OREANDA-NEWS. On 04 June 2008 was announced, that Allіanz Insurance Company summed up results of its operation in the first quarter 2008. As at April 01, 2008, the Company collected insurance premiums for the amount of UAH 50.337 million. Thus, rate of growth of this indicator compared to results for the analogous period in 2007 is 207.6%. In total scope, 52.2% are premiums under motor insurance agreements (motor hull), 26.8% are premiums under personal insurance agreements (excluding life insurance), and 12.5% are premiums under property insurance agreements.

The scope of the Company’s insurance reserves, as at the reported date, is UAH 93.502 million, which demonstrates growth of Allianz reserves compared to data for the first quarter 2007.

At the same time, the scope of Allianz Ins.Co. authorized capital compared to the indicator as at April 01, 2007 increased by 63.1% and was UAH 121.405 million.

Already within the first quarter 2008, Allianz Ins.Co. paid out UAH 25.125 million. Compared to the results for the analogous period in 2007, this indicator increased almost 5-fold. In general structure, ratio of payments under motor insurance agreements is 81.6%, under property insurance agreements – 2.4%, аnd 11.1% under personal insurance agreements ( excluding life insurance).

Joachim Wessling, Director General of Allianz Ins.Co. commented on the results of the first quarter 2008: “Our Company’s financial indicators vividly demonstrate positive dynamics of Allianz development. Rate of growth of premiums confirms increase of the number of customers trusting Allianz. And the rate of growth of payments speaks for fulfillment of promises given by Allianz. Dynamics of indicators of the authorized capital and insurance reserves indicates financial power and steadiness guaranteeing prosperity of our customers today and in the future”.