OREANDA-NEWS. June 10, 2011. For the first quarter 2011 Allianz Ukraine Ins.Co. has collected UAH 46,478.9 thousand of insurance premiums, which is 93.1% growth compared to the same period in 2010.

In the structure of insurance fees, 40% account for property insurance premiums, 39.2% account for personal insurance premiums, 9.1% account for cargo and luggage insurance premiums and 4.9% account for car insurance (motor hull insurance) premiums.

Total payments by Allianz Ukraine Ins.Co. in the first quarter 2011 amounted to UAH 14.476.9 thousand. This indicator grew by 135.1% compared to the first quarter of last year. Major payments were made under personal insurance agreements (excluding life insurance) – 43.2%. 39.8% of total payments account for property insurance, while 15.9% - for car insurance.

As of April 01, 2011 authorized capital of Allianz Ukraine Ins. Co. grew by 31.8% (compared to the same date of 2010) and amounted to UAH 143,041.3 thousand. Insurance reserves amounted to UAH 99,790.8 thousand.

“We are satisfied with our company’s performance by Q1 results. Positive dynamics is observed in key business lines (insurance premiums under property insurance agreements have increased by 117.6%, under medical insurance agreements – by 193.9%). However, the company portfolio remains balanced. 40% of total premiums account for property insurance. I think this is one of the best ratios in the market. We are actively working to retain such results in the future” – says Harry Andreasian, CEO of Allianz Ukraine.