OREANDA-NEWS. April 29, 2010. According to preliminary data, the total amount of insurance premiums paid to INGO group, comprising Ingosstrakh OJSIC (Russia), INGO Ukraine (Ukraine), INGO Ukraine-Life, Garant (Austria), IngoNord (Finland), Belingostrakh (Republic of Belarus), INGO Armenia (Republic of Armenia), Kyrgyzinstrakh (Kyrgyz Republic), INGO Uzbekistan (Uzbekistan), IC Ingosstrakh-Life (Russia), IC Ingosstrakh-M (Russia), Emergency Insurance Company OJSC (Russia), MSK EMESK OJSC (Russia), Ingosstrakh ONDD Credit Insurance LLC (Russia) for the 1st quarter of 2010 amounted to about 17.1 bln rubles1, 3% less than the same indicator of the previous year. Indemnity paid by these companies during the reporting period amounted to 12.4 bln rubles, 6% higher than the same indicator for 2009.

The total volume of premiums of INGO companies (Ingosstrakh OJSIC, IC Ingosstrakh-M, IC Ingosstrakh-Life, Emergency Insurance Company OJSC, MSK EMESK OJSC, Ingosstrakh ONDD Credit Insurance LLC) under insurance and reinsurance operations for the 1st quarter of 2010 amounted to 16.4 bln rubles, 3% less than the relevant indicator for the same period of 2009, including 4.4 bln rubles for IC Ingosstrakh-M and MSK EMESK OJSIC. Indemnity paid by the Russian companies of INGO group amounted to 11.9 bln rubles in the 1st quarter of 2010, 6% higher than the same indicator for the 1st quarter of 2009.

The total volume of premiums collected by Ingosstrakh OJSIC in the 1st quarter of 2010 amounted to 11.0 bln rubles, 8% less than in the same period of 2009, including 10.1 bln rubles under direct insurance operations and 0.9 bln rubles under in-world insurance operations.

For voluntary insurance other than life insurance (including in-world insurance), the insurance premiums paid to Ingosstrakh amounted to 9.7 bln rubles, including 1.9 bln rubles for personal insurance (except for life insurance), 6.9 bln rubles for property insurance and 0.9 bln rubles for voluntary liability insurance.

The total amount of indemnity paid by Ingosstrakh OJSIC amounted to 7.7 bln rubles, 10% growth compared to the 1st quarter of 2009. Indemnity paid under direct insurance operations amounted to 7.2 bln rubles; indemnity paid under in-world insurance amounted to 0.5 bln rubles.

For voluntary insurance other than life insurance (including in-world insurance), the insurance premiums paid to Ingosstrakh amounted to 6.8 bln rubles, including 1.3 bln rubles under personal insurance (except for life insurance), 5.2 bln rubles under property insurance and 0.3 bln rubles under voluntary liability insurance. The highest growth trends were found in the following activities:

- car hull insurance: 16.9%;

- voluntary medical insurance: 15.2%;

- insurance of waterborne vehicles: 13.8%;

- agricultural insurance: 50.5%.

During the accounting period, the assets of Ingosstrakh OJSIC, Ingosstrakh-Life, Ingosstrakh-M, Emergency Insurance Company OJSC, MSK EMESK OJSC and Ingosstrakh ONDD Credit Insurance LLC amounted to 67.8 bln rubles. The insurance reserves of INGO companies amounted to 45.9 bln rubles. As of April 1, 2010 the equity capital amounted to 15.8 bln rubles, 7% growth compared to the same indicator as of April 1, 2009. According to preliminary data, profit before tax of these companies in the 1st quarter of 2010 amounted to over 0.9 bln rubles.