Article: Mexico: Comercial America posts good results.

Mexico, Apr 24, 2001

Mexican insurance leader Comercial America posted net sales of Pesos$4.655bil (up 5.7% in real terms) and technical profits of Pesos$507.7mil (up 6.5%) in the first quarter of 2001. Net profits totalled Pesos$95.2mil and equity profits Pesos$186mil (compared to a loss of Pesos$341mil a year earlier). Comercial America also boasts outstanding efficiency ratios. It has a market share of 28.8% whilst its subsidiaries grew equity to Pesos$887mil with a joint revenue total up 15% to ...

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