OREANDA-NEWS. December 15, 2009. According to the preliminary results of 9 months of 2009, the consolidated premium collected by the companies of the INGO Group - Ingosstrakh IJSC (Russia), SOFAG (Germany), INGO Ukraine (Ukraine), Garant (Austria), IngoNord (Finland), Belingosstrakh (Republic of Belarus), Ingo Armenia (Republic of Armenia),  Kyrgyzinstrakh (Kyrgyz Republic), Ingo Uzbekistan  (Uzbekistan), Ingosstrakh Life (Russia),  Emergency Insurance Company (Russia), INGO Ukraine Life (Ukraine) - under the international financial reporting standards (IFRS) amounted to RUB 41.7 bln. versus RUB 39.7 bln. last year (an increase of  5%).The consolidated insurance premium collected by the companies of INGO Group comes mainly from Ingosstrakh IJSC - 85%. The insurance portfolio of Ingosstrakh IJSC as of the end of the reporting period is composed of the following elements: 54% - motor insurance and vehicle owners’ liability; 16% – insurance of property against fire and associated risks; 12% - personal insurance; 5% - cargo insurance, vessel hull insurance and vessel owners’ liability; 10% - other types of insurance.

Payments made by the companies of INGO Group in the reported period totaled RUB 25.5 bln, which is 35% more than in the same period last year. "The increase in the volume of compensations paid means that, in the situation of a deepening crisis of non-payments in the insurance market, the company pays compensations to the clients quickly and in full”,  Konstantin Sokolov, the Deputy General Director, Finance and Economy, Ingosstrakh IJSC commented.The consolidated net profit of INGO Group over 9 months of 2009 has increased by almost 5 times and amounted to RUB 2.5 bln as compared with RUB 0,5 bln in the same period of 2008.The consolidated assets of the Group as of 30.09.2009 amounted to RUB 77.8 bln as compared with RUB 72.0 bln at the end of 2008, the insurance reserves increased to RUB 49.1 bln from  RUB 47.9 bln at the end of 2008, the equity capital amounted to RUB 15.7 bln (an increase of 17% as compared with 2008).According to Konstantin Sokolov, “the IFRS results of INGO Group over 9 months of 2009 prove that regardless of the crisis situation the Group has reached high performance results and still has financial stability that is unprecedented for the Russian insurance market”.