Mexico
News

Atlas 2004 profits rise 24% to US$11mn

Bnamericas Published: Tuesday, March 22, 2005
Mexican insurer Seguros Atlas said its profits rose 24% in 2004 thanks to higher premiums and stable claims. Profits totaled 126mn pesos (US$11.3) compared with 102mn pesos the previous year, the company told insurance regulator CNSF. Written premiums increased 18% to 2.5bn pesos, while financial income fell 26% to 97.7mn. The company's technical result increased 33% to 326mn pesos because claims were virtually unchanged at 971mn pesos. Financial investments increased 19% to 2.3bn pesos, while technical reserves rose 2% to 1.6bn pesos.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

Other companies in: Insurance (Mexico)

Get critical information about thousands of Insurance companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: SERVINTESP, S.A. DE C.V.  (SERVINTESP)
  • EHS Supervision and Management Services, follow-up to ASEA, SEMARNAT, CRE, CNH, and Civil Protection. The company offers services such as Environmental Assessment of Site and En...
  • Company: Liberty Fianzas, S.A. de C.V.  (Liberty Mexico)
  • Liberty Fianzas, formerly Primero Fianzas, is a Mexican surety company that provides investing in surety and insurance capabilities. The company operates through 11 offices writ...
  • Company: Instituto Mexicano del Seguro Social  (IMSS)
  • Mexico's state social security agency IMSS is the largest social security institution in Latin America. IMSS's services, insurances and provisions are divided into five units: w...