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Last $0.91 PHP
Change Today -0.05 / -5.21%
Volume 349.0K
NRCP On Other Exchanges
Symbol
Exchange
Philippines
As of 11:27 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

national reinsurance corp ph (NRCP) Snapshot

Open
$0.93
Previous Close
$0.96
Day High
$1.00
Day Low
$0.91
52 Week High
10/9/14 - $1.29
52 Week Low
12/22/14 - $0.90
Market Cap
1.9B
Average Volume 10 Days
99.4K
EPS TTM
$-0.11
Shares Outstanding
2.1B
EX-Date
05/28/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NATIONAL REINSURANCE CORP PH (NRCP)

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national reinsurance corp ph (NRCP) Details

National Reinsurance Corporation of the Philippines, doing business as Philippine National Reinsurance Company, provides life and non-life reinsurance to the Philippines and neighboring insurance markets. The company’s non-life reinsurance products include fire insurance covers standard fire and industrial all risks; marine and aviation reinsurance products covering insurance on aircraft, marine vessels, and marine cargo; and casualty and other reinsurance products covering contractors all risks, erection all risks, electronic equipment insurance, machinery breakdown, boiler pressure vessels, comprehensive general liability, personal and group accident, errors and omissions, directors liability, products liability, money securities and payroll, fidelity guarantee, robbery and burglary, equipment floater, hole-in-one, all risks, crop insurance, construction related bonds, and motor cars. Its life reinsurance products comprise individual/ordinary reinsurance, such as whole life, limited pay life, endowment, anticipated life, and individual term reinsurance; group term, credit, and mortgage redemption reinsurance; and reinsurance for catastrophe cover, excess of loss, and stop loss. National Reinsurance Corporation of the Philippines was founded in 1977 and is based in Makati City, the Philippines.

55 Employees
Last Reported Date: 04/15/15
Founded in 1977

national reinsurance corp ph (NRCP) Top Compensated Officers

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Executives, Board Directors

national reinsurance corp ph (NRCP) Key Developments

National Reinsurance Corp. of the Philippines Announces Earnings Results the Second Quarter and Six Months Ended June 30, 2015

National Reinsurance Corp. of the Philippines announced earnings results the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of PHP 303,524,309 compared to PHP 129,546,956 a year ago. Net loss before income taxes was PHP 39,355,582 compared to net income before income taxes of PHP 3,398,971 a year ago. Net loss after income taxes was PHP 50,977,412 or PHP 0.02 basic per share compared to PHP 8,591,684 or PHP 0 per basic share a year ago. For the six months, the company reported operating revenues of PHP 501,040,217 compared to PHP 352,559,978 a year ago. Net income before income taxes was PHP 61,134,291 compared to PHP 7,831,275 a year ago. Net income after income taxes was PHP 37,256,573 or PHP 0.02 basic per share compared to net loss after income taxes of PHP 16,859,986 or PHP 0.01 per basic share a year ago.

National Reinsurance Corp. of the Philippines Announces Unaudited Financial Results for the First Quarter Ended March 31, 2015

National Reinsurance Corp. of the Philippines announced unaudited financial results for the first quarter ended March 31, 2015. Reinsurance premiums for the first quarter of 2015 totaled PHP 506.0 million, 7% or PHP 38.1 million lower than PHP 544.1 million in the first quarter of 2014. The decline was due to a decrease in both non-life facultative reinsurance premiums (PHP 67.2 million) and life reinsurance premium (PHP 7.3 million) respectively. These declines were not sufficiently offset by an increase in reinsurance premiums from the non-life treaty business which increased by 15.3% or PHP 36.4 million from PHP 237.7 million in the first quarter of 2014 to PHP 274.1 million in first quarter of 2015. Reinsurance premiums retained for the first quarter of 2015 decreased by PHP 25.6 million or 11.4% from PHP 224.7 million in first quarter of 2014 to PHP 199.1 million in the first quarter of 2015. Premiums earned amounted to PHP 197.5 million and PHP 223.0 million in the first quarter of 2015 and in the first quarter of 2014 respectively. Interest income net, decreased by PHP 5.0 million or 7.5% from P66.2 million in the first quarter of 2014 to PHP 61.2 million in the first quarter of 2015 mainly due to lower interest rate. However, this was offset by the increases in trading gains and other income net (PHP 8.1 million), dividend income (PHP 3.6 million) and foreign exchange translation gain (PHP 11.5 million). The company's net profit amounted to PHP 88.2 million in the first quarter of 2015 compared to a net loss of PHP 8.3 million in the first quarter of 2014 mainly due to posted underwriting profit of PHP 47.0 million in the first quarter of 2015 while last year posted an underwriting loss of PHP 37.6 million. Earnings per share were PHP 0.04 against loss per share of PHP 0.004 a year ago. Return on average equity was 1.56% against negative return on average equity of 0.15% a year ago. Net underwriting income was PHP 46,993,990 against negative net underwriting income of PHP 37,553,644 a year ago. Profit before tax was PHP 100,489,873 against PHP 4,432,305 a year ago. Net cash used in operating activities was PHP 101,781,168 against PHP 110,169,727 a year ago. Acquisition of property and equipment was PHP 1,266,685 against PHP 1,493,414 a year ago. Acquisition of intangible assets was PHP 195,973.

National Reinsurance Corp. of the Philippines, Annual General Meeting, Jul 13, 2015

National Reinsurance Corp. of the Philippines, Annual General Meeting, Jul 13, 2015., at 15:00 Singapore Standard Time. Location: Carlos P. Romulo Auditorium. Agenda: To approve of minutes of previous stockholder's meeting; to approve the management report for the year ended December 31, 2014; to ratify all acts of the Board of Directors and Officers during the preceding year; to appoint independent auditors; to approve election of Directors, including the Independent Directors; and to consider other matters.

 

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