Total Amount of Charges of INGO Group for 1H Amounted to RUR 39.8bln
OREANDA-NEWS. July 29, 2011. According to preliminary estimates total amount of charges of companies, belonging to "INGO" group - Ingosstrakh Insurance Company (Russia), "INGO Ukraine" (Ukraine), "INGO Ukraine-Life" (Ukraine), "IngoNord" (Finland), "Belingostrah" (the Republic of Belarus), "INGO Armenia" (Armenia), "Kyrgyzinstrakh" (Kyrgyz Republic)", "INGO Uzbekistan" (Uzbekistan), "Ingosstrakh Life" IC (Russia), "Ingosstrakh-M" IC (Russia), "Emergency Insurance company" OJSC (Russia), "EMESK" MIC OJSC (Russia), "Ingosstrakh ONDD Credit Insurance" LLC (Russia) - for the 1st half of 2011 amounted to 39.8 billion rubles, which is 11.3% higher than the same indicator of the last year. Payouts of these companies in the reporting period are equal to 25.0 billion rubles, which is 2.6% less than the same period in 2010.
Total amount of premiums of the Russian companies of "INGO" group (Ingosstrakh Insurance Company, "Ingosstrakh-M" IC LLC, "Ingosstrakh Life" IC LLC, "Emergency Insurance company" OJSC, "EMESK" MIC OJSC, "Ingosstrakh ONDD Credit Insurance" LLC) under direct insurance and risks accepted by way of reinsurance, for the 1st half of 2011 amounted to 38.6 billion rubles, which is 12.2% higher than the corresponding indicator for the same period in 2010, including those relating to "Ingosstrakh-M" IC LLC and "EMESK" MIC OJSC - 10.3 billion rubles. Payouts of the Russian companies of the group for the 1st half of 2011 - 24.4 billion rubles, which is 2,1% less comparing to the 1st half of 2010.
Total amount of premiums collected by Ingosstrakh Insurance Company in the first half of 2011, is equal to 27,1 billion rubles, which is 13.9% more than the same period of 2010, including 25.3 billion rubles received under direct insurance operations, and 1.8 billion rubles – under incoming reinsurance transactions.
Ingosstrakh Insurance Company charges under voluntary insurance other than life insurance (including incoming reinsurance) – 23.8 billion rubles, including 3.6 billion rubles collected under personal insurance (except life insurance), 18.1 billion rubles - under property insurance types, and 2.0 billion rubles – under voluntary liability insurance.
The highest premiums growth rates have been registered within the following types of activity: agricultural insurance - 62.9%; liability insurance of organizations operating hazardous objects - 46.4%, property insurance of legal entities and individuals - 39.1%, air transport insurance - 22.0%; water transport insurance - 17.7 %; transport vehicles insurance - 8.6%.
Collection of insurance premium in the first half of 2011 under OSAGO amounted to 3.3 billion rubles (9.8% growth).
Total amount of payouts by Ingosstrakh Insurance Company in the first half of 2011 amounted to 14.4 billion rubles, which is less 6.8% than the amount paid in the first half of 2010. Payouts under direct insurance amounted to 13.3 billion rubles, and 1.1 billion rubles - under incoming reinsurance operations.
The company’s payouts under voluntary insurance other than life insurance (including payments under incoming reinsurance) amounted to 12.6 billion rubles, including 2.4 billion rubles collected under personal insurance (except life insurance), 9.7 billion rubles - under property insurance, and 2.0 billion rubles – under voluntary liability insurance. OSAGO payouts in the first half of 2011 amounted to 1.7 billion rubles.
In the reporting period the assets of Ingosstrakh Insurance Company, "Ingosstrakh-Life", "Ingosstrakh-M", "Emergency Insurance company" OJSC, "EMESK" MIC OJSC and "Ingosstrakh ONDD Credit Insurance" LLC amounted to 78.6 billion rubles. Insurance reserves of Russian companies of "INGO" group are equal to 60.0 billion rubles. Own capital as of 07.01.2011 has reached 19.4 billion rubles, which is 18.7% more compared to the similar indicators registered on 07.01.2010. Net profit of these companies in the first half of 2011 according to preliminary data is 1.7 billion rubles, which is 25.0% more than in the first six months of last year.
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