For the updated or exact information, you should check edge.pse.com.ph or their official website.
1.
Company Information
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Company Name
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National Reinsurance Corporation of the
Philippines (NRCP)
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Sector
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Financials
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Incorporation Date
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Jun 07, 1978
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Subsector
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Other Financial Institutions
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Number of employees
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49 (Group Total)
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Board of Directors
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Chairman: Helen Y. Dee
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Website / E-mail
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http://www.nrcp.com.ph
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2.
Stock Information
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Total Assets
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14,801,336,830
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Market Capitalization
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1,762,592,648.00
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Total Liabilities
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9,564,981,279
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Outstanding Shares
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2,123,605,600
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Retained Earnings
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99,551,425
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Listed Shares
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2,181,954,600
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Listing Date
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Apr 27, 2007
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Issued Shares
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2,181,954,600
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Board Lot
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1,000
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Free Float Level (%)
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47.56%
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Par Value
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1.00
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Foreign Ownership Limit
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30%
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3.
Major Stock Holders (common shares)
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GSIS
MICO EQUITIES, INC.
BANK OF THE PHILIPPINE ISLANDS
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25.73%
12.89%
13.69%
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4.
Company Descriptions and Business Development
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Notes
1. Helen Y. Dee has position in RCB, HI, SPM, PERC, EEI
and IPO
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Overview
The Company operates as a professional reinsurance
corporation providing life and non-life reinsurance to the Philippines and to
neighboring insurance markets. Since it merged Universal Malayan Reinsurance
Corporation in 2006, it is the only reinsurance company in the Philippines.
The Company had existing reinsurance treaties with 50
out of the 66 licensed non-life insurance companies in the Philippines, all
of the 27 licensed life insurance companies and 3 out of the 4 composite
companies.
Business
It recorded P1573 millions of revenue and P78 millions
of net income in 2016.
As of December 2016, Fire accounted for 45% of the
Company’s Gross Premiums Written (GPW) and 44% of Net Premiums Written (NPW),
life accounted for 22% of GPW and 24% of NPW, casualty and others accounted
for 30% of GPW and 28% of NPW and marine and aviation accounted for 3% of GPW
and 4% of NPW. GPW sourced from foreign insurance companies accounted for 21%
in 2016.
Subsidiaries /
Associates / Affiliates / Joint Ventures
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