Peña Verde, S.A.B. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 27, 2021 at 11:47 am IST
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Peña Verde, S.A.B. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced operating loss was MXN 239.5 million compared to operating Income of MXN 35.9 million a year ago. Net income was MXN 276.6 million compared to MXN 391.9 million a year ago. For the full year, operating loss was MXN 1,030 million compared to MXN 756.9 million a year ago. Net loss was MXN 132.4 million compared to net income of MXN 445.6 million a year ago.
Pena Verde SAB is a Mexico-based holding company engaged in the insurance and reinsurance sector. The Company carries out is activities through its subsidiaries General de Seguros SAB (GenSeg), Reaseguradora Patria SAB and Patria Corporate Member Ltd, which are mainly involved in the provision of a variety of direct life, health, casualty, third party liability, agricultural, fire, automotive, aircraft and boats insurance and reinsurance policies, among others.