Minerva Insurance Company Public LTD Logo

Minerva Insurance Company Public LTD

ISIN: CY0000960316 | Ticker: MINE | LEI: 529900VQA3SYOTJKL584
Sector: FinancialsSub-Industry: Multi-line Insurance
Country: Cyprus

About Minerva Insurance Company Public LTD

Company Description

Minerva Insurance Company Public Limited offers insurance and reinsurance services in Cyprus. The Company offers life, automobile, casualty, transportation, and aviation insurance. Through subsidiaries, Minerva offers lease financing and invests in securities and property.

We offer pioneering and innovative insurance plans with substantial coverage at competitive prices, both for individuals and for businesses tailored to your needs.

Year founded


Served area





165 Athalassas Avenue, 2024 Strovolos, Nicosia – Cyprus

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Assets N/A 36,289,541.00 37,528,253.00
Noncurrent Assets N/A 18,638,295.00 18,815,159.00
Property Plant And Equipment N/A 4,764,928.00 4,849,670.00
Investment Property N/A 8,970,590.00 9,415,647.00
Intangible Assets Other Than Goodwill N/A 99,113.00 42,115.00
Noncurrent Financial Assets Availableforsale N/A 3,513,039.00 3,742,178.00
Noncurrent Heldtomaturity Investments N/A 315,821.00 0.00
Current Assets N/A 17,651,246.00 18,713,094.00
Cash and cash equivalents N/A 4,456,243.00 4,419,487.00
Equity And Liabilities N/A 36,289,541.00 37,528,253.00
Equity 6,973,882.00 7,299,421.00 10,042,409.00
Issued Capital N/A 16,999,865.00 3,281,230.00
Liabilities N/A 28,990,120.00 27,485,844.00
Noncurrent Liabilities N/A 8,939,117.00 6,569,339.00
Noncurrent Provisions N/A 4,829,368.00 4,357,601.00
Noncurrent Payables To Related Parties N/A 1,738,265.00 302,989.00
Deferred Tax Liabilities N/A 889,930.00 918,124.00
Noncurrent Portion Of Noncurrent Secured Bank Loans Received N/A 673,722.00 398,698.00
Current Liabilities N/A 20,051,003.00 20,916,505.00
Current Provisions N/A 15,436,310.00 16,784,259.00
Current Tax Liabilities Current N/A 55,931.00 55,756.00
Current Secured Bank Loans Received And Current Portion Of Noncurrent Secured Bank Loans Received N/A 383,981.00 275,574.00
Line item in (eur) 01.01.2020/
Profit Loss From Operating Activities 467,405.00 -208,651.00
Profit Loss Before Tax 273,346.00 -375,062.00
Income Tax Expense Continuing Operations 117,334.00 12,289.00
Profit (loss) 156,012.00 -387,351.00
Line item in (eur) 01.01.2021 01.01.2022
Profit (loss) 156,012.00 -387,351.00
Adjustments For Income Tax Expense 117,334.00 12,289.00
Adjustments For Provisions 0.00 118,700.00
Cash Flows From Used In Operations 131,572.00 1,187,313.00
Dividends Received Classified As Operating Activities 9,400.00 10,420.00
Interest Paid Classified As Operating Activities 114,799.00 125,400.00
Income Taxes Paid Refund Classified As Operating Activities 8,130.00 8,654.00
Cash Flows From Used In Operating Activities 18,043.00 1,063,679.00
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities 0.00 410,141.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 511,508.00 131,937.00
Purchase Of Intangible Assets Classified As Investing Activities 59,850.00 18,173.00
Interest Received Classified As Investing Activities 84,852.00 40,813.00
Cash Flows From Used In Investing Activities -1,812,999.00 -630,566.00
Repayments Of Borrowings Classified As Financing Activities 398,055.00 383,431.00
Cash Flows From Used In Financing Activities -1,660,900.00 -386,115.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes -3,455,856.00 46,998.00
Cash and cash equivalents 4,456,243.00 4,419,487.00

Please note that some sums might not add up.

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Multi-line Insurance

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Cyprus Stock Exchange

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