OREANDA-NEWS. September 23, 2009. The rating agency Expert-Rating traditionally published its fifth annual rating of Ukrainian insurance companies’ stability. Oranta National Joint-Stock Insurance Company again headed the stability rating since it collected the record volume of premiums, over UAH 1 billion. In the first half year, Oranta collected almost UAH 375 million in gross premiums and remained the absolute record breaker among the companies that took part in the rating. The company demonstrated its high level of external support by its last emission of shares to the amount of UAH 600 million.

 “Despite the general decline in the industry, Oranta successfully maintains its market position and increases its market share. The company remains the only insurer in Ukraine and the CIS countries with depository receipts issued to represent its shares. The company has access to the market of capitals and enjoys investors’ respect, which provides it with a good external support,” said the official press-release of the rating agency.

 “The results of the stability rating demonstrated that the company's management had chosen the right business strategy. Oranta took a number of measures to come out of the crisis in the country. To illustrate, it optimized its expenses and organizational structure, centralized its activity, standardized its business processes, and activated the work in its corporate segment. As far back as in April, at the stockholders’ meeting the company decided to increase its statutory fund by UAH 600 million to UAH 775,125 million due to the additional emission of 102,580,000 nominal shares with the nominal value of UAH 5.85 each. To date shares are signed and practically 100 % paid, and all major strategic investors confirmed their long-term interest in the company as a promising asset," said Oranta's Board Chair Ms. Elena Bolotova in her comment on the victory in the rating