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Seguros Confianza S.A. (Ecuador)

Main Activities: Insurance Carriers
Full name: Seguros Confianza 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

Seguros Confianza S.A. is an insurance company located in Guayaquil, Ecuador. They specialize in the field of surety bonds and have been operating for over 37 years in the Ecuadorian market. Their main focus is to provide value and support to their clients and other stakeholders in their businesses and projects, contributing to their development. Seguros Confianza aims to become a leading company in profitability among specialized insurance companies in Latin America, by prioritizing customer satisfaction, innovation, and social responsibility. With their extensive experience, their policies are highly regarded and serve as a strong endorsement for companies involved in large-scale projects.

Headquarters
Av. Las Lomas 409 y Calle 5, Urdesa Central
Guayaquil; Guayas; Postal Code: 090507

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Website: http://www.confianza.com.ec/

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:
Key Executives
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President
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Executive President
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Vice President
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Member of Board of Directors
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Member of Board of Directors
Ownership Details
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96.61%
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0.9%
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0.66%
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0.27%
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0.26%
Subsidiaries
Sumicosta S.A.
50%
Compania Reaseguradora del Ecuador S.A.
4%
Hospital de los Valles S.A. Hodevalles
0.39%
Company Performance
Financial values in the chart are available after Seguros Confianza 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
-6.1%
Net fee and commission income
-44.98%
Operating profit (EBIT)
-87.47%
Net Profit (Loss) for the Period
-93.17%
Total assets
7.43%
Investments
0.04%
Receivables
9.78%
Total equity
8.81%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
-43.13%
Loss Ratio
-39.16%
Underwriting Expenses Ratio
11.36%

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