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Oriente Seguros S.A. (Ecuador)

Main Activities: Insurance Carriers
Full name: Oriente Seguros S.A. Profile Updated: October 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Oriente Seguros S.A. is a company located in Quito, Ecuador. It was founded in 1977 as a General Insurance company. Until the year 2000, it had a limited commercial presence in the Ecuadorian market. However, it was acquired by Mistral Inversiones y Títulos Cía. Ltda., an investment project administrator, in 2000. Under new management, the company formed a new Board of Directors with prestigious profiles that contributed to its development and growth. In October 2014, as part of the company's strategic vision to strengthen and improve its services, Oriente Seguros decided to sell its vehicle portfolio to QBE Seguros Colonial S.A. This ensured that customers would maintain the coverage and services initially contracted. With the support of leading reinsurance companies worldwide, Oriente Seguros decided to refocus its business towards the corporate segment, aiming to consolidate its provision of Surety Bonds and General Insurance. In 2016, Julio Moreno Espinosa and Esteban Cadena Naranjo acquired the majority of the company's shares. They aimed to promote a renewed brand with clear differentiators that convey solidity, projecting a modern and avant-garde image. These concepts encompass the brand's values, institutional energy, and entrepreneurial attitude towards the future. The company has implemented a commercial and operational support structure that focuses on customer satisfaction, technical control, and constant development in response to market needs. Oriente Seguros' business strategy solidly integrates the vision of Corporate Responsibility and economic, social, and environmental sustainability.

Headquarters
Av. Republica 401 and Martin Carrion, building Titanium Plaza, Piso 4
Quito; Pichincha;

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Website: http://www.orienteseguros.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
June 10, 1977
Key Executives
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Executive President
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
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General Manager
Ownership Details
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49%
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49%
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1.22%
Subsidiaries
Cepsa S.A.
0.47%
Company Performance
Financial values in the chart are available after Oriente Seguros S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
8.12%
Net fee and commission income
N/A
Operating profit (EBIT)
82.32%
Net Profit (Loss) for the Period
75.77%
Total assets
-27.94%
Investments
-32.29%
Receivables
-22.96%
Total equity
-8.45%
Net Premiums Earned Trend
N/A
Net Profit Trend
2850.38%
Return on Equity (ROE)
25.65%
Loss Ratio
15.04%
Underwriting Expenses Ratio
-31.01%

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