gain on sale of securities (other income). These factors were partially offset by a PEN 19.0 million increase in impairment loss on available-for-sale investments (other expenses). Likewise, the year on year increase was mainly due to a PEN 51.4 million increase in total premiums earned less claims and benefits and a PEN 40.8 million increase in net gain on sale of securities, partially offset by a PEN 29.3 million increase in impairment loss on available-for-sale investments.

Interseguro Announces Unaudited Earnings Results for the Second Quarter Ended June 30, 2015

Interseguro announced unaudited earnings results for the second quarter ended June 30, 2015. For the quarter, the company’s net interest and similar income was PEN 64.9 million compared to PEN 51.1 million for the same period a year ago. Income before translation result and income tax was PEN 117.7 million compared to PEN 79.8 million for the same period a year ago. Profit for the period was PEN 117.2 million compared to PEN 80.7 million for the same period a year ago. Profit attributable to shareholders was PEN 117.5 million compared to PEN 80.7 million for the same period a year ago. ROAE was 95.4% compared to 74.2% for the same period a year ago.

Interseguro Reports Earnings Results for the First Quarter of 2015

Interseguro reported earnings results for the first quarter of 2015. For the period, the company reported net interest and similar income of PEN 53.3 million, income before translation result and income tax of PEN 34.2 million, profit of PEN 33.8 million, profit attributable to shareholders of PEN 33.6 million and ROAE of 23.3% against net interest and similar income of PEN 42.6 million, loss before translation result and income tax of PEN 56.8 million, loss of PEN 57.0 million, loss attributable to shareholders of PEN 57.1 million and negative ROAE of 49.9% a year ago. Net premiums of PEN 204.3 million compared to PEN 165.3 million a year ago.

Recent Private Companies Transactions

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