Qualitas Compania de Seguros, S.A.B. de C.V.

Qualitas Compania de Seguros, S.A.B. de C.V. (Qualitas) is a Mexican insurance company. The company principally offers insurance service to automobile sector for Mexican residents and for foreigners the US and Canada. The company also offers insurance for Mexican personal-use vehicles to cover travel outside the country. The company provides services also to cover civil and professional liabilities, fire, automobiles, earthquake and other catastrophes, and miscellaneous risks. The Company has non-financial sector subsidiaries namely, Asesoria y Servicios Q SA de CV, Corporativa COQU SA de CV and Activos Jal SA de CV. The company insured 1.3 million vehicles in Mexico. Qualitas holds a leading market position in Mexican Automobile Insurance market with 19.3% market share. The company is headquartered at Mexico City, Mexico.The company reported revenues of (Mexican Pesos) MXN 7,878 million during the fiscal year ended December 2008, an increase of 17.7% over 2007. The operating loss of the company was MXN 45 million during the fiscal year 2008, as compared to an operating loss of MXN 267 million during 2007. The net profit of the company was MXN 338 million during the fiscal year 2008, an increase of 814% from 2007.