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Seguros El Potosi S.A. (Mexico)

Main Activities: Direct Life Insurance Carriers | Direct Property and Casualty Insurance Carriers
Full name: Seguros El Potosi S.A. Profile Updated: June 28, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Seguros El Potosi S.A. is a Mexican insurance company located in San Luis Potosi. It was legally established in January 1946 as "EL POTOSÍ, S.A. COMPAÑÍA MEXICANA DE SEGUROS" and received authorization to operate in the Fire branch in April of the same year. Since then, the company has achieved several milestones. In April 1971, it obtained authorization to issue policies in the Automobile branch, and on April 25, 1946, it issued its first insurance policy. In September 1979, Seguros El Potosi S.A. acquired its own property located at Av. Venustiano Carranza No. 426, Colonia Centro in San Luis Potosi, which currently serves as its corporate offices. The company expanded its operations in April 1984 to include liability, maritime, transportation, and various other branches. In December 1985, it inaugurated an office in Aguascalientes, leading to significant growth and the establishment of more than 20 offices nationwide. In December 1986, Seguros El Potosi S.A. obtained authorization to operate in the life, accidents, and health branches. With over 380 employees distributed across 13 states and more than 20 offices, the company has been recognized as a "Super Company" by Revista Expansión since 2017.

Headquarters
Av. Dr. Manuel Nava 200-A int 1, Col. Los Filtros
San Luis Potosi; San Luis Potosi; Postal Code: 78210

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Website: http://www.elpotosi.com.mx

Basic Information
Total Employees:
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Outstanding Shares:
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Incorporation Date:
1946
Key Executives
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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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Member of Board of Directors
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Member of Board of Directors
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MXN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
28.44%
Operating profit (EBIT)
69.2%
Net Profit (Loss) for the Period
9.34%
Total assets
9.66%
Investments
11.12%
Receivables
17.85%
Total equity
12.31%
Net Premiums Earned Trend
20.71%
Net Profit Trend
-180.14%
Return on Equity (ROE)
-0.21%
Underwriting Expenses Ratio
3.09%

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