Grupo Catalana Occidente, S.A.
GCNJF
Other OTC25.30
USD
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Return %
Stock
S&P500
1Y
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26.53
3Y
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76.60
5Y
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80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Hugo Serra Calderon
- Full Time Employees
- 7,151
- Sector
- Financial Services
- Industry
- Insurance - Diversified
- Address
- Paseo de la Castellana 4 Madrid Spain 28046
- IPO Date
- Sep 13, 2013
- Website
- grupocatalanaoccidente.com
- Similar Companies
- Business
- Grupo Catalana Occidente SA (GCNJF) operates as a diversified insurance holding company focused on non-life, life, and credit insurance, alongside funeral services, through its principal brands Occident, Atradius Credito y Caucion, and Memora; it provides multi-risk coverage for family homes, businesses, communities, offices, and SMEs; industrial, engineering, accident, and third-party liability products; life risk, savings, pension plans, and investment funds; health and funeral services; motor and transport fleet insurance; and global credit insurance, reinsurance, and surety bonds. The group serves over 4.6 million policyholders via more than 14,000 mediators, targeting individuals, SMEs, and corporations with an emphasis on traditional insurance, trade credit protection, and end-of-life services; it maintains operations in over 50 countries, with leadership in Spanish non-life insurance, second-largest global position in credit insurance, and top market share in Iberian funeral services. Founded in 1864 and headquartered in Madrid, Spain, the company employs over 8,600 people and ranks as the seventh-largest insurance group in Spain as of end-2024. In recent developments, it completed the 2022-2024 Strategic Plan with the 2024 merger of traditional insurance units--including Seguros Catalana Occidente, Plus Ultra Seguros, Seguros Bilbao, and NorteHispana--under the unified Occident brand to streamline operations and enhance customer service through digitalization and omnichannel distribution; Memora pursued inorganic growth via acquisitions of local funeral operators in Valladolid, Palencia in Spain, and Lisbon in Portugal, alongside integrating Asistea; GCO Ventures launched insurtech startups Vivara for rental property management and Musky for pet insurance; the group inaugurated a new LEED Platinum-certified headquarters in Madrid supporting flexible work models; and Inocsa launched a voluntary takeover bid in 2025 for the remaining 37.97% of shares it does not control, backed by 2.3 billion euros in syndicated financing from CaixaBank, BBVA, Santander, Bankinter, and BNP Paribas. Atradius sustained high retention at 94.5% and prudent risk management amid profitable expansion, while the group reported consolidated 2024 profit of 688.7 million euros, up 11.9%, and turnover of 5,997.7 million euros, up 3.5%, with its new 2025-2027 Strategic Plan emphasizing growth, profitability, solvency, and sustainability through a master plan targeting governance, business sustainability, social commitment, and environmental responsibility.