OREANDA-NEWS. November 12, 2007. OJSC "Transsiberian reinsurance corporation" submitted accounts by the results of three quarters of 2007 to tax authorities. According to income statement for 9 months of the current year "Transsiberian Re" collected RUR 839 million. 

The total amount of "Transsiberian Re’s" payments under the reinsurance contracts accepted within the period of  three quarters of 2007 practically has not changed in comparison with the preliminary reporting.

As at September 30th of the current year, the sum of the investments reflected in the form " № The 1-insurer " 2,3 times exceeds the previous year index. Over the last period the quality of an investment portfolio has considerably improved. This in many respects was promoted by the requirements of the international rating agencies. Investments on the territory of the European Union has also promoted increase of an investment portfolio security, in particular in Czech Republic where the branch of "Transsiberian Re" operates.

Volume of own means of "Transsiberian Re" as at  the end of the third quarter by 20 % has exceeded a similar parameter of the last year. And the significant share of (35 %) is retained earnings of past years.

This year is noted by significant growth of the size of insurance reserves: as at the end of the third quarter they have reached almost one billion rubles (RUR 987 million).

In connection with fast growth of volumes of business charges on insurance operations carrying out have increased in 1,4 times. Thus administrative expenses for three quarters of this year have appeared 20 % less than the last year parameter.
The main confirmation of "Transsiberian Re" dynamic development became the increase in total balance up to RUR 1432 million.